In the context of upcoming General Elections, Budget 2018-19 laid a strong focus on the agricultural, Infrastructure, healthcare and education sectors in the country. Some of The Key Highlights of the budget are as follows: Taxation: 1) No change in the structure of the income tax rate for individuals, HUF, Firms and Companies. 2) For AY…
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…
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…
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…
