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Business / Livemint

ITR Filing: How is interest earned on a joint account taxed, and how to report it correctly in your Income Tax Return?

ITR Filing: Joint bank accounts have a primary account holder, and the second person is called a secondary account holder. They are clearly identified in bank documents.

22 Aug 2025 11:20 pm
These 6 credit cards provide free access to airport lounges. Check list here

Most credit cards typically have imposed limits to the access to domestic and international lounges by cardholders

22 Aug 2025 9:30 pm
Mumbai man duped of 1.35 crore in loan fraud 4 lessons to keep your money safe

Typically, lenders deduct the processing fee from the loan money before disbursal. This fee does not need to be paid in advance for the loan to be approved, as happened in the case mentioned here.

22 Aug 2025 9:04 pm
Best Mutual Funds: These mid-cap schemes gave over 25% annualised return in past 5 years

Best mutual funds: There are a total of 30 mid-cap mutual funds with total assets under management of 4.28 lakh crore, as per the latest AMFI data.

22 Aug 2025 7:26 pm
Sebi plans to introduce additional incentives for first-time woman investors in MFs: Pandey

Sebi plans to introduce additional incentives for first-time woman investors in MFs: Pandey

22 Aug 2025 5:50 pm
Will vs trust: Why Indias wealthy are rethinking succession planning

Delays in probate, privacy concerns, and the need for control are pushing more families toward private trusts over traditional wills.

22 Aug 2025 5:50 pm
Delhi most credit-healthy city, followed by Pune, Kerala, and Chandigarh: Study

National capital emerged as the most credit-healthy city in India, with the highest proportion of credit-healthy consumers (46 per cent) and the highest average credit score (746) among 710 cities.

22 Aug 2025 5:29 pm
DS Group launches digital marketing guide DCODE with WPP Media, aims to set benchmark for best practices

DS Group has launched DCODE, a digital marketing guide created with WPP Media. The playbook provides best practices in digital marketing, combining academic insights with practical tools for marketers and digital enthusiasts to enhance their strategies in a complex digital ecosystem.

22 Aug 2025 5:00 pm
Credit card fraud worth 2.6 crore came to surface; 5 big lessons to learn about data safety

A major 2.6 crore credit card fraud exposed in Gurugram highlights growing cybercrime risks, stressing the need for vigilance, safe digital practices and strong credit card data protection measures.

22 Aug 2025 5:00 pm
Income Tax: Why should you use a tax calculator before filing your return?

Income tax e-filing portal shares several tax calculators to help taxpayers ascertain the exact amount of tax liability, compare tax liability under different regimes, find HRA and compute transport allowance, among others

22 Aug 2025 4:10 pm
Google Pay joins hands with L&T finance to offer personal loans

Personal loans: This partnership is in line with the NBFCs product diversification strategy and makes credit more accessible for consumers in a fast, seamless, and digital manner, L&T Finance said in a statement

22 Aug 2025 2:35 pm
5 tips to improve your eligibility for high-value personal loans

Improving your eligibility for high-value personal loans requires strong credit scores, low debt-to-income ratio, stable income, limited loan applications, and accurate documentation to boost approval chances and financial confidence.

22 Aug 2025 12:22 pm
Anand Rathi Group family buys 10,000-sq-ft flat in Lodha's Worli project for 131.7 crore

Luxury, sea-facing residential projects such as Lodha Sea Face, Naman Xana, and The Legacy are creating a new 'billionaire's street' in the heart of Worli.

22 Aug 2025 11:28 am
5 common reasons to apply for a personal loan

Being unsecured, personal loans typically carry a higher rate of interest than other category of borrowings

22 Aug 2025 11:14 am
SBI Card to roll out THESE changes starting September 1. See details here

Credit Cards: Accrual of reward points on spends on digital gaming platforms/ merchants and government related transactions will be discontinued for certain cards

22 Aug 2025 11:09 am
Retail investors raise their exposure to small and mid cap mutual funds, stress test reveals THIS

Since April, inflows into small and mid cap mutual funds have seen an increase of 62 and 56 percent respectively in a span of just three months, reveals the latest AMFI data.

22 Aug 2025 10:46 am
PMO to take a call on Vodafone Ideas fate

The Prime Ministers Office has received a proposal from the telecom department to steady beleagured Vodafone Idea, which has repeatedly flagged the risk to its survival.

