Personal Finance Print

Income tax: CBDT circular comes as relief for minor offences

The CBDT circular comes as a relief to taxpayers who were worried that they may become part of collateral damage as the government ramps up its efforts to take tax offenders to task

Income tax, CBDT circular, CBDT, TDS, TCS, ITR, CBDT circular mandates News

How individual investors succumb to performance chasing behaviour

The return earned by an average investor is lower than return earned by the underlying investment

individual investors, investment return, Behaviour Gap, asset allocation, US market, annual behaviour gap, Indian equity News

How investing in consumer sector gives you exposure to evergrowing segment of economy

Investing in a consumer-focused fund gives you exposure to the ever-growing segment of the economy, the fundamental attributes of which are high cash flows and healthy balance sheets

consumer sector, RBI, Going for Gold, CAGR, employment, GDP per capita, economic growth News

Probability of negative returns declines in long run: Crisil’s Bhushan Kedar

Analysis of data shows that individual investors continued to invest largely through the regular plan route (distributors) at 83% of their AUM compared with just 31% for institutional route.

Bhushan Kedar, director, Funds & Fixed Income, Crisil (Portrait: Shyam Kumar Prasad) News

Indian banks set for solid growth in credit card business

HDFC Bank, Axis Bank and ICICI Bank along with RBL Bank have strong business propositions in the credit cards business

Bank, loan fair, district, industry news, banking news, Baroda Kisan Pakhwada, SBI, State Bank of India, Punjab National Bank, PNB, Bank of Baroda, BoB, Corporation Bank News

Tweak in health insurance policy norms to benefit customers

Irdai has allowed insurance companies to do minor modifications such as changes in frequency of premium payments, change in policy wordings on certification basis without waiting for its approval

nomination, write a will, family members, banks and financial service, legal heirs News

Can you claim tax benefit on HRA for rent paid for dependent parents?

Any HRA allowance granted to meet the expense incurred on payment of rent in respect of residential accommodation “occupied” by the individual is exempt from tax, subject to the prescribed limit.

Any sum of money received from relatives is fully exempt from tax in the hands of the beneficiary. News

Taking an education loan? Know your tax benefits

Deduction under Section 80E is available for the year in which the individual begins to pay interest on the educational loan and continues till seventh succeeding year. Only individuals can claim dedu

The educational loan should be taken from any financial institution or any approved charitable institution. (Illustration: SHYAM Kumar Prasad) News

Stock market: Here are 4 steps that may help you to select a brokerage firm

Sometimes, fees and other costs of brokerage firms can quickly erode your returns and even eat into your principal funds. So read the fine print before signing up for an account with the firm

The broking industry is moving towards replacing the human intervention with chatbots, which is a piece of software that conducts a conversation via auditory or textual methods. However, elimination of human touch in financial services segment is relatively difficult (Illustration: SHYAM Kumar Prasad) News

NBFCs/HFCs may probably continue linking home loans to their PLRs

Usually, the bank will factor in credit-worthiness of the borrower while quoting the interest rate. So I doubt this would be a leverage for you to ask for a better interest rate.

So you may get a loan of Rs 38 lakh with an approximate EMI of Rs 85,000 for 60 months. News

Changing dynamics of income tax scrutiny assessment

If the scrutiny order is prejudicial to the taxpayer, an opportunity would be provided to the taxpayer before issuance of the order

The scheme is designed for team-based assessment with dynamic jurisdiction for optimal utilisation of available resources. (Illustration: SHYAM Kumar Prasad) News

Income Tax Return: How taxpayers need to respond to e-assessments

Technical submissions filed as e-responses by taxpayers should be comprehensive, and logical in structure for easy absorption

As per the procedures under the scheme, the national e-assessment centre, as a nodal agency, would facilitate the conduct of e-assessment in a centralised manner. (Illustration: Shyam Kumar Prasad) News

Non-life insurance: Retail health, motor insurance moderate

General insurers reported slowdown in premium growth in August due to moderation in motor and retail health segments

Crop business indicates new green shoots. (Illustration: Shyam Kumar Prasad) News

Mutual Funds: Inflows in liquid funds gain in August

Out of the net assets of Rs 13.22 lakh crore of debt AUMs, liquid funds have the highest share of 40%, followed by fixed term plans with 11% share and ultra-short duration funds with 7% share. Top eig

