10 Income Tax Return Filing Tips To Remember
The Income Tax Department of India has announced the last dates to file Income Tax Return (ITR) for financial year 2019-2020. After several extensions, the date for individuals, Hindu Undivided Family, Body of Individuals and Association of Persons has been finalised on 30th November. Businesses requiring Audit & Transfer Pricing report need to carry out their tax return filing by...
4 Important Financial Ratios to check before Investing
Managing your personal finance and taking a right investment decision is very crucial to create long term wealth. Stock investing is important in order to grow your wealth to meet your goals. You can invest in stocks directly or through mutual funds. If you are not a risk averse investor, you may look at investing in the stock market directly. However, it requires careful analysis of...
Daily Market Analysis – 09th Oct 2020
1. RBI Governor Shaktikanta Das announced that MPC has kept the policy rates unchanged (Repo rate 4%, Reverse Repo rate 3.35%) and is to maintain an accommodative stance. 2. The Union Cabinet on Wednesday announced a new e-bidding platform to promote market price discovery of natural gas produced from fields across a number of contractual regimes, where producers already have pricing...
Daily Market Analysis – 08th Oct 2020
According to the new Industrial Code 2020, Private companies in India can hire as many workers as they like using the the fixed term contract route without going through the contractor . Due to this new reform it helps industries hire seasonal workers for a short term period and allow these industries to save the cost and effort by hiring people without an intermediary. 2) ...
Daily Market Analysis – 07th Oct 2020
TCS Buyback shares in Tata Sons Shapoorji Pallonji is selling its 18.4% stake in Tata Sons back to the group, to which TCS has decided to buy back shares in Tata Sons. The buyback can be worth up to Rs 22000 cr with approval of shareholderThis will ensure cash flows to the promoters who at this point in time are in need of funds for Tata Motors. IPO Likhita Infrastructure...
Daily Market Analysis – 06th Oct 2020
1. Indian Government keen to resolve pending issues with Neighbouring Countries In its efforts to improve strategic relations with neighbouring countries on east India has reached out to Myanmar to discuss the possibility of building a petroleum refinery in the Thanlyin region. The project has an estimated investment cost of $6 billion. Myanmar has a booming energy industry and China...
Why Do You Need Critical Illness Health Insurance Plans?
The modern times have seen a whole lot of progress in science and technology. There are newer and improved treatments for critical diseases which were not available earlier. As such, life expectancy has increased. However, one cannot ignore the rising incidence of diseases too. Modern man is increasingly falling ill with major illnesses. Heart-related ailments, cancer, organ transplants,...
Daily Market Analysis – 05th Oct 2020
1. Pradhan Mantri Awas Yojna (PMAY) Pradhan Mantri Awas Yojana is an initiative by the Government of India in which affordable housing will be provided to the urban poor with a target of building 20 million affordable houses by 31 March 2022. Some defined benefits of PMAY are given below:- Avail subsidy upto 2.67 Lakhs*Interest subsidy at a rate of 6.5%* for a tenure of upto...
Know How To Structure Your Salary To Save Tax
Your salary is made of many components like basic salary, allowances (taxable and exempt), perquisites, etc. While calculating taxable salary, some of these components are taxed as per the Income Tax Act, whereas some stand exempt under the law or partial for some of the cases, subject to conditions. We will give you some of those items or parts of the salary structure, which would help you...