Markets cheered the New Year as major global markets gained in the first fortnight of 2018. There was a general optimism among investors in the U.S. which overcame weak economic data. The unveiling of new rules for European financial markets gave a fillip to sentiment in the region. Upbeat economic data also contributed to the…
As per the recent amendments to Prevention of Money-laundering (Maintenance of Records) Rules, 2005, it is mandatory for investors to link their Aadhaar with their Mutual Fund folio(s) on or before March 31, 2018, failing which investors will be unable to carry out any transactions in the folio. In this regard, the Aadhaar can be updated by your…
80 C : Max limit : 150000/- MF-ELSS, Pension Plans, Life Insurance, PF, PPF etc 80CCD : 50000/- NPS 80CCG : 25000/- or 50% of your investment which ever is less 80D : 25000/- Mediclaim Policy for self spouse, children 80D : 30000/- for dependent parents u/s-80D. Medical reimbursement :- 15000/- US 17(2) 80DDB : Medical expense occurred…
Don’t leave home without these. No matter who you are, how much you earn, or how you invest, a few truths apply to you and your money. Spending money to show people how much money you have is the surest way to have less money. Singer Rihanna earns tens of millions of dollars, but found herself…
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…
Not many of you may be aware that now you can only partially withdraw the accumulated provident fund corpus before retirement. According to a new rule notified by Ministry of Labour and Employment on February 10, if a person after being unemployed for two months or more, wishes to withdraw money from the EPF account,…
