Nikunj Saraf, Vice President Choice Wealth, will answers your MF queries.
The "asset-right" strategy, reiterated by ITC chairman Sanjiv Puri during the company's 112th annual general meeting (AGM) on August 11, received a thumbs up from the analysts. They, however, believe that sustained earnings growth and synergies with the demerged hotel's vertical will help the stock break out from the ongoing consolidation. "The stock is expected to consolidate between Rs 420 and Rs 450 in the near future.
The window under the Income Declaration Scheme 2016 opened on June 1 and will close on September 30
'Gold prices thrive on volatility and more so when the stock markets trend downward.'
Khan, the chairman of Pakistan Tehreek-i-Insaf submitted the documents containing details of alleged bank accounts held by the Sharif family and loan write-off schemes.
For women, it is important to build an emergency fund and a financial independence fund independent of the couple's joint goals and plans.
Business success often involves a combination of planning, implementation, and continuous learning, says rediffGURU Harsh Bharwani.
The department, according to officials, has reportedly traced instances of tax evasion by various Telecom firms that have been named by the CBI and the ED in their charge sheets.
Hopefully, the forthcoming budget could be a good platform to set the stage for next generation of tax reforms.
Begin the year-end review by assessing whether your portfolios are on track to achieve your life goals.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
This is a post that should be read by all those above 23. If you did not read this at 23, then read it now.
Amendments will be tabled in Parliament for approval by Monday or Tuesday.
The impact of currency depreciation can also be mitigated by holding a portion of your investment portfolio in dollar-denominated assets.
'Historically, equities have consistently outperformed debt, gold, property, and other assets over a reasonable period.'
The Modi government is notoriously honest about one fact: It does not listen to economists, observes Shekhar Gupta.
The price of bitcoin, the bestselling cryptocurrency, has shrunk nearly three times this year to mark the fate of such digital assets. Crashing prices, regulatory uncertainty and taxes have put Indian crypto exchanges in troubled waters. Finance Minister Nirmala Sitharaman's budget for FY23 announced a 30 per cent tax on any income from the transfer of virtual digital assets.
The youngest winners of the thriving tech economy, many of whom came of age during the last financial crisis, aren't often interested in the ideas that attracted clients in the past.
If you want to do some last-minute tax saving trick then here's some advice from Lokesh Nathany, national head (Wealth management & portfolio management services) at Almondz Global Securities.
Three key instruments that can help you meet your financial goals, while also allowing you to enjoy tax deductions are ELSS, term cover and health cover.
Investor wealth shrunk due to markets crashing on Wednesday.
'There is a vision in the Budget, and the vision is to take India from a largely agrarian, rural economy into a fast-track digitalised economy.'
A total of 635 declarants have filed declarations declaring undisclosed foreign assets worth Rs 4,160 crore.
SEBI has published data showing that more than 90 per cent of investors lose money in futures and options, explains Harsh Roongta.
The govt has incentivised the worst of investment products.
A prudent guideline for self-employed individuals is to target at least 10 to 15 times their actual annual income when determining life insurance coverage.
Anil Agarwal, chairman of the Vedanta group, has not started the New Year on a good note.
A simple primer on how much money taxpayers can save under various sections of the Income Tax Act.
Tax sleuths unearthed central excise and service tax evasion amounting to over Rs 5,500 crore (Rs 55 billion) in the 2010-11 financial year, even as pressure mounted on the government to crack down on black money.
Jaitley said future transactions would be substantially digital as India moves towards a less-cash society
Avoid discontinuing your SIPs. Persist for at least 7-10 years.
These funds can fetch double-digit returns over the long term which debt tax-saving products can't.
So give her the financial support, transfer your wealth to her and make investments in her name. Each of those decisions has tax implications. Here we take a look at each one of them:
Sandeep Shanbhag offers tips on post Budget taxation rates.
In the last Budget, the government had come out with similar compliance window for people holding undisclosed assets abroad.
Forbes said Prime Minister Narendra Modi's "economic experiments" barely affected India's billionaires while none gained more than oil-and-gas tycoon Mukesh Ambani, who cemented his decade-long hold on the top slot by adding a staggering USD 15.3 billion (67 per cent) to his last year's wealth to become one of Asia's top five richest.
'A huge number of declarations are expected to be made through the official e-filing website of the Income Tax department.'
Whether salaried or running your own business, it's about time to get your investment proofs in tax-saving instruments ready for filing your income tax returns later this year.
It is strange that the wealthy evade taxes even though the marginal utility of the money saved amounts to little and tax rates in countries, including India, have dropped
'Comparing the rates of interest with PSU banks, the three- and five-year time deposit rates of the post office are more favourable.'
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