The Central Board of Direct Taxes is set to rationalise I-T rules.
In an online chat with Rediff.com readers, G Srikanth, partner, GSV Associates, chartered accountants, Chennai and member of the Institute of Cost and Management Accountants, answered queries about the new income tax proposals mooted in the Union Budget 2020-2021.
There is a lot of optimism across all markets and a large part of it is justified, says Samir Arora of Helios Capital Management.
As if wanting to be an antidote to the coronavirus pandemic, the Indian stock market adorned carnival robes in 2021 with a tsunami of liquidity unleashed by global central banks coupled with supportive domestic policies and the world's largest vaccination drive sparking off a world-beating rally on Dalal Street, despite bouts of uneasiness over fizzy valuations. While the wider economy shuttled between recovery and relapse, dictated by multiple mutations of the virus, equity market benchmarks appeared headed in just one direction -- skywards. The dizzying upward journey has added a whopping Rs 72 lakh crore during 2021 to investors' wealth, measured as the cumulative value of all listed shares in the country, taking it to nearly Rs 260 lakh crore.
These stocks are overvalued and, therefore, one should not adopt a buy and hold strategy.
Irdai's push will make insurance cheaper for consumers and enable a consolidated view of all policies.
'People are doing a lot of trading.' 'Short-term euphoria can be seen.' 'Retail participation is best through MFs and PMS.'
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Gold prices have eased off in recent months after the formation of a new government bringing in positive sentiment back to the stock market.
Gold, forex assets, IT sector, pharma. Devangshu Datta explains why each of these is a good hedge against market shocks at this time.
In HDFC Life, the company has to pare 1.43 per cent, and in HDFC Ergo, it has to pare only 0.58 per cent.
The Karnataka election is being seen as the semi-final to the 2019 general elections and appears to be heading towards a close fight
We all need an expert whose advice you can trust, who will not start pushing products at you and rather help you understand why your wealth is not growing as it should, says Erik Hon.
Buying stocks during bad times can lead to good returns.
Unbanked customers can expect easier access to banking.
Payments made by any person of an amount aggregating to Rs 100,000 or more in cash towards credit card dues will have to be reported.
The assets mentioned in the Sebi order are already in possession of the ED for violation of an anti-money laundering law by Mallya and PMLA overrides all other laws, providing ED first right over the assets.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The central bank will auction Rs 220,00 crore (Rs 220 billion) of government cash management bills every Monday, it said in a statement, without specifying for how many weeks the sales would last.
In August, the Supreme Court had said that the total amount should be deposited within 3 months with its Registry, pending the outcome of the appeal filed by the DLF against the May 19 order of Competition Appellate Tribunal's upholding the penalty imposed by CCI.
According to Rahul Rege, business head (retail) at Emkay Global Financial Services, it is difficult to track more than 10 stocks.
The decline is attributed to lower salary growth and a rise in households' financial liabilities.
Lending on peer-to-peer platforms is fraught with higher risks but investors can earn as much as 12% to 36%.
In a Facebook post on the second anniversary of demonetisation, Jaitley said in first four years of the National Democratic Alliance government, the number of income tax returns filers has gone up to 6.86 crore from 3.8 crore in May 2014.
Sahara says awaiting further clarity on issue from regulator, suggests 'human error' or investor confusion led to mismatch.
You must remain invested in bank deposits, unless you are considering the idea of earning higher returns by moving to gilt or liquid funds, says Adhil Shetty, CEO, BankBazaar.com.
The longer a bear market lasts, the more the eventual returns are, says Devangshu Datta.
An Aadhaar card can fast-track the KYC procedure for some instruments.
In a bid to gain a bigger share of the customer's wallet, banks are ramping up their cross-selling initiatives.
There cannot be value in every stock, whether large cap or otherwise. Thus buying a stock cheap does not always translate into value buying
The scrutiny is expected to be over this month itself.
'A strong foreign exchange reserve is the best safety net against global spillovers.'
The bilateral MoUs were signed in pursuance of the EU Alternative Investment Fund Managers Directive which requires that adequate supervisory cooperation arrangements are put in place between EU and non-EU supervisory authorities including Sebi.
Ahmedabad, Delhi and Mumbai, which together make up 65% of national volumes, post decline in turnover in 2nd half of 2015.
Irrational behaviour, born out of incomplete understanding, biases, overconfidence, fear or greed, has led investors to make less than half of what they could have in the capital markets, says Erik Hon.
'EPFO's investments this financial year should be Rs 1 lakh crore'
The realty major is awaiting orders for the second proceedings.
'If Indian armed forces entered Pakistan and succeeded in inflicting major damage on the Pakistani army and occupied territory in the Pakistani heartland, there is reason to think the Pakistani military would use some nuclear weapons against the incoming Indian forces to compel India to stop.'
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Chances of staying true to your goals tend to be high when you don't lose sight of what you set out to achieve, advises Arun Thukral, MD & CEO, Axis Securities.
