Active Stocks

Wed Jul 31 2024 14:04:54

Tata Steel share price
164.85 0.49%

Tata Motors share price
1,154.00 -0.71%

NTPC share price
416.10 2.26%

ITC share price
492.50 0.51%

ICICI Bank share price
1,214.85 0.37%

Business News/Money/ Ask Mint Money

Q&A

In the event if the repair works required to be carried out are of the nature which mandates eviction of the tenant, then, the landlord will have to follow due process of law,

What legal obligations exist for landlord access to rented premises?

1 min read . 07 May 2024

Whether one occupies one or two houses, he can claim interest only up to ₹2 lakh in aggregate. (IStock)

Income tax: Home loan benefits when two houses are self-occupied

1 min read . 04 May 2024

You don't need to file your income tax return because you have a PAN.

How to claim refund for tax deducted on fixed deposit interest by the bank?

1 min read . 01 May 2024

Health insurance covers your expenses incurred on hospitalisation, and life insurance covers your family's financial needs in case you are not around.

What things do I need to consider for buying a critical illness insurance plan?

2 min read . 30 Apr 2024

Any gain or loss arising from sale of ELSS funds held for a period of more than 12 months prior to their sale is considered as long-term capital gain (LTCG) or long-term capital loss (LTCL).

How does ELSS taxation change if primary holder dies?

2 min read . 28 Apr 2024

The income tax benefits in respect of interest on home loans for self-occupied house property/ies as well as for repayment of principal repayment are available only if you opt for the old tax regime and are not available under the new tax regime.

Income tax benefits on second home loan — Explained

1 min read . 20 Apr 2024

In respect of listed shares, the benefit of indexation is not available and the profits made on the listed shares sold through a broker are taxed at a flat rate of 10% after initial one lakh rupees of profits.

How the profits on sale of inherited shares will be taxed?

2 min read . 16 Apr 2024

File photo of a residential property. In the case of multiple sales and purchases of residential houses, the exemption cannot be claimed on an aggregate basis. (Mint)

Can I claim capital gains exemption for merging properties?

1 min read . 11 Apr 2024

Under no circumstance you should make full payment for the property even if the developer is offering you a huge discount on the purchase price.

Home loan for under-construction property: Will I get income tax benefits?

2 min read . 04 Apr 2024

As per Section 6 of the Hindu Succession Act, 1956 as amended in 2005, on the death of a coparcener, a partition is deemed to have taken place immediately before the death of the deceased coparcener. (iStock)

Rights of widowed daughter-in-law in coparcenary inheritance — Explained

1 min read . 28 Mar 2024

Buying property in Australia: Under Section 195 any person who pays any sum of money to a non-resident and who is taxable in India has to deduct tax on the income portion of the payment being made to the non-resident.

Tax compliance you should know while buying property from Australian residents

2 min read . 23 Mar 2024

If you sell the flat within 24 months after taking possession, you will have earned short-term capital gains, which are chargeable to tax at the normal rates applicable to your total income, inclusive of the short-term gains.

What are capital gains implications of selling flat without taking possession?

2 min read . 12 Mar 2024

HUF taxation: There may be a HUF in existence without there being any HUF assets.

HUF taxation: Implications of coparcener's death

1 min read . 08 Mar 2024

For gifting your share in the house purchased, you will have to execute a gift deed and pay the stamp duty as applicable in your state.

Transferring property share to spouse? Know income tax implications

1 min read . 02 Mar 2024

Only when the gift is accepted by the donee either in writing or by action the transaction of the gift be completed.

Should I pay income tax on money received from my father?

1 min read . 27 Feb 2024

There is no limit to which a person can give a gift to another person. (AFP)

My grandmother wants to gift cash to me. What are the income tax implications?

1 min read . 23 Feb 2024

There is a difference between exemption and deduction. Exempt income is not required to be included in your income but income in respect of which deduction is available is first required to be included in your income..

New income tax regime: Can I avail of deductions under Section 80TTA/80TTB?

1 min read . 22 Feb 2024

Regular reviews and updates to the succession plan are essential to adapt to changing circumstances and dynamics within the family and the business.

What should be done for smooth transition of family business?

1 min read . 30 Jan 2024

In an interview with Mint, Mahesh Balasubramanian, managing director, Kotak Mahindra Life Insurance, says reinsurance support and additional health data of consumers that helps reduce friction around underwriting are equally important to increase protection in the country.

‘Life insurance companies should be permitted to sell health plans’

6 min read . 21 Jan 2024

In an interview with Mint, Devina Mehra, founder of First Global group, shares why she thinks the current market run-up was always in the offing and what her outlook on the markets is for the next year.

‘Market momentum to continue in 2024 but stick to large-caps’: Devina Mehra

6 min read . 24 Dec 2023

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