Amitava Chakrabarty

Articles By Amitava Chakrabarty

639 Articles

Tax benefits on NPS Tier II accounts bring it at par with ELSS for govt employees

Recently, the government has decided to provide its employees 80C benefits on contributions made to Tier II accounts, provided such contributions are made for at least three years.

National Pension System, NPS, NPS Tier II Account, mutual fund, MF, equity linked saving scheme, ELSS, tax benefits, 80C tax benefits, voluntary contribution to NPS, 80CCD(1B), equity, debt, government securities

IRDAI releases guidelines for Corona Kavach, 29 insurers to issue the Covid-19 specific policy

IRDAI has released standard features of the Covid-19 specific health insurance plan Corona Kavach and has allowed 29 General and Health Insurance companies to market the Policy.

Coronavirus lockdown, Novel Coronavirus Covid-19, Covid-19 pandemic, health insurance, Covid-19 insurance cover, IRDAI, Corona Kavach plan

Income Tax Benefits for Senior Citizens: Know the advantages that elderly people enjoy

Senior Citizens between 60 and 80 years of age and Very Senior Citizens above the age of 80 years enjoy additional tax benefits compared to those available to individuals below the age of 60 years.

income tax, income tax return, ITR, individual assessees, senior citizens, very senior citizens, income tax benefits, exemtion limit, 80D benefits, 80DDB benefits, 80TTA, 80TTB, advance tax, offline filing of ITR

Government Securities vs Gilt Funds: Taxation, risk, return, liquidity compared

Gilt Funds are part of the Debt Mutual Fund (MF) category that invest in various government securities of different duration and hence have similar risk and return profile.

Government Securities vs Gilt Funds, G-Secs, treasury bills, government bonds, Debt Mutual Fund, MF, default risk, duration risk, capital gain, Taxation, risk, return, liquidity, safest investment

Tax Alert! Your share trading, other data will now be with Income Tax Department

A formal Memorandum of Understanding (MoU) was signed today between the CBDT and SEBI, via video conference, for exchange of data between the two organisations.

income tax, income tax department, Central Board of Direct Taxes, CBDT, Securities and Exchange Board of India, SEBI, Memorandum of Understanding, MoU, income tax return, ITR, share trading, cpaital gain, capital loss

Another setback for debt mutual fund investors as UTI segregates portfolios of two funds

India's oldest AMC – Unit Trust of India (UTI) – has decided to segregate portfolios in respect of debt securities of Zee Learn Limited in UTI Credit Risk Fund and UTI Medium Term Fund.

Unit Trust of India, UTI, portfolio segregation, debt securities of Zee Learn Limited, UTI Credit Risk Fund, UTI Medium Term Fund, mutual fund, MF, debt-oriented fund

Sovereign Gold Bond: Amid high gold prices, SGB is available at a discount; Should you invest?

Not only the outright discount that the investors would get by opting to invest in SGB over physical gold, but there are several other advantages also.

Sovereign Gold Bond, SGB, physical gold, gold jewellery, gold ornament, high gold prices, advantages of investing in SGB, SGB at discount

Corona Crisis: How to manage your finances to survive amid salary cut, job loss?

Not only the workers employed in the unorganised sector, but employees of the organised sector are also facing hardship due to salary cuts and job losses.

COVID-19 pandemic, salary cut, job loss, cost of living, SIP, EMI, EMI moratorium, Provident Fund, PF withdrawal, gold loan, PPF, NPS, loan against insurance policy, loan against securities, mutual fund, MF

New RBI Bond vs Bank FD: Which investment option is better for you?

The new series of floating-rate Bonds issued by the RBI will have interest rate risks with the rate of interest to be reviewed in every six months.

RBI Bond, RBI floating-rate Bonds, Floating Rate Savings Bond 2020(Taxable), FRSB 2020T, sovereign guarantee, interest rate risk, fixed deposit, Bank FD, New RBI Bond vs Bank FD, small finance banks

What happens to MF investment when an investor dies without nominating anyone? AMFI guideline

A person may apply for single holding or maximum three persons may apply for joint holding and may choose to nominate no one or may choose to nominate maximum three persons.

Motilal Oswal AMC, Motilal Oswal Multi Asset Fund, equity, debt, gold, diversified

New RBI Bond indicates further rate cuts! Should you invest in it?

Instruments with floating interest rates are issued only when there are predictions that the overall interest rate will fall and the issuer needn't pay higher interest for the entire investment period.

Reserve Bank of India, RBI, RBI Bond, RBI floating interest bond, coupon rate, interest rate, National Savings Certificate, NSC, Citizens Savings Scheme, SCSS, Pradhan Mantri Vaya Vandana Yojana, PMVVY, Bank Fixed Deposit, Bank FD, Debt Mutual Fund, MF

Apps Ban: Difficulty in scanning documents may hit e-KYC, investments; Alternatives you may try

With very few people having a full fledged document scanner at their homes, most applicants rely on mobile scanning applications for scanning and uploading the required documents.

Chinese App Ban, Cam Scanner, Know Your Customer, KYC, e-KYC, onine investment, video KYC, uploading documents, mobile scanning applications, alternatives to Cam Scanner, Kaagaz Scanner App, Adobe Scan App, Microsoft Office Lens App

Investing in ELSS to save taxes? You have to pay more now to get full tax benefit

With the implementation of the Stamp Duty on financial securities transactions at the national level, 0.005 per cent Duty will be charged on amounts invested in MFs.

