Income Tax Slabs- Budget 2017 – Friend of the masses and Foe of the creamy classes!

Income Tax Slabs- Budget 2017 – Friend of the masses and Foe of the creamy classes!

Tax hikes for the super –rich and tax cuts for the lower income group. The budget 2017 has scored high when it comes to relief from the cash crunch for farmers, small traders and all those who fall under the less than 3 lac p.a income group.  Taking a clearer look on what this would actually mean for these income groups…………. On the outset if you are someone with an income of INR 3,00,000/- or less p.a then you do not pay any Income Tax as per Budget 2017. Now…

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BUDGET COUNTDOWN – `More tax benefits on home loans will push the economy…’

BUDGET COUNTDOWN – `More tax benefits on home loans will push the economy…’

The Union Budget for the financial year 2017-18 is less than a week away. There are many expectations of this Budget in the light of the recent demonetisation and the need to push growth in the economy. The realty sector contributes significantly to the GDP. A boost for this sector in the Budget will put more money to work, translate into more employment opportunity and contribute to the cause of `Housing for All’.   Anil Rego, a financial advisor, shares some thoughts on what prospective homebuyers can expect in this…

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Corpus and Returns – How to benefit from a Flexi-SIP

Corpus and Returns – How to benefit from a Flexi-SIP

A Systematic Investment Plan is one that helps the investor ride through the market ups-and-downs, build a good corpus and make great returns.  Its popularity has been panning out and the salaried class who have followed discipline and stuck to their monthly investment plan are being rewarded as the annual average CAGR of the SIP over the last 5 years has been close to 17%. A periodic SIP amount is able to fetch more units of the fund when the stock market is trading lower. For example, if you had…

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Should you buy physical gold or gold ETFs?

Should you buy physical gold or gold ETFs?

Are you debating between buying physical gold and investing in paper gold schemes or ETFs? Anil Rego has the answer Let us begin with a fundamental question. Why are you buying either gold or gold schemes? Just as an investment to bear returns in the future? As jewellery, because you have a wedding or family occasion in the near future? As jewellery, because you will need it in the not so near future? You need to answer these questions before you proceed further. In case you are looking to buy…

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Income Tax filing gets faster, easier, better than ever before

Income Tax filing gets faster, easier, better than ever before

A guide to the forms to be filled while filing income tax returns, how to file both offline and online, the new rules and more.. It is time again to evaluate all your earnings of the previous financial year (FY)—1 April 2015 to 31 March 2016—and file your income tax returns (ITR) accordingly. If there are any taxes left, after taking into account tax deducted at source (TDS) and advance tax paid, those, too, have to be paid. Similarly, if excess tax was deducted, make sure you claim a refund….

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Tax Filing – 10 Common Mistakes to avoid

Tax Filing – 10 Common Mistakes to avoid

Tax Filing can be difficult and Tedious, follow these simple steps to avoid the most common mistakes With the automation and online tax filing, the number of mistakes incurred while filing of taxes has been reduced, however considering the importance of the information a single error can land a person in trouble. Thus it is advisable to take care of few aspects while filing your taxes this year.   1. Choose the correct ITR forms Well, the most confusing part is which ITR form to fill. There are different categories…

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