TAX FREE BOND INTEREST RATE

Documents required for ITR filing: 10 documents you need to file income tax return

Documents required for ITR filing: An individual should collect all the required documents such as Form 16, bank account statements, capital gains statement, depending on the incomes they have to make the ITR filing process easier. Here is the list of 10 documents that a taxpayer might need to file their income tax return this year.

How labour party’s election vows stack up for UK markets

Labour party unveils manifesto to control debt, boost homebuilding, and upgrade infrastructure. UK stocks and sterling rally ahead of election.

RBI using forex market tools to ease liquidity tightness

RBI uses forex tools to inject cash into banking system ahead of large outflows due to advance tax payments, keeping borrowing costs low and increasing reserves without impacting inflation-fighting stance.

SBI hikes FD interest rates. What should debt mutual fund investors do?

SBI have increased FD interest rates, offering guaranteed returns. Investors should consider their goals and risk tolerance before switching from debt mutual funds to FDs.

FPIs take out Rs 14,800cr from equities in Jun on poll results, attractive Chinese stock valuations

​ Foreign investors withdrew nearly Rs 14,800 crore from domestic stocks in the first week of this month, influenced by India's Lok Sabha election results and attractive valuations of Chinese stocks.

Insurers lap up GSec derivatives to manage liabilities

Global funds and insurers are showing strong demand for Indian government bonds, particularly ahead of their inclusion in a JP Morgan index. Insurers are increasingly interested in Bond Forward Rate Agreements (Bond-FRA) to manage long-term liabilities, with significant trading activity reported by Clearing Corporation of India (CCIL).

Leading Indian hedge fund Avendus Capital sees banking as a top bet

Avendus Capital CEO Holland uncertain about pre-budget rally, mentions potential capital gains tax change ahead of India's full budget presentation in July

Should you invest in tax-free bonds?

In order to take a decision to invest in tax-free bonds, Gaurav must weigh its features against other investments. As an investment providing tax-free income, these bonds may fare well when compared to bank fixed deposits and debt mutual funds.

Investors bought Rs 27,000 cr of sovereign gold bonds in FY24: RBI report

Sovereign gold bonds have caught the fancy of investors who bought Rs 27,031 crore worth of the bonds last fiscal, an amount more than four times invested in 2022-23 on the prospects of higher returns and tax benefits.

FPIs may adopt a cautious stance until the election results are clear

Foreign Portfolio Investments (FPI) in India may see a cautious approach until the election results are clear. India's economic performance attracts FPI flows driven by factors like interest rates, inflation, and GDP growth, along with a stable political environment.

Govt's cash balance surges, banks starve

The ongoing general elections have led to a surplus in government cash balances, impacting the banking sector due to reduced spending. The Centre's adoption of efficient fund management practices has resulted in over ₹3 lakh crore in cash balances, affecting borrowing costs and liquidity in the market.

IMF warns Britain against more pre-election tax cuts

The IMF warned Britain's government about missing its debt target and advised against tax cuts before the election. It increased the economic growth projection for 2024 to 0.7% and suggested interest rate cuts by the Bank of England. Inflation returning to the BoE's target and a forecast of a 'soft landing' after a recession in 2023 were highlighted.

No tax exemption on concessional or interest free loan from the employer, not even for bank employees, says SC

Tax on concessional interest rate loan: The Supreme Court of India has stated that bank employees have to have income tax if they have availed loan from their employers at concessional interest rate or interest free rate. However as per our calculations, even if bank employees pay income tax on this loan, they will still have some savings.

SBI hikes FD interest rates but still less than what these 313 debt mutual funds have offered

SBI raises fixed deposit rates by up to 75 basis points, effective May 15, yet falls short compared to over 300 debt mutual funds offering higher annualized returns of 6.47% to 11.60%.

Best arbitrage mutual funds to invest in May 2024

There is no change in the list this month as all schemes have retained their place in the list. Watch out for our monthly updates to ensure your schemes are faring well.

Two debt mutual funds deliver over 7% return in one year. Should you break your bank FD?

Liquid and money market funds have outperformed the one-year fixed deposit rate of 6.8%. Liquid funds yielded 7.13% returns, while money market funds delivered 7.15% over the past year.

5 things to know before investing in Sukanya Samriddhi Yojana (SSY): Eligibility, documents required and more

Families with a girl child under the age of 10 are increasingly opting for SSY accounts. SSY enjoys a relatively higher interest rate and sets aside a corpus that can be used for the daughter’s education or marriage.

SC holds bank employees' interest-free loans taxable as fringe benefits

The Supreme Court has ruled that interest-free or concessional loans given by banks to their employees will be considered "fringe benefits" or "amenities" and therefore taxable. The court argued that these benefits are unique to bank employees and are in the nature of a "perquisite," thus liable to taxation. The court upheld the income tax rule, but deemed the fixation of SBI's interest rate as the benchmark to be neither arbitrary nor unequal exercise of power.

Worsening US debt outlook seen more in gold and bitcoin than in bonds

Concern about the rapidly rising U.S. government debt is partly behind recent surges in gold prices and bitcoin, even as the Treasury market so far remains relatively sanguine about the country's fiscal path, market observers say.

RBI Floating Rate Savings Bonds likely to offer 8.05% interest from July 1, 2024; is it the right time to invest?

The interest rate of RBI Floating Rate Savings Bonds 2020 (Taxable) is not fixed. It is linked to the National Savings Certificate (NSC), a small savings program offered by the Union government. The RBI Floating Rate Savings Bonds offer an interest that is 0.35% higher than the prevailing interest on the NSC. The interest rate on Floating Rate Savings Bonds is reset every six months and due on July 1, 2024. What will be the interest on the RBI Floating Rate Savings Bonds 2020 from July? Should you invest in RBI Floating Rate Savings Bonds 2020 now? Check details.

Tax-free bonds: All you need to know

Tax-free bonds earn a fixed interest rate which is tax-free in the hands of investors. Text: Centre for Investment Education and Learning (CIEL)

Sukanya Samriddhi Yojana offers 8.2% rate now; will SSY interest rate be fixed for the entire tenure?

Sukanya Samriddhi Yojana (SSY): Interest on SSY is credited to the account at the end of each financial year and is based on the prevailing interest rate announced by the government for each quarter. For January 2024-March 2024 quarter the interest on SSY is 8.2%. Read here to know how the interest on SSY is calculated.

8 benefits of investing in Sovereign Gold Bonds (SGB)