Stamp Duty, financial securities transactions, Stamp Duty at national level, Equity Linked Savings Scheme, ELSS, tax-saving instrument, 80C benefits, mutual fund, MF, stamp duty on MF transactions

How technology made life easy during Covid-19 lockdown

For those locked down at their homes, thankfully, technology was a saviour during the lockdown as people were able to do many things virtually.

Coronavirus Outbreak, Novel Coronavirus COVID-19, global health crisis, nationwide lockdown, COVID-19 lockdown, OTT platforms, Hotstar, Amazon Prime Video, online games, Online grocery, fitness apps

Income Tax Return Forms are available: Can you file your ITR now?

Out of the seven ITR Forms, only three Forms – ITR-1, ITR-2 and ITR-4 – have been uploaded for filing the return of income for the AY 2020-21 online, while other are available offline only.

income tax, Income Tax Return, ITR, ITR filing, ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, ITR-7, COVID-19 lockdown, Form 16, Form 16A, Form 26AS, who can file ITR offline, TDS

Stamp Duty to make investments in MF, ULIP, NPS, PF, other instruments expensive from July 1

Stamp Duty is well known in property transactions, but according to the Indian Stamp Act, 1899, the Duty is levied on every financial instrument at the time of issue at the primary market.

IRDAI asks insurers to launch standard Covid-19 health covers with same name, features

It would be the first instance that all the insurance companies will launch a plan with the same name as the insurance regulator IRDAI has decided to name the product.

Coronavirus Outbreak, COVID-19, health insurance, Insurance Regulatory and Development Authority of India, IRDAI, insurance claims, Corona Rakshak Policy, features and benefits, standard Covid policy

SIP Cover: Get insurance cover with no extra cost along with your Systematic Investment Plan

SIP Cover is one of the options before investors to have a free life insurance cover to protect themselves and their investment at the time of COVID-19 pandemic.

IDBI Federal Life, COVID-19 pandemic

Franklin Templeton Debt Fund Freeze: Ray of hope for investors to get back their money

As debt mutual funds are less riskier than the equity funds, people often park their short-term money and even emergency funds in debt MF.

mutual fund, MF, debt mutual fund, debt MF, debt fund, freezing of Franklin Templeton Debt Funds, SEBI, bond failures

ITR filings fail to take off as extensions in compliance deadlines put updation of Form 26AS on hold

One of the important documents – that helps taxpayers file their returns – is Form 26AS, which contains the figures of taxable incomes and TDS from the income.

income tax, income tax return, ITR, due date for ITR filing, Novel Coronavirus COVID-19, COVID-19 lockdown, extension in compliance deadlines, Form 16, Form 16A, Form 26AS, CBDT, Income Tax e-Filing

Time to go cashless? TDS, other charges to make cash withdrawals more expensive

The government has tightened the provision under Section 194N by lowering the original threshold of cash withdrawal from Rs 1 crore to Rs 20 lakh to levy 2 per cent TDS.

cash withdrawal, charge on ATM withdrawal, cashless economy, digital economy, cash withdrawal to become expensive, charges on ATM withdrawal above Rs 5000, limit on free ATM withdrawals

You may invest till July 31 to save taxes for FY 2019-20 and to keep PPF, SSY, NSC accounts active

If you have missed the opportunity to make full tax-saving investments or failed to make minimum investments till March 31, you may do so till July 31, 2020.

income tax, tax-saving investments, extension in tax-saving investment deadline, Novel Coronavirus COVID-19, Covid-19 lockdown, PPF, SSY, NPS, LIC, NSC, health insurance premium

From investments to work from home to entertainment – How videos helped during the Covid-19 lockdown

According to a report, consumers worldwide watch over four hours of online video every day with highest daily viewing in India at five hours and sixteen minutes.

Coronavirus Outbreak, Novel Coronavirus COVID-19, global health crisis, investment, equity market, investment in equities, equity-oriented mutual fund, MF, video KYC, work from home, remote working, video streaming, video conferencing, virtual concert

Senior citizen investment options for 2020: Vaya Vandana Yojana vs PPF vs FD vs Post Office MIS vs SCSS

The priority of investment for a senior citizen, who banks only on retirement corpus, is remarkably different from the investment priority of a working individual.

Senior citizen investment options for 2020, debt mutual fund, MF, Pradhan Mantri Vaya Vandana Yojana, PMVVY, Public Provident Fund, PPF, Fixed Deposits, FDs, Post Office Monthly Income Scheme, MIS, Senior Citizen Savings Scheme, SCSS, TDS, Form 15H

Reduction in 54EC Bond coupon rate on cards: Invest now to get higher return while saving LTCG tax

The 54EC bonds are not only AAA rated, but are backed by the government also, hence the risk factor associated with buying 54EC bonds is mitigated.

rupee, exchange rate, rupee against dollar

Beware! You may lose data, money as major cyber attacks feared

According to CERT-In, cybercriminals would launch a phishing campaign using malicious emails intended to drive recipients towards fake websites.

Novel Coronavirus COVID-19, Coronavirus safety tips, work from home, remote working, cyber security, identity theft, cyber attacks, China, Ladakh standoff, State Bank of India, SBI alert

Covid-19 fear makes people rush for health insurance cover

Financial loss is a real issue in situations like the COVID-19 pandemic when one doesn’t know treatment costs and whether the government will pay or not.

Coronavirus Outbreak, Novel Coronavirus COVID-19, global health crisis, Covid-19 pendamic, health insurance, Max Bupa Health Insurance Covid-19 Survey
Income Tax Calculator, Budget 2019, How to Calculate Income Tax


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