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How much gold can you keep at home? Do you pay income tax on selling gold? Here are the rules

Gold Purchase, Storage and Tax Rules In India: The government has established rules regarding the purchase and storage of gold in India. According to these regulations, a married woman is allowed to keep up to 500 grams of gold at home.


Budget 2024 plugs rental income loophole, property owners cannot declare house rental income as business income

The new rule in Budget 2024 may increase the tax liability of property owners. Sale of property of ₹50 lakh involving multiple sellers, buyers to attract TDS


Thinking of buying a house? Ask yourself these questions before

The process of buying a house comes with its fair share of stress. Given that it is one of the most expensive purchases one is likely to make in their lifetime, decisions around have to be taken with utmost care.


Budget 2024: These 4 TDS changes announced by Nirmala Sitharaman will impact you

Budget 2024: Finance minister Nirmala Sitharaman announces changes in TDS framework, impacting salaried individuals.


Will Nifty test 23,800 level after government hikes capital gains tax? See GIFT Nifty, FII data, F&O ban, crude, more before market opens

GIFT Nifty traded down by 72 points or 0.29% at 24,399 indicating a negative opening for domestic indices NSE Nifty 50 and BSE Sensex. Here's a look at things to know before markets open on Wednesday July 24, 2024.


I thought I was smart to keep money in 3 savings accounts, but I'm much happier now — and earning more — with just one

Keeping money in several savings accounts for different goals seemed like a good idea, but it was costly and was often a big hassle.


From BMW Car To Rs 70 Crore Mumbai Home, A Look At South Star Suriya’s Net Worth

Suriya is one of the most versatile actors in the Tamil industry. It all started for the actor when Ajith Kumar dropped out of Vasanth’s directorial Nerukku Ner. Suriya replaced the actor to make his debut. Suriya, the son of veteran actor Sivakumar, initially played smaller roles to cement his place in the industry. Things started turning in Suriya’s favour and he started earning good; on the other hand, his fan numbers started increasing. From...


Budget Delights: 30 stocks poised to benefit from FM Sitharaman's announcements

Despite maintaining steady capital expenditure and fiscal deficit targets, analysts predict that significant tax policy changes, particularly the increased LTCG, STCG, and STT rates, will affect market sentiment. However, the introduction of new income tax benefits under the new tax regime offers some relief to taxpayers, potentially mitigating the negative impact on market sentiment.


Latest NPS rules 2024: How much tax will you save with new NPS contribution benefit under new regime after Budget 2024?

Latest NPS benefits under new tax regime after Budget 2024: If your basic salary is Rs 1 lakh, your employer can contribute Rs 10,000 (10% of basic pay) to the NPS on your behalf, which is exempt from tax. This deduction will be increased to Rs 14,000.


Budget allocation to Delhi stagnates at Rs 1,168 cr; Atishi slams Centre

New Delhi, Jul 23 (PTI) The allocation for the Government of National Capital Territory of Delhi (GNCTD) in the Union budget 2024-25, presented in the Lok Sabha on Tuesday, remained stagnant at Rs 1,168 crore, the same amount allotted in 2023-24


Explained: What is UPI One World wallet; how to use, benefits and all other details

NPCI introduced 'UPI One World,' a digital payment solution for international tourists in India. Partnering with IDFC First Bank and Transcorp International, the wallet removes the hassle of handling cash. Attendees of the World Heritage Committee meeting will also access this service.


Big News! Over 70% intra-day traders lost money in FY23, participation rate jumps 300% says SEBI

SEBI report shows 7 out of every 10 traders have lost money and the proportion of loss-makers rose to 80% for frequent traders with over 500 trades per year


STT on F&O: Breaking down cost impact per contract on Index futures and options

The Budget proposal to hike securities transaction tax on derivatives trades has got market participants worked up. The consternation is understandable, as STT has to be paid irrespective of whether the trade results in a profit or loss. A higher STT means the breakeven threshold for a derivatives trade has increased. STT on the sale of an option in securities has been raised from 0.0625 percent to 0.1 percent of the option premium, and on the...


