How to make the most of tax deductions on education loan
You can claim tax deductions against education loans under Section 80E of the Income Tax Act. However, there are a few things to keep in mind.
Source Financial Express | 16/06/2021
Shocked by Covid deaths, Indians rush for life insurance
Like many other twenty-somethings in India, Beverly Coutinho kept postponing buying a life insurance policy, until a surge in COVID-19 cases and deaths made her confront her own mortality. "I saw people my own age dying, which prompted me to get life insurance immediately," says Coutinho, a 24-year-old senior executive at a public relations agency in Mumbai.
Source mint | 16/06/2021
Do You Need Cash Amid COVID-19? 4 Secured Loan Options that You Can Use
secured loan option allows borrowers to meet their financial requirements without the need to liquidate their assets to meet the sudden liquidity requirement. These options are credit risk-free for borrowers as they have the option to sell the pledged securities in the event of a payment default.
Source NEWS 18 BUSINESS | 06/06/2021
Why married people should buy term insurance under MWP Act
When buying a term insurance policy, you aim to secure the future of your wife and children in your absence. You want that the claim amount reaches them quickly and without any hassles. However, if there are any outstanding loans to any creditors or relatives or friends, the creditors would have a prior claim to the money before your beneficial nominees (spouse and children).
Source mint | 01/06/2021
Income Tax Return Filing to New PF Rules; 5 Key Changes Effective from June 1
The income tax return filing website will not be available for taxpayers for at least six days, starting from Tuesday. Employee Provident Fund Organization (EPFO) earlier asked the subscribers to link their provident fund accounts to the Aadhaar card from June 1. From new income tax filing online portal to costlier flight tickets, here’s a list of changes that will come into effect this month
Source NEWS 18 BUSINESS | 01/06/2021
Income Tax Return or ITR Filing Website Will be Unavailable From June 1. Know Details
The income tax return filing website will not be available for taxpayers for at least six days, starting from June 1.
Source NEWS 18 BUSINESS | 30/05/2021
5 home loan tips for first-time homebuyers
In terms of tenure, while many lenders offer long loan tenures of up to 30 years for repayment, try to choose a tenure not longer than 20 years.
Source Financial Express | 29/05/2021
49.1% bank deposits are not under Rs 5 lakh insurance cover: Check if your deposit is protected
When a bank fails, the only respite a depositor has is the insurance cover offered by the DICGC. This cover was raised to Rs 5 lakh from Rs 1 lakh, effective from February 4, 2020.
Source The Economics Times | 28/05/2021
Health Insurance: What happens to a policy after death of an insured member?
With many policyholders are among Covid-19 casualties, it's important to know the effect of death of an insured person on an active health insurance policy.
Source Financial Express | 28/05/2021