22 Aug 2025 6:00 am
Big pipelines, slow disbursements: India Inc keeps PSU bank credit on hold

While most factors remain common for both private and PSU banks, private banks in their Q1 earnings calls cited aggressive pricing competition from PSU banks as another factor for muted demand for loans from India Inc.

22 Aug 2025 5:45 am
Income Tax Returns: What is ITR-U, who can file it and who cannot? From process to penalty - here's all you need to know

To encourage voluntary compliance, the Government of India introduced the ITR-U in the Finance Act 2022 and amended the guidelines via Finance Act 2025.

21 Aug 2025 8:58 pm
FD interest rates: These 6 banks offer highest interest on their 1-year fixed deposits

FD interest rates: These state and private banks offer high interest rates on their one-year term deposits. Check the list here.

21 Aug 2025 8:04 pm
Mint Explainer | What's next for online gaming? Five burning questions answered

The Promotion and Regulation of Online Gaming Bill, 2025, is set to transform the money gaming industry that once sponsored Indias biggest sporting events.

21 Aug 2025 7:56 pm
Can health insurance cover home-based cancer care?

When hospital visits become risky for terminally ill patients, domiciliary treatment can be a safe alternative, but coverage depends on your policy.

21 Aug 2025 6:09 pm
Small-town salesman, $1.2 billion empire: Inside Vineet Agrawals Wipro journey

Vineet Agrawal became the CEO of Wipro Consumer Care & Lighting in 2002. Since then, he has shaped 15 acquisitions, expanded the companys presence to over 60 countries, and turned Santoor into one of Indias largest soap brands. How did he do it?

21 Aug 2025 5:38 pm
Income Tax: THESE deductions are allowed for taxpayers under old and new tax regimes

There are three deductions allowed that are still allowed under the new tax regime. Check list here

21 Aug 2025 5:06 pm
ITR Filing: Online gaming income? Here's how to report income tax returns for FY25

The Lok Sabha passed the Promotion and Regulation of Online Gaming Bill 2025, banning online money games. For FY25, online gaming income is taxed at 30% under Sections 115BBJ and 194BA. Losses can be adjusted against income, and TDS must be reported in ITR.

21 Aug 2025 4:32 pm
Don't trip up on taxes: A guide for returning NRIs

Theres a bridge period that returning NRIs many miss, forgoing resident but not ordinarily resident (RNOR) status and losing tax breaks.

21 Aug 2025 4:26 pm
Old settled loans haunting your credit report? Heres how to fix them

Settled loans wrongly marked on credit reports can lower credit scores and affect borrowing, but with proper steps, borrowers can correct errors, restore creditworthiness, and improve financial opportunities.

21 Aug 2025 3:51 pm
Did your parents transfer a large sum to your account? Check your tax liability for FY 2024-25

Typically, gifts received from anyone besides family members for an amount above 50,000 are taxable. The only exceptions are relatives and members of HUF. So a gift from parents would not be taxed, but income earned from it will be

21 Aug 2025 3:47 pm
Big budgets may be setting grand films up for epic failure

Industry insiders fear some of the upcoming tentpole films could collapse under their own weight.

21 Aug 2025 3:23 pm
Why confidence is the missing piece in womens financial freedom

Indian women see financial independence as more than incomeits about security and control. But confidence gaps, taboos, and lack of guidance hold them back, even as more aim to invest in 2025.

21 Aug 2025 1:08 pm
Govt likely to announce infrastructure status for shipping industry in two weeks

Infrastructure status would help shipping firms access cheaper, longer-term funding, spurring purchases from Indian shipyards and boosting domestic vessel ownership.

21 Aug 2025 11:45 am
Why collecting a No Dues Certificate after closing a personal loan is crucial

The NDC acknowledges the personal loan repayment. The bank issues it to the borrower after the last EMI payment. It has a positive impact on the credit score and helps the borrower get new loans in the future.

21 Aug 2025 11:13 am
6 credit cards that offer cashback and rewards on online shopping

We list out some credit cards that are popular among the shopaholics for the cashbacks and discounts they offer for making online purchases

21 Aug 2025 10:48 am
Why Buffett's biggest regrets should reassure, not alarm, investors

The lesson for ordinary investors isn't to become more aggressive about seizing opportunities, but to become more comfortable with missing them. 

21 Aug 2025 10:46 am
World Senior Citizens' Day 2025: Which financial instruments provide healthy returns along with safety of capital?

