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Location American Market News for 1 January 2025
Filing ITR: Last 90 days to claim tax exemption via investments for fiscal year 2025. Check details here ITR: To claim a tax deduction in FY25 for which you would file an income tax return (ITR) before July 31, the investment must be made in the financial year ending on March 31, 2025.
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PPF: From 12% to 7.1% - Why this once sought-after tax-saving scheme no longer attracts middle-class investors While PPF used to offer 12 per cent interest in April 1999, it started declining with the turn of the 21st Century and following this, the interest rate fell every year, before settling at 7.1 per cent in April 2020 - wh...
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It isn't always easy for us to be content staying put. The answer may be to look for adventure in our own backyard.
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Why diamonds are not forever. Lessons from two decades of zero returns. Experts share investing lessons from diamonds' two-decade-long price stagnation and whether modern-day assets like cryptocurrencies are headed the same way.
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EPS rule tweak: Starting today, pensioners can withdraw pension from any bank branch across India. Check latest norms The new policy comes into force with the introduction of the Centralised Pension Payments System, and the rollout is expected to benefit 78 lakh EPS pensioners.
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How Five Pros Are Inflation-Proofing Their Investments

Wall Street Journal - 1 Jan 2025 12:30
Some on Wall Street think the fight to stabilize prices isn't over yet.
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Attention taxpayers! You can now claim Section 87A rebate in updated ITR-2 and ITR-3 forms The Income Tax Department is allowing eligible taxpayers to claim the section 87A tax rebate in updated ITR forms. This follows a Bombay High Court directive to extend the deadline for revised or belated returns.
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Are you pre-approved for a consumer durable loan? Here's how to check. Pre-approved loans offer a quick and easy way to finance your purchases. Learn how to check your eligibility, the benefits they offer, and what to consider before applying.
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The cost of delayed financial action and how to avoid it Think about that one important financial task which you have been procrastinating for a long time to act upon and what is that first step you can take around it
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New deadline to file belated/revised ITR extended to 15 January for resident taxpayers The Central Board of Direct Taxes (CBDT) has extended the last date for furnishing Belated/ Revised return of income (ITR) for the Assessment Year (AY) 2024-25 for Resident Individuals, the CBDT stated in a notification.
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SEC Writes Off $10 Billion in Fines It Can't Collect

Wall Street Journal - 1 Jan 2025 04:00
Internal data shows securities enforcers bring in far less money than their cases indicate.
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