Failure to disclose any income can lead to penalties and legal issues.
While bringing over your money to India you should take care to ensure it is done in such a way so as to reduce your tax liability and let you repatriate it back to your residence abroad, should you opt to move back.
Keep track of your foreign remittances to avoid giving incorrect declarations as these could be held against you.
Many senior citizens fail to disclose certain incomes like interest, commissions, or dividends in their ITRs.
Rebalance your portfolio in case it has become overweight on equities vis-a-vis your strategic asset allocation.
'Starting an SIP now and continuing with it is likely to translate into high returns over the long term.'
Instead of being guided only by returns, investors should also factor in the risks of lending on these platforms.
'They can transition from short to long-duration funds when the yield curve normalises.'
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'If something unfortunate happens to an earning member, the family loses the crucial income which would have gone towards paying off debts, meeting the cost of children's higher education, or towards the upkeep of elderly parents.'
High dividend yield stocks usually perform well in a rising interest rate environment when investors value cash flows more.
Keep sufficient funds in your bank account until the cheque is cleared.
Balanced advantage funds have the potential to earn superior risk-adjusted returns for the investor and offer a smoother investment journey.
Penalties for non-disclosure or inaccurate disclosure of these details can be severe.
I stumbled upon shares worth around Rs 300,000 in my late father's name, which are currently with the Investor Education & Protection Fund, points out Harsh Roongta.
'Investing in a factor-based fund can be beneficial provided you have chosen the right factor.'
In a high growth economy such as India's, it is common that as employees we could be tempted to look for greener pastures elsewhere.
Only a small percentage of passengers who traveled on the trains involved in the June 2, 2023 accident in Odisha had availed of travel accident insurance while booking their tickets online on the IRCTC portal.
The rally in silver may continue if the global economic recovery remains on course.
Be wary of co-operative banks which have historically been most vulnerable.
Senior citizens should avoid putting their entire retirement corpus in SCSS.
A growth scheme not only leads to lower tax payments than the dividend option. but also allows any income that is not withdrawn to compound, explains Harsh Roongta.
Missing the deadline for filing Income Tax returns can lead to consequences.
Investors who decide to enter medium to long-duration funds should be cognisant of the risk.
'Investors don't have to worry about underperformance in passive funds, which earn market-equivalent returns.'
Instead of only focusing on the tenure for which the best interest rate is available, investors should also focus on their own investment horizon.
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Seek advice from Sebi-registered investment advisors whose names are available on Sebi's Web site.
There are millions of Indian women who avoid the responsibility of managing their finances due to a variety of reasons, including cultural and social conditioning.
A term plan's premium is lower than that of a wholelife plan.
While equity savings funds could offer higher returns over three-five years, they would also be more volatile.
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'Banks will continue to increase FD rates to attract more deposits and meet the increasing demand for credit.'
Before opting for this scheme, consider how EPS is calculated.
'Non-par plans returns are not market-linked. Hence, they can offer guaranteed returns.'
While most borrowers calculate the gain they stand to make from switching to a lower interest rate, they often fail to take into account all the costs.
'The number of leave accumulated sometimes goes up to 300.' 'The encashed amount is equivalent to almost 10 months' salary.'
Remember, pension from EPS will be taxable at slab rate, reducing the post-tax income for people who remain in the higher tax brackets after retirement.
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