For senior citizens, it is vital to invest in the right financial instruments which are not only safe and secure, but deliver healthy returns at the same time.

21 Aug 2025 10:38 am
ICICI reward points scam costs driver 2.38 lakh; heres how to stay safe from credit card fraud

Credit card frauds are rising as scammers trick users with fake reward points, phishing apps, and unauthorised transactions, highlighting the need for vigilance, secure banking practices, and quick reporting to avoid losses.

21 Aug 2025 10:22 am
Thinking of borrowing on a loan app? Follow these 5 expert tips

Personal loan: Borrowers must first check the credibility of the platform by going through reviews on app stores before opting to borrow at a platform

21 Aug 2025 10:20 am
Personal guarantors' assets under threat under proposed IBC changes

Until now, when a company went bankrupt, guarantors enjoyed a moratorium that stopped banks and creditors from touching their assets until the case was finally decided.

21 Aug 2025 5:45 am
Income tax filing: Missed the early train? Here's a checklist of required documents for smoother ITR process

As tax season arrives, first-time income tax return filers can feel overwhelmed. Here's a checklist of necessary documents, including Form 16, PAN Card, and investment proofs, can help ensure proper preparation for filing ITR.

20 Aug 2025 10:06 pm
Real money gamers lose over long term, apps did not check massive user losses: Vaishnaw

Union minister Ashwini Vaishnaw said the bill comes after years of collating user complaintswhich underline thousands of crore lost by players of fantasy sports, rummy and other titles. The minister also said preventing the degradation of the society was more important than the ban's GST impact.

20 Aug 2025 8:48 pm
Regulators must balance innovation and stability, says RBI deputy governor M. Rajeshwar

New technologies, Rao said, have improved ease of doing business and lowered operational costs, but they also bring complex regulatory issues like the unpredictable nature of tech-driven business models, questions around data privacy and control, and what he called the AI conundrum.

20 Aug 2025 8:15 pm
Bought a term insurance plan in India but moved abroad? Heres what happens to your cover

Term plans bought in India remain valid even after one becomes an NRI. But policyholders must fulfil certain formalities to ensure their cover continues seamlessly. Heres what you need to know to ensure your policy stays active

20 Aug 2025 7:56 pm
Trump's tariff shadow loomed over monetary policy decision in August, minutes show

Uncertainty about tariffs forced the six-member panel to unanimously vote for a status quo on interest rates, despite a benign inflation, showed minutes.

20 Aug 2025 7:50 pm
Online marketplaces influence 73% of purchases: Deloitte-Ficci report

Offline retail has long held sway on how consumers buy goods in India. However, over the last decade this has changed with more digital channels chipping away market share from traditional trade 

20 Aug 2025 7:50 pm
Adani Realty revives Khatau Mill land project in Mumbai after SC ruling

Adani's project, like several others, was in limbo after the 2024 National Green Tribunal (NGT) ruling that said large-scale real estate projects within a 5-km radius of ecologically-sensitive zones such as forests or mangroves need environmental clearance from the central government.

20 Aug 2025 7:34 pm
Indias sweeping online gaming ban puts billions in investor capital at risk

The online gaming bill targeting real-money games jeopardizes a sector thats attracted a host of global investors, including Tiger Global, ChrysCapital, and DST Global, and $2.8 billion in funding over just 5 years.

20 Aug 2025 7:11 pm
How do I choose the right personal loan?

And why is there such a huge variation in interest rates?

20 Aug 2025 5:30 pm
Buzz kill: Trumps tariffs put Indias honey trade in a sticky spot

It is highly unlikely that Donald Trump is aware of the existence of the honey-collecting beekeepers roving Haryanas mustard fields, the apple orchards in Kashmir, Himachal and Uttaranchal, and beyond. But he plays an oversized influence on their lives today. Heres why.

20 Aug 2025 5:00 pm
Income Tax Returns: 4 key points salaried taxpayers should keep in mind while filing ITR

Filing ITR 2025: From reporting correct information to avoiding under-reporting of income, there are a number of things which taxpayers need to be careful about.

20 Aug 2025 4:52 pm
The journey of Indias online gaming industry

India's online gaming industry faces a potential complete ban as a draft bill is proposed in the Lok Sabha. Mint chalks out the start of online gaming startups in India, key milestones, GST hurdles, state bans and more.

20 Aug 2025 4:14 pm