If you have received a Diwali gift from your employer, you may be required to pay gift tax on it. But not all recipients of festive gifts are required to pay gift tax.

With the depreciation in rupee and the downtrend in the equity markets, investing in offshore funds has become lucrative.

Investors are often confused between value investing and growth investing. There are fundamental differences between these two strategies of investing. Let us try to understand the differences between the two and what they entail for the investors.

The Modi government is now at loggerheads with the Reserve Bank of India (RBI) over transfer of the central bank’s reserves to the government. 

If you are unable to pay up even after six months, the lender will give you a two-month grace period to pay up your overdue loan instalments. But if you are still unable to pay the instalments during the grace period, the bank will start recovery proceedings against you.

The Insurance Regulatory and Development Authority of India (IRDAI) on October 26, 2018, proposed significant changes in life insurance policies that will provide considerable benefits to the policyholders. 

If one of your relatives, friends or office colleagues asks you whether you could become a ‘guarantor’ for a home loan he is applying, you may obliged to reply in the affirmative.

The joint term insurance plan offers the facility of protecting you and your spouse with a single life insurance policy. The policy can be bought by working couples or by couples where one spouse is a homemaker.

By now, all income taxpayers would have received an intimation from Income Tax (IT) Department under Section 143(1) giving details of either the refund payable by the IT department to the taxpayer if the tax paid/deducted exceeds the tax liability of the taxpayer, or asking the taxpayer to pay the balance amount of tax payable by the assessee, if the tax deposited by the assessee is less than the amount computed by the IT department.

If you have defaulted your credit card payment for more than six months, you would get a statement which reads “credit charge-off”. So what does it mean? Does it mean that your payment is “waived” by the company and you no longer have to pay the debt?