Investing in mutual funds can be an excellent way to grow your wealth and achieve your financial goals. Mutual funds are professionally managed investment vehicles that pool money from a large number of investors to invest in a diversified portfolio of stocks, bonds, or other securities. In India, mutual funds are regulated by the Securities …
Mutual Funds in India: Types, Taxation, and Expected Returns Read More »
On March 10, 2023, Silicon Valley Bank collapsed, marking the largest bank failure since the 2008 financial crisis. The collapse sent shockwaves through global markets, leaving billions of dollars belonging to companies and investors stranded. The Federal Deposit Insurance Corporation (FDIC) is racing to find another bank to merge with Silicon Valley Bank to safeguard …
Can you recall the time when the Sahara Group’s name was placed on the jerseys of the Indian cricket team. The Blue T-Shirt was once a popular fashion item, known for its bold color. However, the name “Sahara” has since become associated with controversy. The Sahara scam is one of the largest financial frauds in …
The Sahara Scandal: How a Financial Empire Crumbled Under Its Own Weight Read More »
“Maximizing Your Tax Savings: Smart Options for Salaried Individuals” As a salaried individual, there are several tax-saving options that you can consider to reduce your tax liability. Here are some of the most common tax-saving options available to salaried individuals: Section 80C: This is one of the most popular tax-saving options available to individuals, which …
Maximizing Your Tax Savings: Smart Options for Salaried Individuals Read More »
India is a country that has undergone significant economic growth in the last decade, with many opportunities opening up for both local and foreign investors. To start a business in India, it is essential to choose the right corporate structure that suits your needs. The choice of corporate structure depends on various factors such as …
Want to Start a business – Here is the Corporate Structure you can choose! Read More »
Tax Implications for Indian Residents Investing in the US Stock Market. To start, let’s explain where we can invest. According to RBI policy, an Indian citizen may send up to 2.5L USD abroad. Simply put, a resident of India may invest up to 2.5L USD. Therefore, investing is possible in stocks from any nation. There isn’t a restriction per se, but almost all fintech platforms offer a way to invest in US stocks. Let’s now examine the benefits and drawbacks of investing in US markets.
On Wednesday, the price of Adani Enterprises stock fell by 26.7%. Over 94000 Cr of investor wealth has been lost. Even when the FPO was successfully closed, this decline was seen. The FPO has a 20,000 Cr issue size. On Wednesday, the opening price is Rs 2995.2. The issuance was oversubscribed by 112% even though …
Adani FPO Withdrawn – Shares down 26.7% –What next? Read More »
Millions spend their lives post the age of 60, through the pension, which is sometimes the only livelihood means that remains, in the old age. In the article, we will look towards the various Income tax provisions and Sections related to the income “Pension”. The pension is usually paid out in India on a periodic i.e. monthly …
From the FY 21-22, Form 3CD is required to be filed prior to ITR. After introducing this mechanism, there are many instances where 143(1) notices are received immediately after filing of return for mismatch between form 3CD & ITR. One such instance is non-disclosure of GST refunds as income u/s 26 of Income tax act. …
Notice 143(1) for GST/Other refund reported under Clause 16 of Tax Audit Read More »
Existing Regime Vs Old Regime – FAQ 1. What are the applicable slabs in the new concessional personal tax regime (new regime)? Below are the slabs for both existing and new regime (non-senior citizen category) 2. Which benefits / exemptions / deductions are NOT available in the new regime? Given below …
Investing in equity mutual funds is a challenging task. Choosing a scheme with the right combination of choice of stocks, and good performance can be a difficult process. While selecting an equity portfolio, the market capitalization (Refer below for the meaning) or size of the company is an important parameter. After all, the market capitalization …
Investment in mid cap & short term funds – Top funds & taxation Read More »
Introduction: The National Pension System (NPS) is a voluntary defined contribution pension system in India. It has been introduced by the Government of India in the year 2004 to provide Retirement Savings Benefits to the Central Government Employees. In the year 2009 it was opened up for all Citizens of India between the Age of 18 and …
All about National Pension Scheme – Investment, Withdrawal & Tax implications Read More »
Introduction Investing in equity mutual funds is a challenging task. Choosing a scheme with the right combination of choice of stocks, and good performance can be a difficult process. While selecting an equity portfolio, the market capitalization (Refer below for the Meaning) or size of the company is an important parameter. After all, the market …
Investment in Large cap funds – Top funds & taxation Read More »
Ministry of Corporate Affairs (MCA) vide its notification dated March 24, 2021 amended the Companies (Audit and Auditors) Rules, 2014 (“The Audit Rules”), Companies (Accounts) Rules, 2014 (“The Account Rules”) and Schedule III to the Companies Act, 2013 (“the Act”). These amendments are effective from 01 April 2021. Consequent to the amendment to the Audit Rules, the auditors are now additionally required to report …
