Father's Day: Family's eldest member, typically the father, heads HUF

Under Section 2(31) of the Income-tax Act, 1961, an HUF is considered a ‘person’ and, therefore, is treated as a separate entity for the purpose of tax assessment.An HUF is taxed on the same slab rates that are applicable to an individual income tax assessee Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies

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Father's Day: Dad, don’t throw a money googly

Four tips to set you, as a father, on the right path when it comes to kids and finances.You are not doing enough if you are saving but not investing wisely… if it’s too much of an ask, work with a planner Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies

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SBI’s repo rate-linked home loan decoded

To be eligible to take a repo rate-linked home loan, you need to have a minimum annual income of ₹6 lakh.The total loan tenor cannot exceed 35 years. The bank will charge a premium of 20 bps above applicable interest rate if the loan-to-value is greater than 80% Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies

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How to make credit score work for you

If used carefully, borrowing can be a healthy habit to build a good credit score. But you need to pay on time.In later stages of your life when you apply for bigger loans with lower interest rates or credit cards with higher limits, make sure you don’t have a zero credit history Get the latest news and analysis on business, finance, politics from Livemint, the website of the Mint newspaper, one of India’s leading business and financial dailies

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