Retirement planning is one of the most important goals in the life of an individual. Typically, individuals prepare during their 30 years of working age acquiring knowledge, skill and sufficient income in order to live a good life post-retirement. The post-retirement life is expected to be as long, with increase in life expectancy and hence…
As on December 31, 2014 Reliance Tax Saver Fund stood at number one position under the equity tax planning category. Its Net Assets stood at Rs. 3618.07 crore. For a time period of one year the fund has given a substantial 86.49%, while for a time period of three years the fund has given a…
Please find herewith Income-tax Rates in India for Resident Individuals / HUF, Domestic Corporates and NRIs on Investments in Equity Mutual Fund Schemes for the FY 2014-15. Budget 2014 saw two changes in the tax applicable to mutual fund investments in non-equity schemes. One is regarding Dividend Distribution Tax (DDT) and the second is regarding…
(Source: SEBI Website) SEBI in its Board meeting held on 13th February has approved a Long term policy for Mutual Funds in India and also proposed Tax and Non – Tax incentives if implemented, this could become a gamechanger for the MF industry and thus Congratulate SEBI for this. Long Term Policy for Mutual Funds…
The procedure for PAN allotment process will undergo a change with effect from February 3, 2014. Applicants for Permanent Account Numbers (PAN) will have to produce original documents of proof of identity, address and date of birth for verification at the time of applying. Copies of proof of identity, address and date of birth attached…
By now you would have probably received a notification email from your company HR or from your local income tax filing support firm reminding that it’s time to start collecting your investment proof documents for filing the income tax for the current fiscal year. The details that you file regarding your income, investments and tax…
For resident Individuals For Men & Women Below age 60 year Percentage Upto – 2,00,000 NIL 2,00,001 to 5,00,000 10 % 5,00,001 to 10,000,00 20% Above 10,00,000 30 % For Senior Citizens (Age 60 to 79 years) Percentage Upto 2,50,000 Nil 2,50,001 to 5,00,000 10 % 5,00,001 to 10,00,000 20 % Above 10,00,000 30 %…
We are receiving queries regarding New Form 15G/15H, its benefits and procedure of filling & submission of Forms. Here we are sharing the complete details Form 15G/15H are Self-Declaration Forms required for Non-Deduction/Lower Deduction of TDS on Interest in Fixed Deposits. Form 15G: This is the form which is filled by any individual below the…
All individual are asking about benefits of the Budget 2012 but no body caring about losses . Nothing has been mentioned about deduction of 80CCF . As per present rule 80CCF is allowed for FY 2011-12,as the same has not been enhanced in Finance Bill 2012. There will no deduction u/ s 80CCF in the…
