Can't believe you can file your income tax return without Form 16? Read this...
Stocks of public sector companies, especially the oil refining and marketing companies (OMCs) - Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL) and Indian Oil Corporation Limited (IOC) - logged gains on Tuesday in a weak market. While the Nifty lost nearly 1 per cent in trade on Tuesday, the Nifty CPSE index - a gauge of performance of central public sector enterprises on the National Stock Exchange (NSE) - gained over 3 per cent in intra-day trade. The rally in PSU stocks comes on the back of the BPCL chairman, Arun Kumar Singh suggesting in the company's annual general meeting (AGM) on Monday that the government intends to complete the divestment process in the OMC by March 2022.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
All Sensex components ended in green, with Bajaj Finserv, HCL Tech, Bharti Airtel, IndusInd Bank, L&T, TCS, ONGC and ICICI Bank, Bajaj Finance and SBI gaining up to 6.64 per cent.
2,138 firms deposited unaccounted Rs 5,000 cr in zero-balance accounts during the note ban
While it hit the national capital two days before schedule, its entry into the financial capital is two weeks late, the Met office said.
Indian indices have hit all-time highs in the New Year and the sentiment remains strong. All valuations are also at extremely high levels, cautions Devangshu Datta
'The market recovery is fragile,' warns Raamdeo Agrawal, co-founder and joint managing director, Motilal Oswal Financial Services.
Arbitrage schemes can give investors better post-tax returns than debt funds.
If your fund's expense ratio has risen dramatically after Sebi's recent changes, compare it with the category average before switching.
A large number of successful IPOs ensured that the total investor wealth, measured in terms of cumulative valuation of all listed shares, rose by nearly Rs 6 lakh crore during the year to Rs 106.23 lakh crore
On Monday, Shashi Tharoor met Sonia Gandhi and expressed his intention to contest the upcoming AICC chief polls.
It is very important to maintain your tax record even if you are not in the taxable income bracket as tax return papers are required when applying for a loan
People can deposit idle gold with authorised agencies and take advantage of the price escalation of gold as well as earn interest on the deposit.
There will be a review of employee compensation arrangement in the light of the new rules.
Barbeque Nation IPO: The promoters hold 60.24 per cent stake, CX Partners owns 33.79 per cent and Rakesh Jhunjhunwala's investment firm Alchemy Capital holds 2.05 per cent in the company.
The Nifty had crashed to a new 21-month low of 6,825 while the Finance Minister was speaking.
'Though I welcome the reduction of tax rates for corporates, I wonder why the benefits have been restricted to corporates and not to other business entities such as limited liability partnerships and partnership firms. This needs consideration', says Dinesh Kanabar.
Dubai, Singapore, London are the top overseas markets for Indians
Debt returns are always negative for investors in India, unless they are willing to take huge risk
The stock, which is a play on the growth story of Indian Railways, has corrected 15 per cent from its 52-week high level of Rs 2,072.95 scaled on March 9. Yet, this has not deterred brokerages from holding a bullish view on the stock.
Real estate investment trusts may not be attractive enough.
'If India can only grow at 5%, why bother spending time on the country?' asks Akash Prakash.
The forthcoming budget is an excellent opportunity for the Government to fulfill its promise of high economic growth.
Index heavyweights Reliance Industries and ITC were the top losers along with ICICI Bank and SBI
Ministry considering tax sops for India's first global financial centre, steps to liberalise futures and options markets.
If customers did not see value in what we provide them at the price point at which we provide these, they would not have been there with us in such a competitive market, says HDFC deputy managing director Paresh Sukthankar.
If you pledge market-linked instruments and their value plummets, you will have to provide additional collateral, points out Sanjay Kumar Singh.
Governments in most of the world saw their approval ratings dip as they struggled to contain the raging virus, which hit economy hard everywhere, but Indian politics followed a different script, with the outgoing year marking further shrinking of a rudderless Congress while the ruling BJP soared riding on Modi's enduring appeal.
In a statement, the CBDT, which is the apex policy making body for direct tax policies, said it has never asked IRS Association or these officers to prepare such a report and no permission was sought by them before making the report public. 'It is unequivocally stated that CBDT never asked IRS Association or these officers to prepare such a report.
Real estate sector cheers reforms in the Budget.
Mutual fund investments come in various shapes and forms -- ranging from the passive index funds to the actively managed funds. Two of the most popular mutual fund types are balanced funds and dynamic funds. Let us take a deeper look at what each one is and how they are different.
You can look at equity-oriented balanced funds.
Use of the incorrect form will result in your return being treated as defective, points out Suresh Surana, founder, RSM India.
The industry's reactions to the Budget have been mixed.
Around 75 per cent, or 372 stocks, that are part of the BSE500 are trading at least 10 per cent below their all-time high levels, despite the index hitting a record high 20,515 points on the BSE in intra-day trade on Wednesday, surpassing its previous high of 20,390 touched in March 12. The index, which accounts for 93 per cent of BSE listed companies' market capitalisation, has gained 8 per cent from its recent low of 18,983, touched on April 19. In comparison, the benchmark S&P BSE Sensex gained 6 per cent over the same period, but is still nearly 4.5 per cent away from its all-time high of 52,517 that it hit on February 16.
Changes in threshold not to have a significant revenue impact, say officials
With the online tax filing and automation of the tax process the number of mistakes made by taxpayers during filing of taxes have been reduced, but considering the importance of the information, a mistake or an error will be an invitation to trouble.
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