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Monday, July 17, 2017

Birla Sun Life Advantage Fund

Birla Sun Life Advantage Fund
(An Open-ended Growth Scheme)






With a superior track record of over 10 years, BSL Balanced Advantaged Fund, an open-ended diversified equity fund aims to offer long-term capital growth, at relatively moderate levels of risk through a research-based investment approach.


 
Long-term Capital Growth
 
Investments in Equity and Equity related securities.
 

Invest Rs 1,50,000 and Save Tax up to Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds. Save Tax Get Rich

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Friday, July 14, 2017

HDFC Equity Savings Fund




HDFC Equity Savings Fund - One fund

 With the strength of three


Inline image 1

HDFC Equity Savings Fund is suitable for investors who are seeking *
 
  • capital appreciation while generating income over medium to long term

  • provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments

Inline image 2

Thursday, July 13, 2017

HDFC Housing Opportunities Fund

HDFC Mutual Fund today sought SEBI approval to launch HDFC Housing Opportunities Fund – Series 1, a close-ended equity oriented hybrid fund.

As the name suggests the fund will invest in housing theme to take advantage of the expected growth in housing and allied business, said the fund house in a draft offer document.

Sharing the rationale behind launching this fund, a senior official of the fund house said, "In the budget 2017, the government has given a thrust to affordable housing sector. In fact, we have seen growing demand of housing sector among investors. Hence, we plan to launch a fund focussing on housing sector."

The fund house plans to introduce three plans in the scheme depending on the tenure ranging between 24 and 66 months.  

The scheme will invest a minimum of 70% in equity instruments of entities in housing and its allied business activities, which include the cement and steel industries. The fund can also take exposure of up to 10% of corpus in REITS and InvITs. It will also invest up to 30% in debt and money market instruments.

HDFC Housing Opportunities Fund is the first housing-oriented fund to seek SEBI approval. Experts say the fund is suitable for investors having high-risk appetite.

Srinivas Rao Ravuri will manage this fund.







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Wednesday, July 12, 2017

L&T Business Cycles Fund


Win through all market cycles by investing in L&T Business Cycles Fund




Tuesday, July 11, 2017

Check if you need to File Tax Return Even If you do not have Taxable Income

 

It seems obvious that if you don't have any taxable income, there is no need to file a tax return. But in some situations return filing may be necessary or even mandatory, irrespective of whether you have taxable income or not. Do file your income tax return if any of these apply to you –


You need a tax refund:


Your income is below taxable limit but your bank has deducted TDS on interest on fixed deposit. You are a freelancer and your income does not exceed Rs 2.5lakhs but a client deducted TDS before paying you. This is a common scenario especially for small freelancers, such as designers or parlors or boutiques, usually they run their business from home and don't have income above the exemption limit. But sometimes TDS gets deducted on their income. If this is true for you, file your tax return and claim a refund.


You are an NRI with rental income in India:


If you are a NRI but own a house in India which gives you rental income, you should file your taxes. NRIs must report income from India if it exceeds Rs 2.5lakhs per annum. You are allowed to deduct municipal taxes of the property which are paid by you from its rental income. You can also claim 30% standard deduction towards maintenance costs of the property. This is especially important if TDS has been deducted on rent paid to you. By filing a return, you may be eligible for a refund of TDS.


You are resident in India and own foreign assets:


If you are resident in India but lived abroad at some point in time. And continue to hold a foreign bank account, or retirement accounts, or properties, or any financial interest in an entity outside India (ESOPs), you must file a tax return and report it.


You want to carry forward losses:


If you have short term losses from shares or loss from carrying on a business or profession, you must file a return. Even though there is no taxable income, filing a return for losses allows you to carry them to future years. In subsequent years these can be adjusted from taxable income.


You are a company:

 If you have recently incorporated a company, remember that tax filing is mandatory for a company. This is irrespective of whether you have profits or losses.

 







------------------------------------------
Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds

Top 4 Tax Saver Mutual Funds for 2017

Best 4 ELSS Mutual Funds to invest in India for 2017

1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. BNP Paribas Long Term Equity Fund



Invest in Best Performing 2017 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms


For further information contact Prajna Capital on 94 8300 8300

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Monday, July 10, 2017

Debt Market Update - June 2017

 


The yield on new 10-year benchmark (6.79% GoI 2027) ended the month of June at 6.51% down by 15 bps over the previous month end. The yield on 10-year AAA Corporate Bond ended the month at 7.42% as against 7.64% at the end of May 2017. Thus, corporate bond spreads during the month narrowed to 80 bps as against 87 bps in the previous month.

Liquidity conditions continued to remain positive during the month of June 2017. As against ~Rs. 340,058 crs of average liquidity absorbed by RBI during the month of May 2017 through various sources (Liquidity Adjustment Facility, export refinance, marginal standing facility and term repos/reverse repos), ~Rs.309,030 crs of liquidity was absorbed by RBI during the month of June 2017. Cash Management Bills (CMBs) were issued twice during June totaling Rs.60,000 crs. On 30th June, RBI announced an Open Market Operation (OMO) sale of G-secs totaling Rs.10,000 crs. The overnight rate ended at the same level of 6.25% as against previous month.

