'A dynamic bond fund acts like a gilt fund in a rate cut scenario and like a conservative short-term bond fund when rates rise.'
The department notified ITR 1-Sahaj and ITR 4-Sugam in January against the usual practice of notifying returns in April, with disclosure requirements related to cash deposits, spending on foreign travel, and electricity. The notification of the returns followed Budget announcements making income-tax return filing mandatory for certain persons even if their income was below the taxable limit.
Only investors with knowledge of cryptocurrencies, long-term conviction, and a long horizon should invest in this asset class.
'Credit card debt comes with high interest cost and stringent penalties.' 'If you do not repay on time, the costs balloon.'
The Income Tax Department has notified ITR forms 1 and 4, which are filed by individuals and entities with annual total income of up to Rs 50 lakh for FY 2023-24 (AY 2024-25). Individuals, besides Hindu Undivided Families (HUFs), firms having income up to Rs 50 lakh and those having earnings from business and profession in the current fiscal (April 2023-March 2024) can start filing returns for the income earned this financial year.
A month after Parineeti Chopra's wedding to Raghav Chadha on September 25, unseen pictures are still dropping on social media!
'Splitting must result in tangible benefits for the customer, otherwise it will only mean more work for them in maintaining the policy and for their nominees.'
The forms for simplified income tax returns are anything but Saral, Sahaj and Sugam: for many readers these would have a familiar ring particularly in the month of July.
'If the borrower can't repay the loan due to lack of income or losses from speculative activities, they risk defaulting on it.' 'This could lead to the bank seizing the property.'
'If the portfolio growth rate is higher, take this loan. If it is lower, liquidate your investments.'
The Income Tax department on Friday said it has notified I-T return forms 2, 3 and 5 for filing tax returns for assessment year 2024-25. The ITR-1, which is filed by individuals having a total income of up to Rs 50 lakh, and ITR-6 for companies were notified earlier in December 2023, and January 2024, respectively.
'Those trying to use these funds for quick gains should avoid them due to risk of being late to the party.'
After getting married fairy-tale style in Udaipur, Parineeti Chopra and AAP MP Raghav Chadha returned to the latter's home in New Delhi.
Weeks after her destination wedding on September 24, Parineeti Chopra posted pictures of her haldi ceremony on social media.
Do not, however, enter expecting quick returns.
Those who cannot bear significant downturns (as much as 40 per cent) or have a short horizon should exit entirely.
'Young investors with limited funds should ensure that investing in NPS does not crowd out their other, more liquid, investments.'
Those who want to invest should consider their risk appetite. Youngsters may go for it as they have a longer horizon to recover from a setback.
If you are overweight on fixed-income instruments, go for ELSS, and vice versa.
The stars Rediff.com Contributing Photographer Pradeep Bandekar sighted on Wednesday.
Get a new QR code from an alternative provider. PhonePe, Google Pay, Pine Labs, etc are some of the other service providers.
rediffGURUS Hardik Parikh, Tejas Chokshi, Mihir Tanna and Sanjeev Govila answer your tax related queries.
Parineeti Chopra gives us glimpses into her engagement ceremony to Aam Aadmi Party MP Raghav Chadha.
When stars travel, they make lovely pictures on social media.
When the subscriber reaches superannuation or the age of 60, 60 per cent of the total corpus accumulated in NPS can be withdrawn as a lump sum.
Look at the sanctioned plan to know the exact carpet area you will get and pay a law firm to conduct a thorough title check.
Boman shares a BTS from Chandigarh... Amitabh supports a young talent... Hina leaves New York...
The impact of currency depreciation can also be mitigated by holding a portion of your investment portfolio in dollar-denominated assets.
Neha is off to the Maldives... Parineeti tucks in momos... Esha goes to Venice...
Failure to disclose any income can lead to penalties and legal issues.
However, the department has not changed ITRs significantly, considering Covid-19 crisis.
Many senior citizens fail to disclose certain incomes like interest, commissions, or dividends in their ITRs.
When stars travel, they make lovely pictures on social media.
The choice should depend on the size of the retirement corpus, stage in life, and state of health.
Grandmaster Aravindh Chithambaram emerged champion in the 22nd Dubai Open chess tournament in Dubai on Sunday, with 7.5 points as seven Indians finished in the top 10 with R Praggnanandhaa sharing second spot with five others.
The Income Tax department has notified forms for filing I-T returns for 2020-21 fiscal, the Central Board of Direct Taxes said on Thursday. "Keeping in view the ongoing crisis due to COVID pandemic and to facilitate the taxpayers, no significant change has been made to the ITR Forms in comparison to the last year's ITR Forms. "Only the bare minimum changes necessitated due to amendments in the Income-tax Act, 1961 have been made," the Central Board of Direct Taxes (CBDT) said in a statement. The Income Tax returns (ITR) forms ask taxpayers if they are opting for a new tax regime.
Parineeti Chopra is holidaying in the Maldives with parents Pawan and Reena and brother Shivang.
Those spending over Rs 2 lakh on foreign travel, incurring more than Rs 1 lakh electricity bills, or depositing over Rs 1 crore in current account will have to mandatorily file ITR even if their total income is below the taxable limit. The last date for filing has been extended to Nov 30 from Jul 31.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
While Bollywood stars and their children have posted some loved-up pictures on Raksha Bandhan, there's a whole lot more!