Tax rules that could land you in trouble
One should base the decision on one's potential liability under the new tax rules.
While saving tax is important and certainly welcome, it's lot more important to ensure each instrument actually does the job it was originally meant to, says Manish Shah.
Wondering if mutual fund investments can help you make you enough money for your retirement and child's marriage? Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
One category which stands out is fixed maturity plans due to its tax benefits, notes Prateek Mehta, CEO and company-co-founder, Upwardly.in.
'The amount involved could as high as Rs 3,500 crore as there are a lot of depositors.' 'Yesterday, I met an investor who put in Rs 4 crore. That man doesn't have Rs 2,000 to spend on medicines.'
Rates on tax-free bonds are linked to government securities.
Salaried employees get several benefits under Sections 80C, 80D, 80G and others.
After taxpayers file returns, IT department checks them.
Retirees must also try and purchase a senior citizens' policy, despite steep premiums.
An emergency fund, as the name suggests, is one in which you have three months to six months' salary.
While an impending rate cut is a good reason to enter debt funds, another is the high valuations in equity markets.
The recent NSEL crisis has prompted even rich and diehard equity investors to shift to safer fixed income products.
New ITR form may be simpler, but some changes could stump you.
Narendra Modi is one of the least affluent ministers in the Union Cabinet.
Salil Dhawan explains how as you progress in your career you can also grow your money at a phenomenal pace if you start investing early.
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.
Few in India know that Elvis & Namrata won at the World Salsa Summit in Miami!
You need careful planning to accumulate a corpus for your children's dreams and goals
'To ensure you remain with the better performers, you need to consistently monitor your MF portfolios and weed out the non-performers, even if they are from a star fund manager or a fund house with a sound record.'
A tax plan is not only to save taxes, it should also assist you in achieving your other financial goals such as buying a home, a car, children's education, retirement to name a few. Here are some top ways in which you could plan for your tax savings
Because they can easily find them out by analysing your financial transactions.
Many investment options once seen as safe havens are presently out of sync
Sandeep Shanbhag, a chartered accountant and director of Wonderland Consultants, a tax and financial advisory firm, discussed the impact of Budget proposals in a chat with Rediff.com's readers.
Equity investing is still fraught with peril and is riddled with sink holes that investors need to be wary of
Can't believe you can file your income tax return without Form 16? Read this...
Equity-linked savings scheme, PPF and Sukanya Samriddhi Yojana are recommended instruments.
Within the next 3 months, most brokers will enable you to intelligently invest via mobiles in MFs, FDs, and IPOs.
Be willing to learn from mistakes.
In the last few months, the 10-year G-Sec has been gyrating sharply and has crossed the 9-per cent-yield mark four times.
An excerpt from 'Money Smart: The Indian Woman's Guide To Managing Wealth' by Reenita Malhotra Hora and Divya Vij that reveals various options to help you save tax as well as invest for creating long-term wealth.
Common people expect the government to be aggressive and opt for growth related measures in the upcoming Budget.
There are some advantages of a falling rupee.
In an online chat with readers on August 10, Vidya Bala, Vidya Bala, head of mutual fund research at FundsIndia, answered their queries. For hose who missed the chat, here is the transcript.
Sandeep Shanbhag offers tips on post Budget taxation rates.
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