BUSINESS
Are you facing a liquidity crunch on paying TCS? Your employer can help
If eligible, taxpayers can claim a refund on the TCS being withheld at the time of filing I-T returns, as per the government's new notification that was issued on October 17.
BUSINESS
Equity-debt split: How age and risk tolerance should guide your allocation
Both equity and debt investments are important. How you split your money between them depends on your age, your risk tolerance, and what you are saving for.
BUSINESS
Is the 10-times-annual-income thumb rule for determining the right term life cover the best for you?
Term Insurance: A simple method of estimating the minimum amount of life insurance cover needed, the thumb rule is often cited by individuals and experts. However, it is best if you take several parameters—your income, assets, liabilities, dependants’ needs, goals and financial status.
BUSINESS
Coldplay or compounding? Here’s how to balance fun and finances with your festive bonus
Bonuses are always a good way to recharge mid-year and it’s okay to indulge. But don’t forget to set aside a big chunk for investments and also becoming debt-free if you are paying EMIs.
BUSINESS
How not putting your eggs in one basket can help you achieve goals, minimise risks
Sensex and Nifty hit fresh all-time highs: Hedging your bets by allocating your investments across various asset classes, sectors and geographical regions can protect your portfolio from the inevitable fluctuations of the market. Simply put, diversification is one of the most effective ways to manage risk and enhance long-term returns.
BUSINESS
NPS Unscrambled: What you need to know about partial, premature, & final withdrawals
The NPS permits partial withdrawals during the scheme's tenure to meet specific requirements such as children’s education, house purchase, treatment of critical illnesses, etc.
BUSINESS
Advance tax: Pay your second installment by September 15 to avoid penalties
Advance tax payments are to be made in four installments in a financial year – June 15, September 15, December 15 and March 15. This tax becomes due if your estimated tax payable exceeds Rs 10,000.
BUSINESS
Need for greater focus on improving financial literacy, risk awareness and consumer protection: PFRDA chief
With the financial landscape becoming increasingly digital, taking steps to mitigate data privacy and cyber security risks is also critical, PFRDA chairman Deepak Mohanty has said.
BUSINESS
Capitalmind receives SEBI’s in-principle approval to launch mutual fund
Capitalmind Financial Services, which was founded by Deepak Shenoy, applied for an in-principle approval for a mutual fund licence on January 5, 2024.
BUSINESS
Moneycontrol MF Summit: ‘Asset allocation is on social media. In real life, investors chase returns’
The biggest challenge for asset management companies is to meet investors’ expectations amid rising risks in the MF sector.
BUSINESS
Moneycontrol MF Summit | Regulations, reflections and rapid chess: Industry’s bigwigs brainstorm for shaping Bharat’s investment landscape
Top CEOs and heads of investments from several fund houses got together to discuss how the Rs 65-trillion Indian mutual fund industry will handle the gush of investors that’ll come in when systematic investment inflows go up from Rs 23,000 crore clocked in July 2024 to the approaching milestone of Rs 50,000-crore-a-month inflows.
BUSINESS
Moneycontrol MF Summit: Investors need to be more on the active side in this market, says Akhil Chaturvedi, Motilal Oswal AMC
The demand for passive mutual funds has grown exponentially over the past few years and the assets under management in this segment has grown to Rs 10.2 lakh crore or 17 percent of the total market share.
BUSINESS
Comeback Trail: Franklin Templeton launches Franklin India Ultra Short Duration Fund
The scheme will look to offer the benefits of lower volatility, reduced interest rate risk, and moderate credit risk, making it a good choice for short-term savings
BUSINESS
SEBI's new measures on front running: Mechanism to ensure transparency and investor protection, says AMFI
The measures by SEBI are aimed at curbing misconducts such as front running, insider trading, or misuse of sensitive information, putting the onus of responsible conduct on the CEO or managing director, and the Chief Compliance Officer of the AMC to implement the deterrence.
BUSINESS
No ITR filing extension: Can salaried tax-payers file returns after July 31?
Such tax-payers can file belated returns or revise their returns up to December 31. Companies and businesspersons who need to get their accounts audited can file their returns by October 31.
BUSINESS
ITR filing: How social media influencers, gig workers should file their income tax returns
ITR filing 2024: Such tax-payers should choose between forms ITR-3 or ITR-4 (Sugam) carefully, declare all incomes, verify Form-26AS and AIS and maintain proofs for deductions claimed.
BUSINESS
ITR filing deadline: Know the exemptions and deductions that senior citizens can claim
Income tax return: Senior citizens are eligible for deductions under section 80C on investments made in senior citizens’ saving schemes (SCSS) if they choose the old tax regime, besides exemption of up to Rs 50,000 under section 80TTB on interest on fixed and savings deposit interest earned.
BUSINESS
ITR filing deadline: 8 tips for filing error-free income tax returns at the last minute
ITR filing mistakes: Not disclosing foreign assets and claiming deductions you are not eligible for can invite notices from the income tax department. This apart, entering wrong bank account details can lead to a delay in refund processing.
BUSINESS
Income tax filing last date: How to select the correct income tax return (ITR) form
ITR filing last date 2024: Over 5 crore ITRs have been filed as on July 26, according to the income tax department. If you are not one of them, you need to hurry and complete the process to avoid late-filing fees, penalties, delay in tax refunds and so on.
BUSINESS
Last-minute income-tax filing: Review your Annual Information Statement first
ITR filing deadline: Verifying the information in your Form-26AS and AIS will ensure that you do not miss out on reporting any income. Failure to disclose any income could result in notices from the income tax department.
BUSINESS
ITR filing 2024: Filing returns at the last minute? Know the list of crucial documents you would need
Income tax: The return-filing process can be a taxing affair, but being well-prepared ahead of the exercise by gathering all the documents needed to complete the process can help ease the hassles involved.
BUSINESS
ITR filing 2023-24: Errors in your income tax return? Here’s what you can do…
Income tax: You can file a revised return before December 31, 2024 to rectify the errors that you may have made while filing returns. You can re-submit your returns as many times as you want to.
BUSINESS
Income tax returns: Why you must not bank on ITR filing deadline extension
ITR filing 2023-24: July 31 is nearly here and many tax professionals are seeking more time to complete the process. But, the income tax department has already clarified that the rumours circulating around extension of the due date for filing income tax returns this year are untrue.
BUSINESS
NPS Vaatsalya for minor children announced in Budget 2024
Account to facilitate contributions from parents and guardians
