TAX TALK – `Those who had postponed their property purchase decision will buy now…’

TAX TALK – `Those who had postponed their property purchase decision will buy now…’

The GST system takes off tomorrow. Prospective homebuyers are expected to make a move now with the uncertainty cleared. Property investors too will benefit with the threshold limit for applicability of GST on rentals being raised to Rs 20 lakhs from Rs 10 lakhs. Anil Rego, an investment consultant, explains what GST entails for consumers and homebuyers.   What does GST mean for consumers? The Goods and Services Tax (GST) is one the most significant tax reforms for India.The GST Council has finalised the fitment of over 1,200 goods and…

Read More

Wondering where to invest? MFs have these 20 large & midcap stocks in their kitty

Wondering where to invest? MFs have these 20 large & midcap stocks in their kitty

Investing becomes tricky, especially in a bull market when every stock seems to be on the ‘cloud 9’. Well, one way is to do your research and buy stocks on declines and the other way could be to look at the portfolio where foreign institutional investors (FIIs) or mutual funds are betting. We don’t advise investors to blindly replicate FII or MF portfolio, but it could certainly provide you clues as to where the smart money is moving and after doing your own research investors should place their bets accordingly….

Read More

10 tax-planning tips to make your investment rupee go further

10 tax-planning tips to make your investment rupee go further

Do not skip checking the conditions that are attached to most deductions. Used prudently, deductions can ensure a large tax free income, says Anil Rego All investments proposed or made are analysed based on the returns. Ideally these would factor for the risk as investors are rightly concerned about safety and return on capital invested than just the returns on their capital. An aspect that is commonly ignored in the quest for higher gain is the effect of taxes on the returns earned. Post tax returns are the final and…

Read More

Filing income tax returns: Keep these documents handy, now

Filing income tax returns: Keep these documents handy, now

Whether salaried or running your own business, it’s about time to get your investment proofs in tax-saving instruments ready for filing your income tax returns later this year. Here’s a brief gist of all the documents which you need to keep handy. 1. Section 80 C investments Section80C investments constitute an important chunk of tax planning that people do and hence contributes towards lower income tax. Let streamlined finances be a feature from this year, and may it never lose its sheen the way New Year resolutions do after a…

Read More

Money Resolutions for New Year 2017

Money Resolutions for New Year 2017

We all know that New Year Resolutions are easy to list, but hard to keep.  And resolutions about money are even harder.  Here are some tips to help you keep at your resolutions. Go low on the interest you pay: This one is a big consumer of your hard earned money. Make a goal to go down on the interest you pay annually. For example; pick the credit card on which you pay the highest interest and aim to pay it down by 50% if not higher.  Mahesh and his…

Read More

Demonetisation: Equities remain best bet; avoid exposure to gold, real estate

Demonetisation: Equities remain best bet; avoid exposure to gold, real estate

Domestic equity market has witnessed a slide in recent weeks even as there is widespread expectation that governor of Reserve Bank of India, Urjit Patel, will announce a cut in repo rate in the forthcoming fifth bi-monthly Monetary Policy statement on December 7 to spur growth. Sarbajeet K Sen The demonetisation exercise by the government has created negative impact on asset classes such as real estate and gold, with purchases slowing down in both. Domestic equity market has witnessed a slide in recent weeks even as there is widespread expectation…

Read More

Why Indigenous Chit Funds are crying foul over Demonetization?

Why Indigenous Chit Funds are crying foul over Demonetization?

When we talk about the informal economy, we are not just talking about the unorganized wage and labour set-up, but another purely cash-driven business model – the Chit Funds business. Come to think of Demonetization of the ₹500 and ₹1000 currency notes, which is a super – duper move to discipline parallel and black economies; this is one sector that has taken a bleeding blow. The Chit fund business is part of both the organized and unorganized sector. It falls under the so called grey area of the financial system. While…

Read More

Investing in real estate? Points you should to know

Investing in real estate? Points you should to know

Real Estate can be divided into a few categories, such as residential or commercial properties, agricultural or industrial land; still we tend to equate it with residential property alone. Indians, conventionally, think that real estate and residential properties are synonyms. Not much thought is given to any other real estate such as commercial properties, agricultural land, and industrial land. Buying a property or multiple properties is one of the usual real estate investments which every Indian makes. Owning a home is considered more as a matter of honor than as an…

Read More

Invested in equities: Retail investors have to be patient

Invested in equities: Retail investors have to be patient

Every fund manager and financial planner has a single piece of advice for retail investors : Stay invested in equities for the long term. And, whether it is retirement corpus, children’s education or any other long-term goal, the same advice is given out. How long is long-term? When returns over five years or eight years are bad, investment planners are quick to say the tenure should be longer. At the very outset, let’s set the record straight. Equity investments are fruitful over the very long 20-year term. According to data…

Read More