Investments / Payments / Incomes on which Individuals can get Tax Benefit – Section 24(b) – Deduction from Income from House Property on interest paid on housing loan & housing improvement loan. In case of self- occupied property, the upper limit for deduction of interest paid on housing loan is ₹ 2 lakh. However, this …
All deductions available for Individuals while filing IT Returns Read More »
1. ITR-1 (SAHAJ) – Applicable for Individual This return is applicable for a Resident (other than Not Ordinarily Resident) Individual having Total Income from any of the following sources up to ₹ 50 lakh Salary / Pension One House Property Other sources (Interest, Family Pension, Dividend etc.) Agricultural Income up to ₹ 5,000 Note: ITR-1 …
Returns applicable for Individuals – Which ITR should you file? Read More »
To provide an opportunity to correct an error, taxpayers can now file an updated return within 2 years from the relevant assessment year Both Centre and States govt employees’ tax deduction limit to be increased from 10% to 14% to help the social security benefits of state government employees and bring them at par with …
ICICI Direct – Google’s investment – a strategic move! About the company: Bharti Airtel (Airtel) is India’s second largest telecom operator with a revenue market share of ~36% as on Q2FY22. The company has ~35.5 crore wireless customers in India (November, 2021) and ~12.9 crore subscribers across operations in 14 African countries. It enjoys …
Buy Bharti Airtel ( Google Investment – A Strategic Move) – Potential upside 20% Read More »
Following are the key Expectations by ICICI Direct –GDP growth, tax collections to remain buoyant; higher disinvestment to provide further fillip: GDP growth, tax collections to remain buoyant; higher disinvestment to provide further fillip: Nominal GDP is expected to grow at historic high rates of ~17.6% in FY22IE to reach $3 trillion. We expect growth …
Schdule III – Part ‘C‘ The following are the useful lives of various tangible assets: Nature of assets Useful Life I. Buildings [NESD] (a) Buildings (other than factory buildings) RCC Frame Structure 60 Years (b) Buildings (other than factory buildings) other than RCC Frame Structure 30 Years (c) Factory buildings -do- (d) Fences, wells, …
Schedule II of Companies Act, 2013 – Depreciation Read More »
ICICI Bank net profit rises 25 per cent to Rs 6,194 crore in the third quarter of the current financial year and Standalone RoE at 15%.Strong traction continued to build up on both sides of the balance sheet, with average CASA ratio of 45% (deposit growth at 16.4% YoY) and industry-leading loan growth of 16.4% …
Brokerages recommended this bank stock post results – Do you own? Read More »
GMR Infrastructure has fixed 12 January 2022 as record date for the purpose of determining the shareholders of the Company who shall be entitled to receive 1 (one) equity share of Rs. 5/- each of GMR Power and Urban Infra for every 10 (Ten) equity shares of Rs. 1 /-each held by them in the …
GMR Infrastructure fixes record date for scheme of arrangement. Should you Invest? Read More »
GMR Infrastructure has fixed 12 January 2022 as record date for the purpose of determining the shareholders of the Company who shall be entitled to receive 1 (one) equity share of Rs. 5/- each of GMR Power and Urban Infra for every 10 (Ten) equity shares of Rs. 1 /-each held by them in the …
Vijay Kedia bought 2.8 lakh shares of Talbros Automotive Components valuing 12.3Cr during the Dec 2021 quarter. Talbros is a diversified auto component player with presence across automobile categories in Passenger Vehicles, Commercial Vehicles, Two-wheelers, Three-wheelers, Agricultural machinery, Off-loaders and Industrial vehicles. Commenting on the performance Mr. Anuj Talwar, Jt. Managing Director, Talbros Automotive Components …
Talbros Automotive Components Ltd shares up 8% – Vijay Kedia bought 2.25% Stake Read More »
The Board of Directors of the Company is scheduled to meet on Monday, January 10, 2022, to consider declaration of Interim Dividend, if any, for the Financial Year 2021-22. The Company has fixed Friday, January 21, 2022, as ‘Record Date’ for the purpose of determining the eligibility of Members entitled to receive the Interim Dividend …
RailTel Board to consider declaration of Interim Dividend on January 10,2022 Read More »
ICDS were issued and implemented w.e.f FY 2016-17 by the Government of India in exercise of the power conferred to it under 145(2) of Income Tax Act, 1961. In order to ensure adequate compliance, Form 3CD was amended by insertion of Clause 13 for the Tax Auditor to verify the compliance. Clause 13 (d) to …
TATA MOTORS EV – Sales up 439% at 2255 Vehicles vs 418 Vehicles in December 2020. Q3 EV sales up 342% at 5592 Vehicles vs 1256 Vehicles and EV penetration touched 5.6% of PV Sales in Q3 vs 1.8% yoy. Tata Motors has an upper hand with two popular affordable electric vehicles in its product …
In India, cryptocurrencies have become a rage. The country is said to have the second-highest adoption rate. The spurt has caught the government’s attention, and according to media reports, the government is mulling taxing blockchain ecosystems, which include cryptocurrencies and non-fungible tokens (NFTs). Currently, there are no specific guidelines regarding the taxation of Crypto Currencies …
Employee Provident Fund (EPF) is a government-backed scheme and is a compulsory deduction for salaried employees. It is a fund to which both the employee and employer contribute 12 per cent of the employee’s basic salary each month. Generally, the accumulated or a part of the amount in an EPF account can be withdrawn by …
PF Withdrawal – COVID 19 Advance – Limit & Process to claim Read More »
