You are here: Home >> English News & Features >> Business & Economy

Taxpayers with reverse mortgage loan get I-T benefit

DNMUM425771 | 11/8/2018 | Author : Chirag Nangia | WC :251

Ask the Expert Personal Tax
Personal Finance

I am currently working in India. Since I have got admission for MBA in Singapore I will be moving there soon. Can I continue to contribute to my PPF in India or should I close it? What will be the tax implications? The account is two years old. I had opened it when I started working. —Hrishikesh Khanvilkar
As per the prevailing laws, a person whose residential status changes from Resident Indian to non-resident Indian is allowed to continue his PPF account till its maturity. 
Though, the situation may change as the government in 2017 had issued a notification which provided that PPF account opened by a resident who subsequently turns to non-resident, shall deem to be closed from the date of change of residential status fr
Read full story



Copyright restricted. Under license from www.dnasyndication.com   
Add To Lightbox
Calculate Price

More on Business & Economy

Don’t get swayed by news while investing
DNMUM430410 | 1/22/2019 12:00:00 AM | Author : Anuj Shah | WC :333

For most past of January 2019, the Nifty 50 index continued to consolidate between 10,600and 10,950 and we believe this trend to continue for a few more sessions. Even positive news flows from global as well as domestic news flows didn’t help the Nif
Add To LightboxCalculate Price

Sticking to financial resolutions is not impossible
DNMUM430411 | 1/22/2019 12:00:00 AM | Author : Arun Thukral | WC :458

According to a study, saving money is one of the top five New Year’s resolutions but is also one of the most commonly failed one. If you too find it difficult to see your financial resolutions through, below are a few steps to help you stay on track:
Add To LightboxCalculate Price

Make sure you claim these tax exemptions
DNMUM430412 | 1/22/2019 12:00:00 AM | Author : Kumar Shankar Roy | WC :1278

It is not just investments that can help you save tax. There are various payments that everybody does throughout the year that can help you get chunky income tax exemptions. It is important to keep original receipts so that you can use them to cla

Add To LightboxCalculate Price

Start-up ideas get wings at IIT Bombay’s E-Summit
DNMUM430413 | 1/22/2019 12:00:00 AM | Author : DNA Money Correspondent | WC :502

Mumbai: From corporate giants to new-age ventures in attendance, IIT Bombay’s E-Summit was a potpourri of events that comprised a job fair, a start-up expo, competitions, workshops and sessions with prominent speakers, investors, industrialists and p
Add To LightboxCalculate Price