You could be missing thousands in pension tax relief – here’s how to claim it
The deadline for self-assessment is coming up fast and many people will be gearing up to hand money to the taxman. However, for others, it’s time to give their pensions a boost as they reclaim unpaid tax relief on their pension contributions. It’s an issue that is not well understood, and risks people missing out […]
Prediction markets are booming. How to tax winnings is anyone’s guess
Polymarket banner outside the New York Stock Exchange on Oct. 7th, 2025. Kevin Stankiewicz | CNBC Prediction markets are booming, with monthly trading in the billions and a recent estimate from a consulting firm saying that the relatively new phenomenon could grow to $1 trillion by the end of the decade. That’s a lot of […]
How to build passive income
It’s the time of year when passive income becomes a buzzword. People look out of the window from their desk and think: “Wouldn’t it be nice to spend the day out there in the sun — and still earn money”. In the UK, we often associate passive income with property, and imagine an easy life […]
Capital gain on property: How to pay lower LTCG tax using indexation benefit
Only transactions that involve real estate house properties are eligible for indexation benefits which can lead to lower capital gains tax in some cases. Previously, other assets were also eligible for indexation benefit. However, Budget 2023 eliminated indexation benefits for debt mutual funds purchased on or after April 1, 2023. Simply put, the indexation benefit […]
How to claim special tax concessions
Mint explains who can claim these benefits on which assets and when. The types of income that qualify for concessions The concessions apply to two specific types of income. “The special tax provisions apply to income from foreign exchange assets such as interest, dividends, etc., or anything derived from specified foreign exchange assets. Long-term capital […]
How to download your dividend statement from HDFC Securities? A step-by-step guide
For investors in India, maintaining a clean and accurate record of dividend income is crucial for proper financial planning and income tax compliance. To meet the same expectations HDFC Securities provides multiple avenues through which dividend statements can be obtained. The objective of providing various platforms to investors for downloading dividend statements is to bring […]
Income Tax: How to e-verify your return? 5 Key points to know
Income Tax (I-T) department released a statement recently saying that the taxpayers must e-verify their return as soon as they can. This is because an income tax return (ITR) is not considered valid unless it has been verified. The tax department’s message pointed out that taxpayers can still e-verify your IT return for AY 2024-25 […]
Personal loans and tax benefits: How to maximize your savings
Personal loans are one of the most commonly used financial tools to address the need for emergency funds, as they can be used for multiple purposes. These are unsecured loans, meaning they do not require any collateral as a guarantee. Compared to other loans, eligibility for a personal loan is less strict, and therefore, it […]
ITR Filing 2024: How to check income tax refund status online using PAN card? A step-by-step guide
The Income Tax Department’s repeated reminders about the July 31 income tax returns (ITR) filing deadline are important. With more than four crore ITRs already submitted for AY 2024-25, it’s evident that many taxpayers are attentive to their tax responsibilities. To check the status of your income tax refund online using only your PAN card, […]
ITR filing 2024: How to check income tax refund status online? A step-by-step guide
The deadline for submitting your Income Tax Return (ITR) for the financial year 2023-24 (Assessment Year 2024-25) is July 31, 2024. Timely filing is crucial to ensure you can claim any eligible tax refunds. Several online resources, such as the Income Tax Department’s website, are accessible to assist you in filing your ITR. After submitting […]