INR closed at 64.58 versus the USD in June as against 64.51 in May 2017. The net FII investments in equities & debt were ~US$ 4.55 billion in June 2017, up from US$ 4.17 billion in May 2017. FII's have purchased close to US$ 22.65 billion in Indian debt and equity markets between Jan'17 to Jun'17 as compared to ~US$ 1.2 bn during Jan'16 to Jun'16.

The annual rate of retail inflation, CPI fell to 2.2% YoY in May 2017, lower than 3.0% in April 2017. The drop was largely on account of fall in food inflation, which decreased to -0.22% in May 2017 from 1.2% in April 2017. Fuel & light inflation also decreased to 5.46% in May 2017 from 6.13% in April 2017. Core CPI (excl. food & fuel) also declined to 4.14% in May 2017 from 4.4% in April 2017.

On the economic front, Gross Value Added (GVA) grew 6.1% YOY in 4QFY17 partly reflecting impact of demonetization. FY17 GVA growth was at 6.6%, lower than FY16 GVA growth of 7.9%.

In its June meeting, the Monetary Policy Committee (MPC) voted 5-1 in favour of leaving the policy repo rate unchanged at 6.25% in line with consensus expectations. The RBI sharply lowered its inflation projections for first half of FY18 to 2.0%-3.5% (from 4- 4.5% earlier) and for second half of FY18 to 3.5%-4.5% (from 4.5-5% earlier). It also lowered its FY18 GVA growth projection marginally to 7.3% from its 7.4% projection made during the April policy meeting.

Outlook

The MPC in its June'17 credit policy review kept policy repo rate unchanged with a less hawkish tone and sharply lowered inflation projections for the current fiscal year. In case the incoming data reaffirms the moderating path of inflation, it may create some space for easing in our opinion. With a benign inflation outlook, steady INR, implementation of GST and good progress of monsoon, there is room for moderate downside in yields in our view.

Source for various data points: RBI Website, Bloomberg, Reuters and HDFC AMC Research.



Invest Rs 1,50,000 and Save Tax up to Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds. Save Tax Get Rich

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Sunday, July 9, 2017

Invest HDFC Prudence Fund Online

 
HDFC Prudence Fund Online
imggallery


Invest Rs 1,50,000 and Save Tax up to Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds. Save Tax Get Rich

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Thursday, July 6, 2017

IDFC Balanced Fund

Short Term Capital Gain Tax

You need to pay only short term capital gains tax. The five heads of income for computation of income tax in India are as follows:
 
 
  1. Income from Salary
  2. Income from House Property
  3. Income from Profits and Gains of Business or Profession
  4. Income from Capital Gains
  5. Income From Other Sources
 

Once an income is counted under one of these heads, it will not be counted again for calculation of taxes. In your case, the short term capital gain you made on shares will be chargeable to income-tax under the head ' Income from Capital Gains'. The short term capital gains are taxed at a special rate of 15 percent for equities, which will be R11250 (15 percent of R75000) in your case. This will be separately calculated, apart from your normal income tax on other heads of income like salary. While filing returns, you will have to fill the ITR 2 form.



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Wednesday, July 5, 2017

BNP Paribas Dividend Yield Fund

BNP Paribas Dividend Yield Fund

 

Investment objective

The investment objective of the scheme is to generate long term capital growth from an actively managed portfolio of equity and equity related securities, primarily being high dividend yield stocks. High dividend yield stocks are defined as stocks of companies that have a dividend yield in

excess of 0.5 %, at the time of investment..

 

 

       Why Dividend Yield Stocks

 

        Relatively more stable business models with a history of consistent profitability, and a dividend payment track record

        Companies pay dividends after attaining a sustainable level of growth

        Need to pay dividends tends to make the management more accountable to shareholders and less prone to taking unwanted risks

        In case of a market crash, the share price of these companies tend to fall less in comparison to growth stocks. Hence low-risk defensive stocks.

 

 

Performance:



-----------------------------------------------
Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saver Mutual Funds to invest in India for 2017 - 2018

Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Religare Tax Plan

4. DSP BlackRock Tax Saver Fund

5. Franklin India TaxShield

6. ICICI Prudential Long Term Equity Fund

7. IDFC Tax Advantage (ELSS) Fund

8. Birla Sun Life Tax Relief 96

9. Reliance Tax Saver (ELSS) Fund

10. Birla Sun Life Tax Plan

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Invest Online

Download Application Forms

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Benefits of e-Filing your Tax Returns before 31st July

 

From the Prime Minister to your office colleague, everyone seems to be talking about one thing, taxes! The tax deadline is here. And the due date for filing income tax returns for FY 2015-16 (AY 2016-17) is 31st July.


Here are 5 benefits of filing your taxes by this date –


 Revision is possible
Many a times, taxpayers commit mistakes while submitting their returns. An incorrect mobile number or forgetting to claim a deduction are common errors. Sometimes an income may not have been included. Filing your returns by due date makes revision possible.


