The pre-Budget proposals sent to the finance ministry aim to bring uniformity in tax treatment for investments in different financial sectors, mitigate hardship to retail taxpayers, and encourage participation in mutual funds.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
We asked you, dear readers to share your best tips on saving money. This is what S Kumar shared.
Longer-tenure FDs generally give higher returns. Nonetheless, going for a tenure higher than two to three years is not advisable.
The Centre told the Supreme Court on Wednesday that almost every country, including India, was grappling with the problem of use of black money in elections and the electoral bonds scheme was a "conscious attempt" to eradicate the menace of "unclean money" in the poll process.
Many senior citizens fail to disclose certain incomes like interest, commissions, or dividends in their ITRs.
Ask Tax Gurus Mihir Tanna, Mahesh Padmanabhan and Anil Rego.
It's that time of the year again when one needs tobegin calculating their tax liabilities.
'Planning for the transfer of assets to the next generation is an important aspect of financial and estate planning.'
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Tax planning is a coherent part of any financial plan
If salaried, do early homework on your tax-saving investments.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
From taxation of EPF contributions to new wage code, life won't be the same in FY22.
Encouraging domestic financial savings through focused measures would help mobilise long term resources for funding infrastructure and economic development.
Tax Guru Anil Rego answers your personal income tax queries.
Even if a company does not invest, it will improve liquidity of banks.
Whether it was the MGNREGS or the NFSA or the Aadhaar-based DBT scheme for cash transfer, the Modi government has built on the basic architecture created by the Singh government. Policy makers in the Modi government, instead of discarding them as products of the previous political regime, worked on them, expanded their scope and reach, and used new tools to improve their performance, explains A K Bhattacharya.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
The self-employed should invest in the National Pension System, a government-backed, low-cost retirement avenue where they can choose the mix of debt and equity that is right for them.
rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
Speaking at the Congress manifesto launch programme, Gandhi said it is a much closer contest than what is propagated by the media, and expressed confidence in winning the polls.
Hybrid mutual fund (MF) offers, expected to drive higher investor interest after the change in debt fund taxation, are set to end 2023 with the slowest account growth in the past three years. Investment accounts in hybrid funds are up 5.7 per cent so far in 2023 compared with 7.6 per cent in 2022 and 20 per cent in 2021, shows the data from the Association of Mutual Funds in India (Amfi). In 2020, the count had dipped 2.4 per cent.
SBI has twice hiked interest rates on fixed deposits within a month, but an investor still gets better returns at the post office.
According to tax experts, the restructuring would lead to a much lower tax outgo on dividend distribution.
'It makes sense to have gold in one's portfolio keeping the political and economic risks of 2024 in mind.'
If an individual invests in the specified tax saving schemes of the government, the effective tax-free income limit will be Rs 650,000 a year.
In a most perverse example of tax bullying, someone I know has got by three such notices reopening his assessment minutes before the midnight deadline of June 30, reveals Debashis Basu.
rediffGURU Nikunj Saraf suggests considering small-cap, mid-cap, and multi-cap mutual funds.
State-backed Life Insurance Corporation of India (LIC) recorded strong growth in the value of new business (VNB) margin in the third quarter of financial year 2023-24 (Q3FY24) while major listed private life insurers reported a weak performance. VNB refers to the profit that an insurer is likely to garner from new business, which comes from policies sold in a particular period. VNB margin is the profit margin of the insurer.
Investment options that can help you minimise your tax outgo and stash that little extra away for a rainy day.
'We now look at divestment as an opportunity for maximising the value of public assets, not necessarily as a short-term resource-raising measure.'
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
rediffGURU Vivek Lala answers your income tax and personal finance queries.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Marico's January-March quarter (Q4) results were slightly better than consensus. Revenue was up by 1.7 per cent year-on-year (Y-o-Y) to Rs 2,280 crore. Ebitda grew by 12.5 per cent Y-o-Y to Rs 440 crore. Adjusted PAT was up 10.3 per cent Y-o-Y to Rs 320 crore.
It is best to invest long-term surplus in stocks or equity mutual funds.
'I am shocked that the BJP makes so many commitments. What did they deliver as the NDA?'
Employees should review the accuracy and completeness of the information provided in Form 16. They should confirm that all the tax deducted has been credited correctly.
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