Budget 2024: Deloitte says India defies global economic headwinds, lists 7 key growth indicators. Check here

Despite a challenging global economic landscape, India's economy has not only weathered the storm but thrived. The Union Budget 2024 revealed a resilient and dynamic economy, according to a Deloitte report.


Should You Install A Solar Panel On Your Roof Top? | Complete Installation Guide

Homeowners who install solar power systems can receive numerous benefits: lower electric bills, lower carbon footprints, and so on. But is it the same for everyone? Can you too benefit from a solar panel? Watch this video to find out what are the subsidies, and the process of getting a solar panel installed.#solarpanel #electricity #cleanenergy Moneycontrol is India's leading financial and business portal with in-depth market coverage, analysis, expert opinions, and a gamut of financial tools.A part of Network18, moneycontrol.com is the most influential destination for stock market news and advice, business news, and news about the Indian and global economy.Subscribe: https://bit.ly/moneycontrolyoutubeFollow us:Visit https://www.moneycontrol.com/Facebook: https://www.facebook.com/moneycontrol/Twitter: http://www.twitter.com/moneycontrolcomInstagram: https://www.instagram.com/moneycontrolcom/


Budget 2024: How will EPFO enrolment benefit first-time employees? FM Sitharaman proposes 3 schemes

Budget 2024: FM Sitharaman unveils three schemes to benefit first-time employees through EPFO enrolment, including subsidies, job creation incentives, and employer support.


Man Wins Rs 8.3 Crore Jackpot After Dreaming About Lottery

An American man has credited his dream about playing the lottery for his $1 million jackpot win – that’s about Rs. 8.3 crore. Howard Kendall Jr., of Plymouth, said he dreamt of buying a 4,000,000 Diamonds scratch-off ticket worth $10, and took the cue, according to Massachusetts Lottery.


Indian-origin CMO's advice for job seekers: 'work any hours, any pay’ slammed by internet

Squarespace’s Chief Marketing Officer, Kinjil Mathur, has urged Gen Z to work "any hours, at any pay" to gain essential experience. Mathur, an Indian-origin executive based in New York, shared her insights on the current job market during a recent interview with Fortune, drawing mixed reactions from both younger and older generations, when it went viral on social media. Mathur, who started her own career during a tough job market in the early...


Struggling with high credit card debt? Here are 5 tips for you

With the right strategies, you can tackle your credit card debt and regain control of your finances. Here are five essential steps you can check out.


10 tried and tested ways to save money

Discover tried and tested methods to save money effectively and build a more secure financial future...


I invested most of my salary for 7 years and had enough to retire at 29. My best tips: start young, take risks and don't settle in expensive cities.

A former VP at JP Morgan shares how he was able to achieve financial freedom by 29 because of these five things.


Gold Price Today: Check 22, 24 Carat Rate In Your City on July 24

Gold Rate Today In India: On July 24, gold prices in India hovered near Rs 73,000 per 10 grams. This rate includes a premium for the highest purity gold, with 24-carat gold priced at Rs 70,850 per 10 grams. For those interested in jewelry, 22-carat gold, which is more durable due to its slight alloy mix, was priced at Rs 64,940 per 10 grams.The government on Tuesday slashed customs duties on a range of products, including gold and silver.The...


Gold cheaper by Rs 4,000 in a day, bad news for smugglers

Prices of gold and silver in the domestic market tanked on Tuesday after the finance minister proposed to drastically cut import duty on these precious metals from 15% to 6%. Since duty cuts will make it cheaper to import these metals, supply through the import channel could increase, leading to drop in prices soon, market players said. This, in tu...


