Calm stocks make big ripples on choppy D Street

Calm stocks make big ripples on choppy D Street

Risk-averse investors often prefer buying low-beta stocks, whose returns are ideally more stable than high-beta shares While low-beta in the financial world is often synonymous with safety but boring returns, in the year that has seen equity market rallying over 20%, as many as 24 low-beta stocks in the BSE 100 index outperformed the index itself as on September 22. In comparison, just 21 high-beta stocks beat the benchmark, shows a DNA Money analysis. Risk-averse investors often prefer buying low-beta stocks, whose returns are ideally more stable than high-beta shares….

Read More

What are tax-free bonds and how they work

What are tax-free bonds and how they work

Indian investors seem to be spoilt for choice when it comes to investing. From investment schemes offering monthly, quarterly, half-yearly as well as annual returns, to schemes offering taxable as well as non-taxable returns, the list is endless. Choosing the right investment avenue, therefore, may not be as easy as it appears. One of the hugely-popular investment options, especially among high net worth investors, is tax-free bond. Let’s see what these bonds are and how they work. What are they: A bond is a fixed income instrument carrying a coupon…

Read More

Invest smartly while making last-minute tax planning moves

Invest smartly while making last-minute tax planning moves

Taking advantage of tax deductions for investment under section 80C of the Income Tax Act must start with a list of investments already made to avoid unnecessary over investing for tax deduction. The benefits from tax deductions are provided on a specified range of investments made during a financial year. Time is running out for making investments for the financial year 2016-17, with barely three weeks left. Considering the very limited time available to the taxpayer a warning is warranted – most investments made for tax deductions during the last…

Read More

Last minute Tax Planning guide

Last minute Tax Planning guide

guest: Hello Sir,in my Form 16 I show Rs.150000/- deposited in ELSS fund but actually I deposited Rs.150000/- in my PPF account , is it make any punishment if I file return and get 80C deduction? please must answer. Anil Rego: First you have to confirm the assessment year. if it is for FY2016-17 then , you can ask the concerned department for rectification. if it is for FY2015-16 , then already form 16 would have been generated and further rectification is not possible. if scrutiny comes, explanation should be…

Read More

Dummy’s guide to tax-filing documents

Dummy’s guide to tax-filing documents

Though the process is not tedious, it still saves time if one has all the proofs of these documents ready for submission, says Anil Rego. The hustle and bustle of the New Year has not yet completely engulfed us. We are still settling in the New Year. We may still be dreamy eyed and viewing this year with rose tinted glasses! Sorry to break into your La La Land, but we want to talk about income tax and the related documents to be submitted! Immaterial of if you are salaried…

Read More

How ‘Tax –free’ is the Freelancer?

How ‘Tax –free’ is the Freelancer?

While the salaried hurry and submit papers on proof of investments for tax benefits before the deadline, freelancers have a different story to tell. The salaried have the employers communicate all the rules and roll out facilities that enable them file their taxes with ease. Freelancers do all the legwork when it comes to filing their taxes but enjoy comparatively higher benefits and advantages. In truth, Freelancers have the best of both the worlds.   Here’s how they claim the tax – saving deductions available to salaried individuals and the…

Read More