Furniture and Fixtures Can Save You Tax and Stamp Duty, but Only If You Do It Right Way Buying or selling a property in India is a complex process, and the tax implications can be daunting. However, a tax-saving idea has been circulating in the property market–declaring furniture and fixtures as personal effects during a property sale. This approach aims to reduce the tax on capital gains by declaring the property sale at a lower […]

Sebi’s Proposal for Improved Price Discovery in Investment Firms Investment companies play a vital role in the corporate landscape, facilitating ownership structures within conglomerates. Valuing Investment Companies and Investment Holding Companies (ICs/IHCs) can be intricate due to their diverse portfolios of listed and unlisted entities. Here’s how Sebi’s proposed auction method aims to enhance price discovery in this sector. Challenges in Valuing ICs/IHCs Evaluating ICs/IHCs involves assessing a mix of controlling and non-controlling interests across […]

Sebi Launches Saarthi 2.0 App for Personal Finance Introduction Sebi, the capital markets regulator, has unveiled the Saarthi 2.0 app, catering to the evolving needs of investors by offering comprehensive tools to simplify intricate financial concepts. Enhanced User Interface and Tools The updated Saarthi 2.0 app features a user-friendly interface, making complex financial concepts accessible. It includes financial calculators and modules that elucidate KYC procedures, mutual funds, ETFs, and stock exchanges. Empowering Investors with Reliable […]

Credit Card Issued Without Your Consent: What You Should Do Recent Developments: The Reserve Bank of India (RBI) has introduced restrictions to protect consumers from unsolicited credit cards, ensuring that individuals are safeguarded against unwanted debt and identity theft risks associated with unauthorized card issuance. Features and Benefits: Refusal to activate the card to prevent unforeseen expenses or fraud Contacting the card issuer to report the unsolicited card and request closure if necessary Issuers violating […]

Sebi Proposal: Allowing Indian Mutual Funds to Invest in Overseas Funds with Exposure to Indian Markets   Sebi, the capital markets regulator, is deliberating on the possibility of permitting Indian mutual funds to invest in overseas mutual fund units that have exposure to Indian securities, a move aimed at leveraging India’s strong economic growth prospects. Presently, mutual funds in India are not explicitly authorized to make such investments, leading to limitations in capitalizing on this […]