March 2025
Update Your Aadhaar Address Online in Just a Few Minutes ā Hereās How!
Aadhaar is one of the most essential identity documents in India. Whether you need to open a bank account, get a SIM card, or access government services, ensuring your Aadhaar address is up to date is crucial. If you’ve recently moved to a new city or state, updating your address is quick and hassle-freeāentirely online!…
ITR-1 vs ITR-4: Which Tax Form Helps You Save More?
Filing income tax returns can be overwhelming, especially when choosing between ITR-1 (Sahaj) and ITR-4 (Sugam). Selecting the right form not only simplifies the process but can also impact your tax savings. Hereās an easy guide to help you decide. Who Can File ITR-1 and ITR-4? Both ITR-1 and ITR-4 cater to individuals with total…
Understanding Capital Gains Tax on Home Loan Interest
Can You Add Unclaimed Home Loan Interest to Cost of Acquisition? Many homebuyers in India take loans to buy property. But did you know that unclaimed home loan interest can be added to the cost of acquisition while computing capital gains tax? Several court rulings have supported this approach. Changes in Capital Gains Tax Rules…
Key Financial Deadlines in March 2025: Special FDs, ITR, and More
As the financial year comes to a close on March 31, 2025, it’s essential to complete crucial financial tasks to maximize savings, lock in favorable fixed deposit (FD) rates, and activate your UAN for EPF-linked insurance benefits. Hereās a rundown of the important deadlines you shouldnāt miss this March. Special Fixed Deposits (FDs) The recent…
NPCI Introduces ‘Transfer Out’ Feature for UPI Lite: Everything You Need to Know
The National Payments Corporation of India (NPCI) has introduced a new feature called āTransfer Outā for UPI Lite. As per the circular dated February 21, 2025, all issuer banks, PSP Banks, and UPI Apps must implement this feature by March 31, 2025. What is the ‘Transfer Out’ Feature? The ‘Transfer Out’ functionality allows users to…