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If you want to buy a home, the lengthy approval process can seem daunting. Even in today’s digital age, home loan applications require a lot of paperwork to be submitted and reviewed by the lender. Because let’s face it, the housing market is tough for just about everyone and no one wants to wait weeks, …
The stock market typically enters a bear phase during a recession (when stocks are falling or are already at their lowest levels). Investors are often reluctant to reinvest in such a market, as the risks of falling share prices keep them further away. To complicate a gloomy situation, a recession has no expiration date: it …
There are a few days left to file your income tax return (ITR) for the fiscal year 2021-22 (the appraisal year 2022-23). You have the option of filing yourself or using the services of several experts to calculate your income and tax obligations, prepare the return, and file it. These experts include government-licensed service …
According to the tax agency, more than 37.3 million income tax returns (ITR) have been filed so far in the fiscal year (2022-23) as the July 31 filing deadline approaches. The official electronic filing portal recorded 37,341,425 returns as of July 27, 2022. As of July 26, more than 34 million RTAs had been filed, …
Are you planning a career change? Why not withdraw the savings accumulated in the EPF accounts of your employees? Withdrawing from the EPF is a relatively simple process, involving filling out a form with your personal information and giving it to your human resources colleague to complete. After a few weeks, you will receive a …
If you are still waiting to buy a new home, now is a great time. Kotak Mahindra Bank and State Bank of India (SBI) cut mortgage rates effective March 1. The two banks cut interest rates by another 10 basis points (100 basis points = 1 percentage point). Kotak Mahindra Bank has cut mortgage rates …
Due to the focus on increasing FDI in the insurance sector, an important aspect of the Insurance Amendment Act of 2015 went unnoticed. This clause makes it easier for the relatives of the insured to claim the insurance product once the insured is discharged. This clause avoids the possibility of disagreement between family members on …
Existing illnesses are those suffered by the insured when contracting new medical insurance. The IRDAI defines pre-existing illness as a) any condition, illness, injury, or ailment diagnosed by a physician in the 48 months prior to the effective date of the policy issued by the insurer or its reimbursement; or b) for those within A …