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UNCLAIMED MONEY IN SAVINGS ACCOUNT
Husband trades through wife’s demat account, incurs Rs 1.95 crore loss; tax dept sends notice over clubbing of income, ITAT Lucknow grants him reliefA husband's attempt to offset substantial stock market losses against his income was initially rejected by tax authorities. Despite trading...- Not wealth creation or investing: Bengaluru CA shares one 'middle-class' financial lesson from her father she never forgotA Bengaluru chartered accountant shared a profound Father's Day message, revealing her father's most valuable financial lesson wasn't about...
- The smartphone is becoming India’s most important financial advisorIndia's financial landscape is rapidly digitizing, with smartphones becoming central to everyday money management. Once separate, banking a...
- Amish proverb of the day: ‘It’s not what you make but what you save that gets you out of debt’ - How you can build financial freedom even with a low incomeAmish life lesson: Amish proverb of the day offers a profound financial lesson for low-income earners. This wisdom emphasizes self-discipli...
- Your father earned far less but built more wealth. Bengaluru CA explains how they turned their money into assetsMany high earners today struggle to build wealth, despite significantly higher incomes than previous generations. Chartered accountant Meen...
- Psychology says adults who save money in jars or piggy banks are not old-fashioned: Why physically seeing money grow gives the brain a sense of control and securityPsychology suggests that adults who save money in jars or piggy banks are rarely being old-fashioned. More often, they are responding to a ...
- Quote of the Day by Johnny Carson: ‘The only thing money gives you is the freedom of not worrying about…’ - why wealth and happiness aren't the same thingQuote of the Day by Johnny Carson highlights that money's true gift is freedom from financial worry, not guaranteed happiness. In an era of...
- Trinamool crisis deepens amid fund probe row, key resignationsA political storm is brewing in Kolkata as dissident Trinamool MLAs, led by Ritabrata Banerjee, have lodged a police complaint demanding a ...
- NRE vs NRO income tax rules: How these NRIs, OCIs can save up to Rs 20,500 on $10,000 FD investmentNRIs can significantly reduce tax on NRE deposits in India, as this income is tax-exempt. While NRO account interest is taxable in India, N...
- Indian man opens bank account in UAE on an app, two months later, wins Rs 5 crore rewardUAE Lottery: An Indian-origin man, Shajeer Venga, has won 2 million AED in Sharjah Islamic Bank's 'Millionaire' campaign after opening a sa...
- CA says one look at your bank statement can reveal whether you're building wealth or just looking richChartered Accountant Nitin Kaushik suggests your bank statement reveals true financial priorities. He argues that where your money went las...
- What should international students know about Germany's blocked account requirement?Germany requires international students and job seekers to open a blocked account, known as a Sperrkonto, to prove financial self-sufficien...
- Why keeping your AC on while away could actually save moneyExperts suggest leaving your air conditioner on at a higher temperature when you step out. This can save electricity and money by preventin...
- How a writer saved Rs 55,000 a year using 21 credit cards without paying interestA freelance translator uses 21 credit cards as a financial tool, saving Rs 50,000-55,000 annually by optimizing spending. Through meticulou...
- Your SIPs won't save you if you're making these everyday money mistakes, warns CAChartered Accountant Nitin Kaushik argues that many individuals focus on investment returns while overlooking significant financial leaks. ...
- Son emerges after father’s death, secures house keys, step uncle challenges it and prevails; HC says only civil court can decide property rightsA property dispute between a deceased man's son and his stepbrother has reached the Calcutta High Court. The court has ruled that only a ci...
- Residents tempted to gatecrash FCNR party for NRIsWealthy Indians are finding ways to benefit from a new foreign currency deposit scheme. They are sending money to NRI relatives as gifts to...
- Government launches portal to trace unclaimed bank deposits, insurance policies, mutual funds: How to access
- Financial fixes and high-yield savings: Are you missing the easiest ways to save more and spend less?More than half of savers still earn under 3% interest, while many households lose around $200 yearly on unused subscriptions. These financi...
- Have unclaimed deposits, insurance, mutual funds? Government launches single portal to trace forgotten assetsThe Ministry of Finance has launched a new portal to help citizens find forgotten money. This initiative, called 'Your Money, Your Right', ...
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