Golden rules to follow when taking a loan
Are you in need of money? Is there any medical emergency? Do you want to buy your own house? Are you looking forward to fulfilling your goal of having a luxury car? If yes, then you have ample options in the market to take a loan to fulfill your needs. Nowadays, you get a lot of phone calls, SMS, mails that offer you an instant loan. Most of the time, we get lured by hearing the attractive...
Which ITR form to use for filing returns for AY 2020-21?
When it comes to ITR filing, it gets tricky to choose the income tax return form amidst various options available. Currently, there are seven valid forms to choose from as some of the previous ones have been discontinued or replaced by others. The Income Tax Return forms have to be filled with information regarding the company or individual’s income and tax, which then needs to be...
IPO – Mrs. Bectors Food Specialities Ltd
Mrs. Bectors Food Specialities Ltd is one of the leading companies in the premium and mid-premium biscuits segment and the premium bakery segment in North India. They have come up with an IPO which opens on 15th December 2020 and closes on 17th December 2020. Please find below some basic details :- Price band – 286 – 288 per share Bid lot – 50 shares and in multiples of 50...
Should you invest international funds?
Nowadays, you must be hearing people investing in international equities. Also, many advisors might be talking to you about investing in international markets and get some global exposure. You must be hearing terms like “overseas investments”, “international equity” and “Global Diversification”. In the last year during the COVID-19 pandemic, the number of folios in mutual fund schemes that...
Gold Mutual Fund vs Gold ETF
In India, buying gold is more of a tradition than just investing. It is considered as a symbol of prosperity and luck. This auspicious metal has given good returns over the long term. When you create your wealth portfolio, it is suggested to allocate atleast 10-15% to Gold investment. This is majorly because this yellow metal is used to hedge against inflation and is also negatively...
FD vs. ELSS – Where does Mr. Gupta invest and why?
As we are heading close to year-end, it is imperative to check if you have made the required investments to save tax. If you have not done any tax planning for FY 2020-21 yet, it’s time to make a decision as we are already entering the month of December. You should not keep these tax-saving investments till the last moment i.e. 31st March 2021. The earlier you do it, the better it is. Mr....
Benefits of investing in Global Markets
When it comes to investing in the stock market, it is always better to become a long term investor rather than becoming a trader. It is relatively highly risky to do intraday trading or trade in futures and options. As an investor, one should focus on creating long term wealth through equity markets and not just short term gains which are based merely on chance. We all understand that...
Disclosing LTCG from Stocks, Equity Mutual Funds.
Income Tax Returns (ITR) for individual taxpayers have to be filed by 31st Dec 2020. This means that it’s time to evaluate your finances and declare all sources of income, so your taxes can be filed correctly. While the process of filing your ITR has been one which has traditionally been riddled with complicated forms and procedures, the government has taken active measures in order to make...
Know the Tax Treatment for Mutual Funds
Mutual Funds are one of the best investment avenues when it comes to creating wealth in the long term. In order to grow your wealth, your portfolio needs to beat inflation and mutual fund is an investment avenue which ensures that you beat inflation in the long term. It seems quite convenient for those who do not want to jump into the market directly. Since mutual funds are professionally...