The Income Tax (IT) department can impose penalty on a taxpayer who resorts to under-reporting or misreporting of income under Section 270A of the IT Act. This section was introduced in the Union budget of 2016.

Insurance companies, of late, have started offering out-patient department (OPD) cover with health insurance policies. TheOPD cover, which comes as an additional feature of the health insurance policy, offers reimbursement of expenses such as ambulance charges, diagnostic tests, prescribed and over-the-counter medicines, preventive health check-ups, etc.

When people want cash on an urgent basis for a short period of time, they usually think of taking a personal loan or a gold loan to tide over the temporary cash crunch. But there is another alternative which is quite popular among business persons, but it has not quite caught the attention of the general public. This is the overdraft facility.

If you are in your early 50s and have not planned for your retirement income yet, it is high time you start your retirement planning seriously. But how does one go about planning for retirement? Here are a few simple steps that will help you to provide adequately post retirement.

Health insurance policies offer tax benefit of Rs 25,000 per year (Rs 50,000 for senior citizens) under Section 80D of the Income Tax Act. To avail this tax benefit, policyholders have to make sure that they do not violate the conditions of tax exemption knowingly or unknowingly.

The stocks that are likely to witness a significant movement on the bourses on Monday, May 14 are Aditya Birla Fashion and Retail Limited, Godrej Agrovet Limited, The Federal Bank Limited, Gammon India Limited and Dynamatic Technologies Limited.  

Khadim India's standalone revenue for the quarter came in at Rs 196.365 crore, registering an increase of 31.1 per cent YoY.

Gabriel India reported strong set of numbers across the board with strong revenue and bottom-line. The total revenue for the quarter rose by 16.1 per cent yoy and 11.1 per cent qoq to Rs. 497 crore in Q4FY18 vs Rs. 428 crore in Q4FY17 and Rs. 447 crore in Q3FY18, while on a full-year basis to Rs. 1,093 crore in FY18 vs Rs. 636 crore in FY17.

Despite the positive closure of 0.8 per cent in the benchmark indices, market breadth remained slightly weak with 1,123 advances and 1,542 declines. This was in the wake of relative underperformance from the broader markets. There has been a tremendous divergence in both since the start of May 2018.

Maruti Suzuki country’s largest passenger car manufacturer plans to sell 2.5 million units annually by 2022-23 and 5 million units by end of 2028. The company provided a bullish outlook for the passenger vehicle segment for the long term.