Rs 3.5 Lakh Net Worth Makes You Richer Than 50% Of The World: Study

To be in the top 10 per cent of the world’s population, you may not need as much money as you think. According to the Credit Suisse Research Institute’s 2018 Global Wealth Report, you don’t even need six figures.A net worth of $93,170 (Rs 77,98,110) is enough to be richer than 90 per cent of people in the world, reports Credit Suisse. The institute defines net worth, or “wealth,” as “the value of financial assets plus real assets (mainly real...


It is never too early to introduce kids to money concepts

When six-year old Dwita Das used to go and play in the garden about a couple of years ago, she would ask her mom for candies. Her mom would give her five rupees and the shopkeeper would lay down the different options she had- candy and gold coin chocolate, which were the only things that were available for five rupees.Dwita would be happy with that, but when she asked her mom for chocolate that cost ₹10 or ₹20, her mom told her that she could...


The housing market is poised to loosen up as inventory climbs and prices cool, Fannie Mae says

The number of homes for sale is up 30% from levels last year, according to Fannie Mae.


'Easiest Passive Income Ways': According to Forbes - LIST

The realm of digital entrepreneurship best captures the trend away from traditional employment. In the realm of digital passive income, the following are some profitable options:


Ford stock slumps 10% after larger-than-expected Q2 loss

Ford Motor Company (NYSE: NYSE:F) reported a significant profit miss for the second quarter, with adjusted earnings per share (EPS) of $0.47, falling short of the analyst estimate of $0.68. The company's revenue for the quarter reached $47.8 billion,...


10 Degree Subjects Most Likely to Make You a Billionaire

Becoming a billionaire isn't certain, but certain college degrees can set you up for careers where you could make loads of money. Here are 10 degrees that are often connected to billionaires:


4 bullish signals are pointing to more stock gains ahead, according to Bank of America

"Rotation, which is the lifeblood of a bull market, suggest that the SPX hit last week's highs from a position of strength, not weakness," BofA said.


Budget 2024: Modi 3.0's first Budget slashes corporate tax rates for foreign firms to deal another blow to China

Modi 3.0's first Budget aimed to boost India's economy by cutting tax rates for foreign companies, attracting more overseas investors amidst the global supply chain shift from China. The move aligns with India's goal to reach a $5 trillion economy, emphasising FDI and positioning India as a global manufacturing hub. India's ambitious vision to become a global manufacturing hub relies on a comprehensive approach, including policies like PLI,...


I managed billions at JP Morgan but lived paycheck to paycheck. I finally got control of my finances by doing these 7 things.

After always maxing out her credit card in her 20s, Anne Lester learned some easy savings tricks as the head of retirement solutions at JP Morgan.


Math made easy: Ten strategies to overcome anxiety

Here are ten strategies to overcome math anxiety. Check the complete guide.


Mutual fund SIP of Rs 25,000 per month can help you buy house: Here's how

Have you ever embarked on a road trip without a specific destination in mind? While it may initially seem exciting, you eventually come to realize that knowing where you're headed is essential for fully enjoying the journey. Similarly, financial goals function in this manner, offering a clear path to ensure that your financial journey ultimately leads to a fulfilling destination.


L&T sees prospective order pipeline of Rs 9 trillion in FY2024-25, says CFO

The management of Larsen & Toubro (L&T) on July 24 said that there are opportunities worth Rs 9 trillion from project orders that the company will look to bid for in the ongoing financial year. "As we look ahead, we see a very encouraging order prospect pipeline. And if you were to quantify that opportunity, it indicates a prospective pipeline of over Rs 9 trillion," L&T's Chief Financial Officer R Shankar Raman said. Shankar Raman , while...


15 best financial planning hacks every millennial should know

Key financial tips for millennials include gaining financial literacy, minimizing credit card usage, budgeting effectively, investing 20% of income, creating an emergency fund, managing surplus cash, planning for retirement, and managing debt wisely.


New income tax regime: Check how much tax you will pay now

Budget 2024: The changes in tax slabs and the increased standard deduction aim to make the new tax regime more attractive.


