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Market News

Location American Market News for 4 July 2021

Ransomware Is the IRS of Bitcoin

Wall Street Journal - 4 Jul 2021 15:00
It doesn't really matter how inconvenient it is to pay in bitcoin when you don't have any other choice.
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Investors have started storing billions of dollars at the Federal Reserve each night, and no one is quite sure what it means. For answers, many turn to a Credit Suisse analyst known for accurately predicting the movement...
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Look At The Data, It Shows Federal Unemployment Supplement Is The Bad Actor The state Continuing Unemployment Claims data (CCs) appear to be overwhelming in their indictment of the current federal supplemental $300/week unemployment benefit.
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In Translation: At first glance, the phrase doesn't make sense. Here is how Wall Street turns bad news into good.
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Know these rules before filing ITR if you had pay cuts or withdrew PF If your salaries were deferred, you must ensure that you have paid the right amount of tax on your salary income
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Accretions in PF accounts during breaks in jobs are taxable As per section 10(12), read with rule 8 of part A of fourth schedule of the Income Tax Act, 1961, the accumulated PF balance due and payable to the employee is exempt from tax if he has rendered continuous service for fi...
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Even minors above 10 can open an account under post office monthly income scheme You can close a POMIS account by submitting an application and the passbook at the post office with the account
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Pandemic's impact not too harsh on the macro level

livemint.com - 4 Jul 2021 19:06
Pandemic's impact not too harsh on the macro level Households and corporates preferred safety of bank deposits even when rates of interest fell
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Stocks This Week: Buy Juniper Networks And M&T Bank Stocks are due to extend the rally. Here are long recommendations.
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Real Estate Shows Tech Is No Holy Grail

Wall Street Journal - 4 Jul 2021 16:00
The value of technology--or lack thereof--is something that online real-estate investors will want to consider as they place their bets in a crowded field.
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48 Dividend Hikes To Watch For This Summer

Forbes - 4 Jul 2021 15:40
48 Dividend Hikes To Watch For This Summer I've been drawing up a roadmap of how income investors like us can fend off inflation's impending march.
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Mutual Funds vs. ETFs: What You Need to Know

Wall Street Journal - 4 Jul 2021 14:25
The differences in costs, performance, how you buy them--and more.
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For Some Millennials, a Starter Home Is Hard to Find

Wall Street Journal - 4 Jul 2021 11:30
A shortage of small, single-family homes leaves some first-time buyers frustrated and out of luck in a hot housing market.
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Transfer of rental income to HUF: What are the income tax provisions? Since members including the daughter-in-law are specified relatives of the HUF, the HUF will not have any tax liability in respect of the rental income so received
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House sale: What is the deadline to invest in capital gains bonds to save tax? In case you wish to invest in capital gains bonds of specified financial institutions to avail the exemption under Section 54E, you have to make the investment in these bonds within six months from the date of sale
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I sold some land. Which ITR form should I use

livemint.com - 4 Jul 2021 06:42
I sold some land. Which ITR form should I use Any profit arising from sale of a capital asset is taxed as capital gains under the income tax laws
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Sukanya Samriddhi Yojana, PPF, Bank FD: How is interest income taxed? Sukanya Samriddhi Yojana (SSY), Public Provident Fund (PPF), Bank FD are safe investments irrespective of not so lucrative returns
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