If you submitted Form 15G or Form 15H to your bank last year to avoid TDS on your FD interest, here’s something important: those forms no longer exist. From April 1, 2026, both have been replaced by a single unified form — Form No. 121 — under India’s new Income-tax Act, 2025.
Recent reports confirm that India has officially surpassed Japan to become the world’s fourth-largest economy in 2025, according to the International Monetary Fund (IMF) World Economic Outlook. This landmark achievement underscores India’s rapid economic expansion and solidifies its position as a key player in the global economy.
When business titan Ratan Tata drafted his will, he ensured his legacy would be protected—not just through careful asset distribution but also by including a powerful legal safeguard the “no-contest clause.” This clause, also known as an in terrorem clause, played a decisive role when Mohini Dutta—a longtime confidante and the only non-family member to inherit a significant portion (₹588 crore) of Tata’s estate—initially disputed the valuation of his bequest.
In today’s fast-paced world, achieving life’s milestones—such as buying a dream home, funding your child’s education, or planning a comfortable retirement—requires careful financial planning. HDFC Life Click 2 Achieve is a non-participating, non-linked savings life insurance plan designed to help you meet these goals with guaranteed benefits and flexible payout options.
For Non-Resident Indians (NRIs), understanding the tax implications of investments in India can be complex—especially when it comes to capital gains from mutual funds. A recent ruling by the Income Tax Appellate Tribunal (ITAT), Mumbai in the case of Anushka Sanjay Shah provides clarity and relief for NRIs claiming tax exemptions under Double Taxation Avoidance Agreements (DTAAs).
This year’s budget placed a significant emphasis on providing relief to income tax payers, a move that resonated strongly with individuals across various income brackets. This focus manifested in several key changes, primarily aimed at simplifying the tax regime and reducing the tax burden on individuals. The government’s decision to prioritize tax relief can be seen as an effort to boost disposable income, stimulate consumer spending, and potentially encourage greater compliance.
Equity Linked Savings Schemes (ELSS) have emerged as a popular choice for individuals seeking to save on taxes while building long-term wealth. These tax-saving mutual funds offer a unique blend of tax benefits and the potential for significant returns, making them an attractive investment option for many.
The Union Budget 2024, presented on July 23rd, introduced significant changes to the taxation of capital gains. Here’s a detailed comparison of the new rules and how they differ from the previous year’s regulations.
The full budget of 2024 which was presented today in parliment brought exciting news for salaried employees looking to secure their retirement with the National Pension System (NPS). Two significant changes have been introduced that can potentially lower your taxable income and accelerate your retirement savings.
Imagine you want a slice of the most delicious cake at a party. But instead of picking a single piece, you decide to get a tiny bit from all the yummy cakes available! That’s kind of like investing in a Nifty 50 Index Fund.
Once upon a time, in the bustling city of Mumbai, there lived two friends, Raj and Arjun. Both were avid investors, always on the lookout for ways to maximize their returns while minimizing tax liabilities.
In the realm of financial planning and wealth management, one of the key considerations is optimizing tax liabilities while maximizing returns. Capital Gains Bonds in India emerge as a strategic tool that not only offers tax benefits but also serves as a prudent investment avenue.
Yesterday finance minister of India Smt. Nirmala Sitharaman presented interim Union Budget for 2024-2025.
Tax planning is an integral part of financial management for individuals and businesses in India. Insurance not only offers financial protection but also provides opportunities for tax savings. By leveraging the benefits offered by insurance policies, individuals can reduce their tax liability while securing their future. This article serves as a comprehensive guide on how to save tax with insurance in India, highlighting key insurance products and their tax-saving advantages.
Mutual funds are a popular investment option in India. There are two main types of mutual funds i.e., Equity Funds and Debt Funds. Debt funds invest in various debt instruments making them less volatile compared to Equity Funds. There are various types of debt funds such as Overnight Funds, Liquid Money Market Funds, Ultra-Short Duration Funds, Low Duration Funds, Long Duration Funds, Corporate Bond Funds, Credit Risk Funds, etc. Each of these funds caters to the different needs of investors.
