The newly launched Annual Information Statement (AIS) is a tool that tells taxpayers what the tax department knows about them. AIS is a comprehensive statement containing details of all the financial transactions undertaken by you in a financial year (FY), i.e., it contains the information that are specified under the Income-tax Act, 1961. AIS contains information related to income earned from various sources such as salary, dividend, interest from savings account, recurring deposits, sale and purchase of equity shares, bonds, mutual funds etc. The statement also contains information related to TDS, TCS and any tax demand or refund. Here is…
Author: Miley Selena
Did you know that just 18 companies earned more than 50% of the total profits of listed companies in FY21 in India? That is right, the largest listed companies command a lion’s share of the profits’ pie of India Inc. How much does profitability of a company matter when it comes to picking a stock, especially as a long term investment? “Undoubtedly, net profit is one of the most important factors to be studied while investing in any stock. Read more: EconomicTimes
HONG KONG SAR – Media OutReach – 15 November 2021 – Established in 1963 and still expanding, The Chinese University of Hong Kong (CUHK) is ranked among the best research universities internationally, 39th in the World# and 7th in Asia*. As a pioneering institution, the University gathered a team of worldwide scholars and scientists, globally appreciated for its outstanding research in a wide range of disciplines. It is the centre of excellence for cutting-edge, interdisciplinary research with a global impact while making significant benefactions to society by transposing research findings into practical utilisation. The University boasts an array of over 300 research institutes…
SBI credit card in its email to its customers has informed that processing fees of Rs 99 plus taxes will be levied on all EMI purchase transactions with effect from Dec 1, 2021. Processing fee will be levied for all EMI purchase transactions done at merchant outlets, e-commerce websites and app using SBI credit cards. This is likely to hit the burgeoning purchases being made by cardholders using EMI payment options offered by merchant websites such as ‘Buy Now Pay Later’( BNPL) etc. It may make BNPL purchases using SBI credit cards more expensive. The credit card company, in an…
1. The portion of the medical expense that a policyholder needs to pay when he receives medical services is called co-payment. The remaining amount is paid by the insurance company. 2. Co-payment is fixed amount or percentage which is preset for various treatment and services. 3. It has to be paid each time the policyholder gets a health care service. 4. A co-payment clause in a policy lowers the premium amount for the policyholder. 5. Typically applicable to senior citizens in health insurance policies in India. (Content on this page is courtesy Centre for Investment Education and Learning (CIEL). Contributions…
Buy Now Pay Later is gaining popularity due to its transparency and flexibility and would soon become the preferred way to purchase, Vandhana Parkavi Valaguru, Country Head, Sezzle India tells ET Wealth. Can you explain in brief how the Buy Now Pay Later facility offered by Sezzle works? Sezzle’s Buy Now Pay Later (BNPL) option is very simple. At the time of purchase, a user has to pay only 25% of the billed amount. Two weeks later, he pays another 25%, four weeks later another 25% and at the end of sixth week the remaining 25%. This way a customer…
In this week’s ET Wealth realty hot spot series we take a look at a well connected residential area of Narol Naroda Road in Ahmedabad. The area covers the localities of Naroda, Nava Naroda, Maninagar, Maninagar East and Narolgam. It offers affordable properties, catering to low and mid segment. It has easy access to several industrial areas nearby as well as office parks situated in other prominent areas. The area is also host to shopping malls, educational institutions and hospitals. Narol Naroda Road, Ahmedabad is 14 KM away from the airport, 6 KM from the nearest railway station and 4…
ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision. How the fund has performed Where the fund invests Basic facts Date of launch: 26 December 2007 Category: Equity Type: Mid Cap AUM (As on 30 September 2021): Rs 1,707 cr Benchmark: NIFTY Midcap 100 Total Return Index What it costs NAV (As on 1 November 2021) Growth option: Rs 51.14 IDCW: Rs 31.57 Minimum Investment: Rs 5,000 Minimum SIP amount: Rs 500 Expense ratio (As on 30 September…
By Sudhir Kaushik of Taxspanner.com Noida-based software professional Vijay Sharma pays a high tax because he does not claim all the tax deductions available to him. Taxspanner estimates that Sharma can reduce his tax by more than Rs 82,000 if he opts for a home loan, invests in the NPS and his company rejigs his salary structure by replacing some of the taxable allowances with taxfree perks. Income from employerIncome from other sources Sharma lives in his parents’ house and does not claim HRA exemption. He plans to buy a house this year. If he takes a home loan, he…
Not many investors know whether they have invested in the right funds and if their fund portfolio is on track. The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals. I. Darshana is investing for her child’s education and retirement. Here’s what the doctor advised her. Goals Portfolio recommendations Portfolio check-up Investing small amounts in equity and hybrid funds. Stopped…