Mutual Fund, fund Inflow, liquid fund, personal finance, AUM, equity, hybrid scheme, Assets Under Management News

Check how victims can be compensated at time of natural or man-made disasters

A group insurance cover funded jointly by the government and individuals can be used to compensate victims affected by natural or man-made disasters

life insurance quotes, life insurance policy, life insurance companies, life insurance types, types of life insurance, life insurance mistakes, How much life insurance do i really need, life insurance how it works, tax savings News

Mutual Fund Investment: Why you should invest in direct plan of mutual fund

Since there is no intermediary involved, the AMC does not have to pay any commission or trailing fees. A regular plan is bought through an intermediary who helps the investor understand the investment

Investment, direct plan, mutual fund, expense ratio, mutual fund plan, LTCG, AMC News

Crude oil throws a spanner into the economic recovery works

Equity research analysts appear to be finding cheer at mid-cap companies, that isn’t readily apparent to the macro investor community. The forward P/E ratio for mid-caps has declined below its long

Crude oil, spanner, economic recovery, mid cap company,  bond, equity, personal finance, Corporate bond, G Secs, Fixed Income News

Fixed income: Lock in higher rates in post office deposits this month

Given the falling interest rates in fixed deposits, risk-averse investor are facing reinvestment risks. Ideally, investors should look at some portfolio rebalancing to lock-in at higher rates for the

Fixed income, post office, deposit, income scheme, rbi, reserve bank of india, fixed deposit rates, fixed deposit, SBI, money news, Monthly Income scheme, Kisan Vikas Patra News

Private insurers’ premium collections growth down 11 pct in August

ICICI Prudential Life disappointed with decline of 10% y-o-y, while SBI, Birla Sun Life and Tata AIA reported modest rise of 13-18% y-o-y.

Private insurers, Private insurers premium, insurers' premium collections, basis points, market share News

Can you claim income tax refund if you fail to file revised return within time limit?

The Income Tax Act, 1961 has explicitly laid down the time limits for filing of original and revised tax returns which need to be adhered to strictly.

tax assessment, revised tax assessment, revised ITR, ITR filing, income tax returns News

Market, stop loss or stop limit? Know when to use which order for stocks

To mitigate such type of risks, you could put a stop-loss order, wherein you ask your broker to sell the stock once the price falls to a certain level, known as the stop price, say Rs 255, in this cas

Market, stocks, stock market, shares, best price, current market price News

Car Insurance: When you should avoid filing a motor insurance claim

There are numerous factors that one must consider before making a motor insurance claim in order to enjoy maximum benefits.

motor insurance, motor insurance claim, road accidents, registered vehicles, hit and run cases, influence of alcohol News

Equity investing: Creating wealth with discipline and patience

Every year when he invested money it turned out to be the lowest Sensex level for that year and he got the best buy-price every time. Star-crossed faced the opposite fate.

Equity investing, discipline, patience, creating wealth, asset class, personal finance News

Equity investment: Market has little interest in several large-cap stocks

The cheap valuations of several large-cap. private and PSU stocks underscore the market’s disinterest in certain ‘value’ stocks even as the same market is prepared to pay super-rich multiples fo

Equity investment, Market, large-cap stocks, PSU stocks, majority shareholders, market news

Few key factors to keep in mind for retirement planning

By 2040, it is assumed that among individuals who reach age 65, average life expectancy is projected to rise from 82 to 85 for men and from 85 to 88 for women.

retirement planning, life expectancy, average life expectancy, age of retirement, retirement planner News

Looking at Ulips? Check out the pros and cons

Unit-linked insurance plans are market-linked investment products with a thin crust of life insurance. Market volatility can affect the fund's net asset value daily.

Ideally, an individual should opt for a pure term insurance plan to cover the life risk. For investments, he should look at equity mutual funds for higher long-term returns News

Rental income from jointly-held property taxable in hands of each co-owner

Rental income earned from jointly-owned property is taxable in the hands of each co-owner, in proportion to the share owned.

When income in Form 16 is reported in excess, a revised Form 16 can be obtained from the employer News
Income Tax Calculator, Budget 2019, How to Calculate Income Tax


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