Hitachi Energy India Q1 profit jumps 4-fold to Rs 10 cr

Hitachi Energy India on Wednesday posted four-fold jump in net profit to Rs 10.4 crore for June quarter FY25 mainly due to higher revenues. The company had reported a net profit of Rs 2.4 crore for the year-ago period, it said in a BSE filing.


I had an expert draw up an 18-page plan to take control of my money, and 3 pieces of advice really made a difference

I met with a professional to put together a plan of action, and she had a handful of recommendations that have changed how I see my money.


Capital Gains Tax On Mutual Fund Earnings: How Much Tax You Will Pay On Rs 5 Lakh?

The Union Budget 2024 introduced significant changes to capital gains tax rates, impacting both short-term and long-term capital gains from equity and equity-oriented mutual funds. The revamp of the capital gains tax regime will impact investment decisions and financial planning, ensuring a more balanced and fair approach to taxation.What Has Changed?Nirmala Sitharaman announced two changes to capital gains tax rates that will affect mutual fund...


Penny stock under Rs 15: Company under market cap Rs 200 cr secures Rs 150 cr order

Penny Stock Under Rs 15: A company which has its market cap under Rs 200 crore has won an order worth Rs 150 crore. The said company's shares trade under Rs 15 per equity share. Check details.


Meet C Vijayakumar, The Highest Paid IT CEO In India

HCLTech CEO, C Vijayakumar has earned the title of highest paid IT CEO in the country, after his earnings for 2024 were reported to have an impressive hike. As per an annual report unveiled by the company, his remuneration increased by 190.75 percent YoY. Here are more details on the report. The company released their annual report on July 22, according to which C Vijayakumar’s remuneration was revealed to be Rs 84.16 crore for the year. More...


Japan plans record jump in minimum wage, a 5% per hour hike likely from October

A panel at the Japanese labour ministry has decided to raise the national average minimum wage by about 5% to 1,054 yen ($6.85) per hour this fiscal year, the biggest ever jump, public broadcaster NHK reported on Wednesday.Achievement of sustainable inflation and strong wage growth are seen as prerequisites for the Bank of Japan (BOJ) to raise interest rates from current near-zero levels.Raising the legally binding minimum wage would boost...


Gold, silver, and platinum jewellery to get cheaper after duty cut in Union Budget 2024

Jewellery company shares rise after Finance Minister Nirmala Sitharaman cuts down Basic Customs Duty (BCD) on precious metals like gold, silver, and platinum.


Aprameya Engineering IPO to open tomorrow; price band set at ₹56-58 apiece

Aprameya Engineering IPO opens on July 25 with a price band of ₹56-58 per share. The company specialises in healthcare infrastructure projects and has no similar competitors in India.


From Warren Buffett to Charlie Munger: Investing mantras from 5 legendary investors

Any exceptional investor with a distinct perspective on investing, or a different approach to generating profits from the market, merits respect. You can either adopt it as an investing mantra for future reference or disregard it, potentially missing out on valuable insights for your learning.


Which country receives the most aid from India? Union Budget reveals top 10 beneficiaries

The budget estimate for the Ministry of External Affairs (MEA) for FY 2024-25 is ₹22,155 crore that falls short of revised estimate of ₹29,121 crore FY23-24.


Teach Them Young: Best time and methods to teach kids about money for lifelong success!

For parents, teaching their kids about money, saving and investing might seem overwhelming at times. But knowing when and how to start teaching your child about money and investing can make a big difference in their financial future.


Gold, silver price today, July 24, 2024: Precious metals record hike on MCX

Gold Price Today July 24, 2024: Both gold and silver are trading on the higher side of the Multi Commodity Exchange (MCX) on Wednesday. Check the latest city-wise prices here.


Want to retire rich? Avoid these four financial mistakes when you are young

Starting early on retirement savings is crucial for long-term financial security, taking advantage of compound interest to grow your savings over time