Online loans: how well do they work?

With a number of banks promising ‘ready cash’ at your doorstep, shopping for the best deal on a personal loan is a time-consuming, even confusing, exercise. Some websites promise to make it simpler for you. Mint visited four ‘neutral’ portals to get a sense of how effective they were in getting potential customers what they were looking for. Here’s what we found

Sanjiv Shankaran

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There is no escaping death and taxes, they say. And when one dies, the

responsibility of filing the returns of the deceased’s income rests with the legal heirs. Under the Income-Tax Act, the successors have to file two returns. The first will be for the income earned by the deceased from 1 April of the relevant financial year to the date of death. The second will be that of the legal heirs themselves, and their returns must include the income earned from the assets of the deceased that fall to their share. If there are two or more legal heirs, anyone can file the first return. NG

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