ITR 1 FILING PROCESS
Registered users of the e-Filing portal can pre-fill and submit their ITR-1 forms. Individual taxpayers can use this service to file ITR-1 online via the e-Filing portal and by gaining access to the offline tool. This user guide describes the ITR-1 online filing procedure. To File online visit the https://www.incometax.gov.in/IEC/FOPORTAL website. Registered users with valid USER ID and...
ITR 2 FILING PROCESS
Registered users of the e-Filing portal can pre-fill and submit their ITR-2 forms. Individual taxpayers can use this service to file ITR-1 online via the e-Filing portal and by gaining access to the offline tool. This user guide describes the ITR-1 online filing procedure. To File online visit the https://www.incometax.gov.in/IEC/FOPORTAL website. Registered users with valid USER ID and...
Market Morning Notes For 29th March 2023
The market witnessed listless trading activity with Nifty forming a lower high and higher low setup after a Doji star on the previous day. This setup indicates that breakout would now be activated on a move above 17,060 for an immediate reaction towards 17,500. The last few days of the financial year end are seen as portfolios realigning towards low volatility stocks and hence, we can expect...
Market Morning Notes For 28th March 2023
Market activity on Monday turned range bound between 16900-17100 after an initial gap-up opening. But late selling in midcap and small-cap counters forced Nifty to end with marginal gains and formed an indecisive signal of Doji Star. The announcement of Russia planning to put nuclear weapons in Belarus acted major dampener in recovery in the global market. The movement in S&P...
Weekly Market Report From 20th to 24th Mar 2023
Caution prevails; Global cues in focus this week Volatility was high last week on subdued global market sentiments as fears of contagion in the global banking sector weighed. Cautiousness also prevailed after the government hiked securities transaction tax (STT) on futures & options contracts. Globally, the US Fed increased the rate as was widely expected by 25 bps to 4.75-5 pct. The...
Market Morning Notes For 27th March 2023
Nifty last week tried to defend support of 16800 and managed to restrain weekly losses to less than 1%. Such capitulation was possibly mainly on the back of a rebound from S&P Dollex 30 i.e., Sensex in USD terms which was able to firmly hold the neckline of the inverted Head & Shoulders pattern which was bullishly activated in the month of Nov 2022. This breakout failed to carry...
Will Taxing High-Value Insurance Benefit Debt Mutual Funds?
Life insurance has always been a preferred investment option for all people due to the financial security it offers to a family after the demise of the policyholder. It also becomes ideal for people with a conservative risk profile. In the budget 2023, it was announced that high-value insurance purchases would henceforth be taxed with effect from 1st April 2023. This newly introduced...
Market Morning Notes For 24th March 2023
Markets ended lower after a failed attempt to surpass 17,156 in Nifty, mainly on the back of selling in financial stocks. The sharp drop in USDINR led the Dollex 30 index i.e. Sensex in USD terms to end on a flat note, thus implying overall strength in the market. With India VIX on the verge of triggering a major breakdown below 14.30, we expect Indian markets to gain momentum on the cross...
Market Morning Notes For 23rd March 2023
Market activity remained laggard on Wednesday ahead of the crucial Fed meet and merging of settlement which led to Nifty inching marginally higher but failing to cross 17156. The Fed raised key rates by another 25 bps, however, the commentary suggested some additional policy firming. However, it is the comment from Treasury Secy Yellen that spooked the markets- she says not considering a...