When it comes to an NRO account there is a lot of choice that is present for individuals.
Mutual fund house stops accepting fresh investments in a particular scheme due to lack of investment opportunities in the market.
The year for the base of indexation has been brought forward to April 2001 which means that any asset bought before this date can calculate the cost as either as actual cost or the value as on this date whichever is higher.
A SIP consists of a process whereby an investor invests a fixed sum of money each month usually into a mutual fund.
Extant tax benefit has been extended with the tax free relief available if a person withdraws an amount before the end or closure of their account if this is not more than 25 percent of the amount that has been contributed by the individual to the account.
There is quite some effort that a lot of people put in when they are planning their long term investments.
Capital gains arising out of investments in stocks held for more than one year are tax free.
One of the conditions related to the demat account is the charge that would be incurred in the maintenance of the demat account.
There is a provision in the Income Tax Act which clearly states that if a mutual fund merges plans within their schemes then it would not be considered as a transfer and hence, no capital gains can arise.
Lots of people like to do what famous people do as this gives them a feeling of living a good life and this also raises confidence in their minds.
One of the things that has been witnessed in recent times has been that investors do not make the best use of direct plans.
Depending on the option you pick up to transact online, your ease of transaction and options available changes
In the highest tax bracket it would still make sense to go in for the 6 per cent tax free bond because the final rate that they bear is still higher than what they would face otherwise.
There is a specific procedure that needs to be followed when a revised return is being filed and this includes several steps along with meeting the required conditions.
Using an online wallet for investing is not an easy task. Monitoring your investments in MF using wallets can be a cumbersome activity for many.
The time when the fixed deposit was made with the cooperative bank is a very important.
Today liquid funds provide one of the quickest ways to get money back for investors and this takes a day so the investor can redeem their units and then expect the money to come into their account the next day.
Depending on the time frame of your investments, you should choose the right bond funds.
Here are some of the ways in which an investor can ensure that they have the right proof available with them that will be enough to claim the deduction that they have made
The current process of completing the KYC requires this to be done separately for each area of investment.
It is possible to get the net asset value of the previous day too in case of liquid funds if the money moves into the account of the mutual fund by 2 pm while this facility is not present for other funds.
There are several things that need to be understood by the individual and this will help them to deal with the matter.
Under the Income Tax Act a basic amount that is earned by the individual as taxable income is not subject to any tax.