The government is working on reforming the existing Income-tax Act, 1961. The impending reforms have raised many questions in the minds of taxpayers. Will the old regime and deductions be done away with? Will it really simplify your life? What’s the need for these reforms? We try to answer these and other questions regarding tax reforms
BY Meghna Maiti 7 October 2024
Indian-American investor Mohnish Pabrai draws heavily from Warren Buffett’s investing philosophy, but he uses real-world scenarios, such as the Patel community’s business in the US to make his investment principles appeal to a wider audience. We get into the details of Pabrai’s investing philosophy to break it down for you
BY Shoaib Zaman 1 October 2024
With Indian markets at an all-time high after dithering slightly post the general elections earlier this year, it is interesting to find out how long will the bulls keep running. Shankar Sharma, founder of GQuant, shares with Nidhi Sinha, editor, Outlook Money, as part of the Wealth Wizards series, why being called the ‘Big Bear’ of the Dalal Street is a cliché, that we are not going into a bear market anytime soon and what his investment mantra is
BY Nidhi Sinha 1 October 2024
The Union Budget 2024-25 brought some changes in taxation with regards to certain categories of mutual funds. Here’s how your taxation will be affected after the change
BY Joydeep Sen 1 October 2024
A review of ABSL Balanced Advantage Fund
BY Kundan Kishore 1 October 2024
Choosing a financial planner is not as easy as it may seem. Besides the right credentials, you should also consider things like the kind of services you will be needing—tax advisory, estate planning—as well as the fee structure. Here are five questions that will help you choose the right planner
BY Anuradha Mishra 1 October 2024
In India, capital gains tax is charged on profits made on the sale of assets, such as stocks, bonds, real estate and other investments. The Income-tax Act, 1961 provides many options to offset this capital gains tax liability by way of tax loss harvesting, carrying forward of losses, or by investing in specific bonds or in real estate through purchase or construction within few years of the sale of the property.
BY Manas Malhotra 1 October 2024
The government has announced the Unified Pension Scheme for central government employees, who will get a one-time option to switch to it. We help you decode which one you should choose between UPS and NPS
BY Versha Jain 1 October 2024
Most investors get into a theme when it is giving good returns, as they don’t want to miss out on the rally. However, the key is to have a contrarian approach
BY Larissa Fernand 1 October 2024