Faster refund

Income tax department has been processing refunds faster for returns filed on time. Delays in filing also means delay in receiving refund. Last year, the department processed refunds within 2-3 weeks of filing. So if excess TDS has been deducted on your income, do not delay your filing.


Paying tax dues timely

A lot of taxpayers see a tax due in their return after they consolidate their incomes and prepare their submission. This may happen due to inclusion of interest income. If there is a tax due, interest keeps accumulating until it is paid. So filing on time makes sure taxes are paid in time and interest (under sections 234B and 234C) does not keep adding up. Why shell out extra money when you can file on time and save on penal interest?


Avoiding interest under section 234A

Though interest under 234B and 234C is levied if there is tax due and taxpayer did not pay advance tax; taxpayers can avoid paying interest under section 234A by filing their return on time. This interest is charged @ 1% per month. It is calculated from the due date till the date on which you actually file your return.


Carry forward your losses

A lot of taxpayers have short term losses from equity shares. These losses can carried forward in your tax return and set off from capital gains in succeeding 8 years. To be able to do this, your return must be filed within the due date. Losses from business and profession are also allowed to be carried forward when return is filed on time. So remember to file on time if you have losses.



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Tuesday, July 4, 2017

LIC Griha Siddhi

LIC Housing Finance has launched Griha Siddhi, a home loan with a special interest rate of 8.35% for women borrow ers for loans up to `25 lakh. Other bor rowers will be charged 8.40%. Loans of up to `1 crore will be charged an interest rate of 8.50% per annum.

Invest Rs 1,50,000 and Save Tax up to Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds. Save Tax Get Rich

For further information contact SaveTaxGetRich on 94 8300 8300

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Invest Invesco India Contra Fund Online

 

imggallery


Invest Rs 1,50,000 and Save Tax up to Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds. Save Tax Get Rich

For further information contact SaveTaxGetRich on 94 8300 8300

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Monday, July 3, 2017

PF settlements now in 10 days

 
PF Amount withdrawal



Retirement fund manager EPFO has reduced the stipulated period for settlement of various claims such PF withdrawal, pension and insurance to 10 days from 20 at present.

The body launched the online claim settlement facility on 1 May 2017. It has planned to eventually settle claims of all Aadhaar and bank account seeded EPF accounts within three hours of receipt of an application.






Invest Rs 1,50,000 and Save Tax up to Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds. Save Tax Get Rich

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LIC Jeevan Umang

 
LIC has launched Jeevan Umang, a plan that offers a combination of income and protection up to the age of 100. This plan provides for annual survival benefits from the end of the premium paying term till age 99 and a lump sum payment at the time of maturity or on death of the policyholder during the policy term.



Invest Rs 1,50,000 and Save Tax up to Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds. Save Tax Get Rich

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Saturday, July 1, 2017

ITR form Sahaj

The Central Board of Direct Taxes (CBDT) has notified new income tax return filing forms for 2017-18. An easy to understand, single page form named "Sahaj" (ITR 1) has been introduced for individual assessees whose income in the financial year 2016-17 has been up to `50 lakh, subject to certain conditions.

Who can file?

ITR 1Sahaj can be used only by individuals who have income from salaries or one house property or other sources of income (except income from lottery or income from horse racing).

Ways of filing

ITR 1 can be filed in the following ways:

Electronically with digital signature

Electronically with verification code

Electronically and thereafter submitting the verification in Return Form ITR-V. The assessee is required to print out two copies of Form ITR-V.

One copy of ITR-V, duly signed by the assessee, has to be sent by post to Post Bag No. 1, Electronic City Office, Bengaluru-560 100, Karnataka. The other copy may be retained by the assessee for his record.

Filing return in physical form

Option available only in following cases:

The individual was 80 years old or more during the previous year.

Income of individual does not exceed Rs 5 lakh and no refund is claimed.

Only one copy of the return form needs to be filed. If the return form is furnished physically, the acknowledgment ITR-V should be duly filled.

Information in the return

Details such as PAN, email id, mobile number, address, residential status, income and tax details. Aadhaar number is required. In case Aadhaar not allotted but applied for enrolment ID may be given.

However, effective 1 July 2017, Aadhaar will be a mandatory field.


ITR 1 Sahaj is an annexure-less form.

Any document attached along with the return will be returned to the person filing the return.







Invest Rs 1,50,000 and Save Tax up to Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds. Save Tax Get Rich

Top 10 Tax Saver Mutual Funds for 2017 - 2018

Best 10 ELSS Mutual Funds to Invest in India for 2017

1. DSP BlackRock Tax Saver Fund

2. Tata India Tax Savings Fund 

3. Birla Sun Life Tax Relief 96

4. ICICI Prudential Long Term Equity Fund

5. Invesco India Tax Plan

6. Franklin India TaxShield 

7. Reliance Tax Saver (ELSS) Fund

8. BNP Paribas Long Term Equity Fund

9. Axis Tax Saver Fund

10. Sundaram Diversified Equity Fund



Invest in Best Performing 2017 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms


For further information contact SaveTaxGetRich on 94 8300 8300

OR

You can write to us at

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Call us on 94 8300 8300





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