'Any earnings, regardless of location, will be subject to Indian income tax.'
IPOs inherently carry more risks than stocks that have been listed on the exchanges for some time.
Long-term tax-saving FDs can also be considered after the PPF limit has been exhausted.
A delegation of high-level executives from US public pension funds (non-profit and government sectors) is visiting India next week to assess and familiarise themselves with the investment opportunities in the country. These executives belong to various American states and cumulatively represent $1.8 trillion in assets under management (AUM) invested across the US and global markets. The United States (US) mission to India, which includes its embassy and consulates and the Department of Treasury, along with India's Ministry of Finance and the National Investment and Infrastructure Fund (NIIF), is hosting the delegation.
'Younger employees, who tend to have a higher risk appetite, will find NPS advantageous due to the potential gains from equity markets over time.'
Adopting overly aggressive strategies without considering risk could lead to significant losses during the next downturn.
Scammers sometimes misuse personal information collected during tax preparation, leading to identity theft or unauthorised financial transactions.
'Despite rising inflows, many NRIs lack awareness about NRO and NRE accounts and mistakenly use family accounts or invest in a relative's name.' 'Many are unaware of tax implications.'
Consider a combination of a base policy and a super top-up policy.
Make minimum payments on all debts, then use extra funds to tackle the smallest debt first.
'If their allocation to certain segments have become high due to strong returns over the past three-four years, they should rebalance their portfolios and bring them in line with their long-term asset allocation.'
'In phases when smaller stocks do well, an equal-weight index performs better than its market cap-weighted peer.'
All investors should ideally have a 10 to 15 per cent allocation to gold. Whether they invest in gold ETFs or SGBs should depend on their investment horizon.
Submitting a late return helps you stay compliant with tax regulations and avoid legal issues.
'File all the supporting documents in response to the allegation since there is a possibility of the proceedings getting dropped at that stage if the reply is satisfactory.'
'PPF carries minimal risk.' 'Its fixed-income nature allows investors to diversify their portfolios.'
A taxpayer who does not revise their return within the stipulated deadline would be stuck with the original return, including its errors.
People in full-time jobs should especially avoid intraday trading as it results in loss of focus and affects performance.
'Understand how wedding expenses fit into your overall financial situation.' 'Evaluate how different levels of spending will impact other goals like retirement, travel, or housing.'
It is advisable to file your ITR right away and not rely on potential extensions.
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