Over the last two years, despite an amnesty scheme, only about Rs 2,500 crore of taxes have been recovered.
Arun Jaitley had proposed in the Budget to double the rate of capital gains tax on debt MFs to 20%.
It is best to invest long-term surplus in stocks or equity mutual funds.
Finance Minister Arun Jaitley said Sebi would develop new products in the commodity derivatives space apart from taking steps to deepen the corporate bond market.
'SC and ST entrepreneurs are showing promise in starting and running businesses'.
Individuals often postpone tax planning till the end of the financial year. As the deadline for showing proof of investments draws near, they invest randomly in any product that will help them save tax for that year. Later, they realise that it is not suited for them, so they abandon it. Tax planning should not be a standalone, one-off activity, but should be in sync with your overall financial plan, says Sanjay Kumar Singh.
'My sense is that we should be braced for a correction.' 'It has already begun in the mid-caps for the past month, and will now spread to larger stocks as well.' 'Use the correction to upgrade the quality of your portfolio,' advises Akash Prakash.
Is the Budget sufficiently prudent? It probably is but at the cost of substantial under-provisioning for the many grand sounding schemes announced in it, says Nitin Desai.
'It is only fear and speculation, without much substance, that has led to the fall.'
Section 54 provides a tax-free method to convert unaccounted money into accounted money, says Harsh Roongta.
Systematic withdrawal plans in equity funds can spell trouble in a falling market, points out Deepesh Raghaw.
If India has more billionaires than before, it is because the Indian economy began to look more attractive to FIIs, notes T N Ninan.
Exemption from minimum alternate tax for REITs & infrastructure investment trusts; Depository receipts on all securities eligible for tax benefit
One category which stands out is fixed maturity plans due to its tax benefits, notes Prateek Mehta, CEO and company-co-founder, Upwardly.in.
New ITR form may be simpler, but some changes could stump you.
Rumours about a spike in taxes for equity investors are flying thick and fast.
The Association of Mutual Funds in India (Amfi) has already taken up the matter with the market regulator and the finance ministry.
They are suitable for a 3-5 year horizon. Choose equity funds for longer than 5 years
While there's tax arbitrage advantage in ULIPs now, experts say investors should prefer mutual funds for long-term savings.
Jaitley said a 10 per cent tax long on capital gains exceeding Rs 1 lakh made from the sale of shares has been introduced but those made till Janaury 31 would be grandfathered. A 10 per cent tax on distributed income by equity oriented mutual funds has also been proposed in the budget.
At least 200 investors have to furnish financial statements
The government has also built in mechanism to protect investors from price fluctuation.
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
We can hope that some of the benefits of the rural spending - on irrigation, roads, etc -- will spur rural demand and improve rural productivity, says P V Subramanyam.
Do keep the tax impact and exit load in mind before you take a decision to sell, says Vishal Dhawan.
A 'timing plus SIP' method could match the commitment of x in ordinary months and commit say, 2x or 3x in months where there has been a big correction.
There are tell-tale signs of a slide in the quality of Budgets presented by the current administration, says Parthasarathi Shome.
'The middle class you can hurt anytime. For revenues, politics, pleasure, anything,' notes Shekhar Gupta.
Rules applicable from April 1, 2014; investors who have already redeemed will also have to pay tax
Jaitley's Budget has the potential to change the face of Modi's Bharat
Softening the demonetisation blow, the Budget for 2017-18 on Wednesday halved the tax to 5 per cent on incomes up to Rs 500,000 but proposed a new surcharge of 10 per cent on incomes between Rs 50 lakh and Rs 1 crore and raised duties on cigarettes and pan masala while stepping up allocations for infrastructure, rural, agriculture and social sectors.
You can use gold as a financial instrument to diversify your portfolio into hedging against uncertainties in the market, but for ambitious returns, you must explore opportunities in other asset classes such as equities, debts and real estate, says Adhil Shetty, CEO, BankBazaar.com.
Today, the single most popular route of laundering is the stock market platform, notes Debashis Basu.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
The new 10 per cent dividend tax will be payable only on dividend income over and above Rs 10 lakh threshold in a year, according to an amendment to the Finance Bill 2016 approved by Lok Sabha.
With a focus on direct, indirect, and corporate tax structures, the Budget 2016-17 offers a balanced taxation structure
India Inc has high hopes from the upcoming Budget.
Budget 2016 may hold some answers to start-up cooncerns.
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