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The card has both an initial fee and an additional annual fee that may be waived. Fees Annual Fee (one time): Rs. 499 Renewal Fee (per annum): Rs. 499 from second year onwards. Renewal Fee reversed if annual spends for last year >= Rs.1,00,000 Add-on Fee (per annum): Nil However it does potentially offer an interest free period E. Interest Free Grace ...


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An equivalent of 'Total Stock Market' index in India would be 'Nifty 500'. It represents 97% of all stocks listed on NSE. Unlike S&P 500, which is solely composed of large-cap stocks, due to India's relatively smaller market size, Nifty 500 includes companies of all sizes - large-cap (76%), mid-cap (18%) and small-cap (6%). The only thing you miss is ...


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I was watching a YouTube movie the other day when I saw FamPay and Akudo advertisings. Minors can use FamPay to make UPI, P2P, and card payments without having to have a bank account. FamPay allows parents to transfer money to their children under the age of 18, which they may spend safely at any time and from any location under the supervision of their ...


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"Long Term Capital Gain (STT not paid and booked profit is less than double of Index Profit)" sounds cryptic but actually it helps you decide between B2 and B3.Let me explain. You can either pay 10% of booked profit (selling proceed - cost of acquisition) or pay 20% of index profit (selling proceed - cost of acquisition with indexation). Let us say ...


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You don't get a reduction of taxable income for gifts given to anybody, but, in general, gifts are taxable income for the recipients (with some exemptions such as wedding gifts). For jewelry, gifts above INR 50,000 are taxable (at rates applying to "Income from Other Sources") at Fair Market Value. However, gifts from relatives are exempt from ...


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