Personal Finance & Wealth
Latest coverage and real-time analytical updates in Personal Finance.
Selling a House with an Outstanding Home Loan: Steps for Sellers and Buyers in India
Homeowners can sell a property that still carries a bank loan, but they must obtain the lenderâs consent, settle the outstanding amount (including any preâpayment charge) and secure a loanâclosure certificate. The buyerâs financing can be coordinated through the same bank to simplify the transaction.
Indiaâs insurance industry has expanded over the years, but the growth in insurance coverage has not kept pace with risi
Indiaâs insurance industry has expanded over the years, but the growth in insurance coverage has not kept pace with rising premiums and the countryâs economic growth. At the same time, the cost of distributing insurance has risen sharply, raising que
Title: Resale Flat Purchase: Verify Documentation Before Paying a Token Amount
SEO Title: Resale Flat Purchase: Verifying Documentation Before Paying a Token Amount
IRDAI Proposes Digital Infrastructure for Insurance: Bima Sugam and Public Insurance Registry
The IRDAI has proposed a new digital framework for the insurance sector, featuring Market Infrastructure Institutions like Bima Sugam and a Public Insurance Registry (PIR). This initiative aims to enhance transparency, allow customers to compare products digitally, and provide verified data on insurer performance to support independent purchasing decisions.
Aditya Birla Sun Life Mutual Fund will reopen three of its international schemes for fresh investments from September 24
Aditya Birla Sun Life Mutual Fund will reopen three of its international schemes for fresh investments from September 24, 2026. Investors can make lump-sum purchases or invest through SIPs and STPs, wherever available, subject to a limit of Rs 1 cror
The Central Board of Direct Taxes (CBDT) has amended the Income-tax Rules, 2026 to change the way resident individuals a
The Central Board of Direct Taxes (CBDT) has amended the Income-tax Rules, 2026 to change the way resident individuals and Hindu Undivided Families (HUFs) report tax deducted at source (TDS) when buying an immovablepropertyfrom a non-resident. The ne
The Income Tax Appellate Tribunal (ITAT), Chennai, has deleted a Rs 3 lakh penalty imposed on an individual who had rece
The Income Tax Appellate Tribunal (ITAT), Chennai, has deleted a Rs 3 lakh penalty imposed on an individual who had received Rs 7 lakh in cash as part of a property sale, after finding that thetaxdepartment passed the penalty order beyond the statuto
Getting a salary hike often leads to the same question: should the extra money go into the existing SIP or should a new
Getting a salary hike often leads to the same question: should the extra money go into the existing SIP or should a new mutual fund be added to the portfolio? There is no universal answer. For many investors, increasing an existing SIP may be simple
Title: Gold and Silver Prices in India: Market Analysis and City-Specific Price Updates
SEO Title: Gold and Silver Prices in India: Market Insights and City-Specific Price Trends
Title: Gold Prices Stabilize as US Interest Rates Rise; Middle East Tensions and US-China Talks Drive Market Movements
SEO Title: Gold Prices: US Interest Rates, Middle East Tensions, and US-China Talks Influence Market Trends
EPF Withdrawal Delays: How to Fix KYC and Bank Details on UAN Portal
EPF withdrawals often stall due to KYC mismatches. Members can verify and update Aadhaar, PAN, and bank details via the UAN portal. Since January 2025, self-updating of certain profile details is permitted for Aadhaar-validated UANs, but employer approval is still required for bank changes.
Title: Tax Professionals Seek Extension for Tax Audit Report Deadline: AY 2026-27
SEO Title: Tax Audit Report Deadline Extension Request: AY 2026-27
A taxpayer received dividend during FY 2025-26, while total income remains below the basic exemption limit. Todayâs Ask
A taxpayer received dividend during FY 2025-26, while total income remains below the basic exemption limit. Todayâs Ask Wallet Wise explains whether an ITR is required to claim the TDS refund and how to avoid TDS on dividend income in future. I rece
Coâsigning a Relativeâs Loan Can Hurt Your Credit Score, CIBIL Warns
CIBIL explains that anyone who coâsigns, guarantees or jointly holds a loan is equally liable for missed EMIs. A default by the primary borrower can lower the guarantorâs credit rating and impact future borrowing, making it essential to read loan agreements carefully.
Balancing Education Loans and Retirement Savings: What Indian Parents Should Know
Parents facing high college fees must decide between tapping retirement funds or taking an education loan. The article outlines the impact on retirement corpus, tax benefits under Section 80E, and practical ways to blend savings and borrowing without jeopardising future security.
Decoding Health Insurance Settlement Letters: What Policyholders Need to Know
Health insurance settlement letters can be confusing. This guide explains how to read the claim number, admissible amount, deductions, and timelines set by IRDAI, and what steps to take if you disagree with the settlement.
PFRDA Draft Expands NPS Distribution to Digital Platforms, Aims to Reach Millions More Indians
The Pension Fund Regulatory and Development Authority has released an exposure draft that broadens the network of entities allowed to distribute the National Pension System. By permitting digitalâfirst distributors and easing entry for fintechs, cooperatives and other organisations, the regulator seeks to make NPS more accessible to the countryâs vast workforce.
Severaltaxand chartered accountant associations have sought an extension of the September 30tax auditdeadline to October
Severaltaxand chartered accountant associations have sought an extension of the September 30tax auditdeadline to October 31, citing portal issues, reconciliation challenges and a compressed working window. However, the CBDT has not announced any exte
Fed Rate Hike Sparks Crypto Volatility: Bitcoin Rebounds After 25âBasisâPoint Increase
The U.S. Federal Reserveâs first rate hike in three years pushed major cryptocurrencies lower on September 17, but Bitcoin recovered to just above $76,300. Spot Bitcoin ETFs saw record outflows, while analysts warn that tighter liquidity could keep the market in a cautious stance.
The Union Cabinet on Wednesday approved the Ministry of Labour & Employment's proposal to increase the wage ceiling for
The Union Cabinet on Wednesday approved the Ministry of Labour & Employment's proposal to increase the wage ceiling for mandatory coverage under the Employeesâ Provident Fund (EPF) and Employeesâ Pension Scheme (EPS) from Rs 15,000 to Rs 25,000. The
Bitcoin rebounds above $78,900 amid US rateâwatch and geopolitical tension
Bitcoin slipped to a low of $78,327 on Sep 9 but recovered to $78,913, up 0.13% in 24 hours. The move comes as traders weigh US inflation data, Fed rate expectations and rising crude prices. Institutional ETF flows turned positive, while technical indicators point to a fragile support zone around $77,500.