On July 9, 2015, U.S. Ambassador to India Richard Verma and Indian Revenue Secretary Shaktikanta Das signed an agreement to implement the Foreign Account Tax Compliance Act (FATCA). The agreement is designed to increase transparency between the two nations on tax matters. The agreement takes effect September 30 and underscores growing international cooperation to end…
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…
Definition : The shares trading below their intrinsic value are considered value stocks and can be considered good investments. Investment Guru Benjamin Graham and Warren Buffett pioneered this concept. Value stocks may not be confused with penny stocks which trade at below par prices. Explanation : A value investor seeks under valued stocks ie stocks…
Reliance Mutual Fund recently got the government nod to launch a pension plan. This is the third such plan from a fund house. The first two — from UTI MF and Franklin Templeton MF — were launched 15 years ago. The fund house’s plan is the first to offer an aggressive equity option to investors.…
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…
Definition : Securities Transaction Tax (STT) refers to the tax levied on transaction (purchase or sale) of securities listed on the Indian stock exchanges. Such securities include equity shares, derivatives and equity-oriented mutual fund units. The rate is specified by the Central Government from time to time. STT is not applicable for any off-market transactions.…
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…
Definition : Rupee Cost Averaging is the technique of investment in which a fixed sum is invested to purchase securities at a regular interval irrespective of the price. There are two broad ways of investing funds: one by way of one time lump sum amount and another by way of systematic investment (recurring or SIP).…
Definition : Zero Coupon Bonds or ZCBs have no “coupon” or interest rate/ payments attached during the tenure of the bond. To compensate this, ZCB is issued at a discounted price, which is less than its face value. At the time of maturity, investors receive the payment at face value. The positive difference between the…
