Edison Insurance Log

Now ICICI Bank cuts FD, savings account interest rates; check details

Big relief for flat owners: No income tax payable if you get a new flat in exchange for old, rules Mumbai ITAT The tribunal held that receiving a new flat in exchange for an old one is not taxable under Section 56 of the Income Tax Act. This exchange should merely be considered an extinguishment of rights and not a gift, which would otherwise be taxable

SGB exit: Get 211% tax free returns on SGB investment if applied for premature redemption on April 16, 2025 The redemption price for premature redemption due on April 16, 2025, shall be Rs 9221 per unit of SGB based on the simple average of closing gold price for the three business days i.e., April 09, April 11, and April 15, 2025

Pay GST on society maintenance if monthly charge is more than this and annual collection is above Rs 20 lakh

Don’t be surprised if you get lesser income tax refund this year, the income tax dept is adjusting past dues against this year’s refund

Bank of India cuts FD rates by up to 25 bps on these deposits; withdraws 400-day special FD offering 7.30% interest The bank has discontinued its special 400-day FD scheme, which offered a 7.30% interest rate. Interest rates have been reduced for short and medium-term deposits under Rs 3 crore

SBI cuts FD interest rates on select tenures; introduces revised ‘Amrit Vrishti’ scheme with lower interest rates Simultaneously, SBI has reintroduced its special "Amrit Vrishti" FD scheme for a 444-day tenure with modified rates, offering 7

Just 4 banks lead as Nifty Bankex outperforms other indices in Q12025, but analysts expect gradual recovery; should you invest? Analysts project muted margins for March 2025 due to deposit competition but anticipate a good recovery in the second half of 2025-26

With RBIs recent rate cut and more in line, is this the right time to invest in debt funds? This move has sparked optimism for debt fund investors, as falling rates could boost bond prices, particularly for longer-duration funds. With more rate cuts potentially incoming, should you put all your money in debt mutual funds?