The first thing that the tax payer has to do is to take a close look at the assessment order that has been intimated by the tax department.
Here is a look at banking funds that are present and some ways in which they might be different from what one expected them to be.
Here are some of the ways in which an individual can ensure that they are getting their tax process in order.
In NSC there is no tax deduction at source so the investor will get the entire amount back at the time of maturity with the capital invested
Here are five factors that you should watch out for while building retirement portfolio using mutual funds.
STP is a useful tool to invest lumpsum money into equity fund over a period of time.
The amount of the tax to be deducted is 1 per cent and this has to be deducted by the buyer and then deposited with the government.
FATCA guidelines have been brought in especially to track the situation with respect to US citizens and whether they have been disclosing the details of their investments abroad to the US tax authorities.
Aadhar can be used for the various requirements like proof of identity and address and the signature.
The conditions for the tax free benefit from the proceeds of insurance policies mentions details about the extent of the premium to be paid as compared to the sum assured.
There are an increasing number of fund houses where the fund manager invests in the fund that they manage. How you should look at this phenomenon?
If there is an amount that is received from the spouse then this would not be considered as a gift as this is clearly covered under the definition of a relative.
Interest received on application money paid in public offers for stocks, bonds, NCD and rights issue is subject to income tax.
The number of new NFOs has dropped because the markets regulator has cracked down on mutual funds asking them not to launch funds similar to what they already have in their portfolio.
For any individual is that the income tax is a levy that comes into play when an income is earned.
Benefit of diversification goes down if there are too many stocks in a portfolio.
Section 80C consists of a list of investment options plus some areas of expenses which if the individual has completed during the year will enable them to get a deduction
A look at cost inflation index shows that in the last couple of years the rate of rise has been just 5 per cent and 4 per cent respectively which is less than half of the rise that was being witnessed in the years prior to this time period.
What also carries a lot of significance for the investor is also the extent of the rise and the trend that is being witnessed about CII.
Based on the amount that has been invested by investors, they will get the units depending on the NAV which ultimately ensures that they are getting a stake in the investment for every rupee that they put in.
Banks are seen selling mutual fund schemes of their own subsidiary. What you should be looking at before signing above the dotted line.
One must understand the good performance in detail. If such a good performance is not consistent, then there can be trouble.
ETF space is increasing in terms of the number of choices for the investor and hence there should be some focus on this space to actually understand as to what is happening.
For a lot of people there is also a big question as to how they should start to gather the various details and its completion.
Some mutual fund houses alter the minimum investment amount. Investors need to keep a track of such changes.