Postal Recurring Deposits Vs. Mutual fund SIPs
Investment is a vast topic, there are many things to consider before investing anywhere. People still prefer going the traditional way, of investing in fixed deposits and recurring deposits. For them, it is the best and safest option to invest in. What they don’t consider is the tax rate. In fact, if you go to see the returns are much less after considering the tax. Recurring deposits are...
Common Mistake While Filing Income Tax Return
As the ITR (Income Tax Return) filing date has again extended till 31st December 2020, the taxpayers are compiling their tax related documents and other relevant certificates and making their sacred rounds to the tax consultant’s office. But what if I tell you that you can file your own Income tax returns without making certain common repetitive mistakes. This would not only...
Daily Market Analysis – 2nd Nov 2020
Telecom Sector Telecom sector is looking at another potential turnaround as Airtel’s net subscriber additions in the past quarter are the highest. Last week Airtel declared an addition of 13.9 million subscribers mostly in 4G as compared to Jio’s 7.3 million additions. In addition, Airtel has done well to keep its churn ratio to an all-time low level of 1.7%. Retention of Postpaid...
Save Tax through Sukanya Samriddhi Yojana
Paying taxes is a duty of every citizen of this country. A part of our hard earned income is returned to the Income Tax Department of India. However, we all desire to save up the most of the money we earn for personal needs or any future emergencies. There are many smart ways to do that. Some do it by investing in mutual funds and other schemes available in the...
Sukanya Samriddhi Yojana Or SIP? The Truth!
So the other day, I had a word with my friend Shaila over the phone, as she needed my help to make a financial decision and since I come from a finance background, she thought I would be the right person to ask. She wanted to know, where she should invest for her child Namrata’s further studies after graduation. She was going to start with a monthly SIP, in a mutual fund scheme, but later...
ITR filing deadline for 2019-20 extended
On Saturday, CBDT (Central Board of Direct Taxes) extended the deadline for filing income tax return (ITR) for FY 2019-20 (AY 2020-21) from 30th November 2020 to 31st December 2020. This is the second time that the due date has been extended this year. Usually, the due date is 31st July which now has been extended till 31st Dec for the current assessment year. This announcement...
Daily Market Analysis – 23rd Oct 2020
SBI Cards and payment services 2nd quarter showed impact of Covid 19 on unsecured loans. SBI Cards reported that its gross NPA rose to 4.3% from 1.4% in April- June Quarter. On Sept 3rd, SC had said, accounts not declared NPA’S till August 31 are not to be declared NPA’s till further orders and SBI Cards have not considered those. Analyst say if they take into account those as well, NPA’s...
Know These Changes In ITR Forms Before Filing!
Income Tax Return (ITR) forms are used by every taxpayer to provide details regarding the revenue earned, sources of income and the amount of tax payable. There are seven kinds of forms issued by the Income Tax Department which you can choose from. The Central Board of Direct Taxes (CBDT) issues new ITR forms every year. The ITR forms for AY 2020-21 (FY 2019-20) have introduced new additional...
Things To Consider Prior To Purchasing A Health Insurance In India
In the modern era of inflation, it becomes imperative to seek out a decent health insurance cover especially if you wish to safeguard yourself as well as your loved ones from falling prey to skyrocketing healthcare expenses. Apart from providing you with adequate peace of mind, it also offers the best chance of recovering back both physically and financially if anything unfortunate happens....