Insights

Barakah Finserve

Good news for pensioners! Govt increases dearness relief to 28%

The Centre has issued orders to increase the dearness relief to pensioners/family pensioners with effect from 1st July to 28% of the basic pension/family pension

Barakah Finserve

Bharat Bond Fund has interest rate risk

In debt investing, longer the maturity of portfolio, higher is the interest rate risk. Hence, the funds with an average maturity period of 2 to 4 years may work better

Barakah Finserve

Got a message on high value transaction from tax department? Know how to respond

As per the Income Tax Act, 1961, interest income received from fixed deposits and savings bank account is chargeable and required to be disclosed in the ITR