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Friday, April 28, 2017

Tax Implication of gifting to Relatives

Tax implication on gifting something to close relatives


The person who gives the gift can never claim any income tax deduction or exemption from his/her income



The money you gift to your parents/parents-in-law will not be taxable in their hands. But any income generated from the gifted money is taxable in their hands, not yours. Therefore, they need to club such income with their other earnings, if any, and pay tax as per the slab system




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 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. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. ICICI Prudential Long Term Equity Fund

5. Birla Sun Life Tax Relief 96

6. Franklin India TaxShield 

7. Reliance Tax Saver (ELSS) Fund

8. BNP Paribas Long Term Equity Fund

9. Axis Tax Saver Fund

10. Birla Sun Life Tax Plan



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

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Tax Benefit on Atal Pension Yojana contributions?


Tax benefit for Investing in Atal Pension Yojana contributions for spouse?


The tax benefit under section 80CCD (1B) can only be availed on contributions made in your own name



Contributions to Atal Pension Yojana (APY) are eligible for the same tax benefits as the NPS. This means that the contributions can be claimed under Section 80CCD (1B). The current limit for Section 80CCD (1B) is Rs 50,000, over and above the Rs 1.5 lakh limit under Section 80C. Section 80 CCD (1) is a different one, meant to cover employers' contribution towards NPS.


You cannot get tax benefit by investing in the name of your spouse under Section 80 CCD.






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 - 2018

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 SaveTaxGet Rich on 94 8300 8300


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Thursday, April 27, 2017

ELSS Funds for different Risk Profile

Match your Goals Risk Profile With ELSS Investment



DIFFERENT TRACKS Unlike funds with a clearly defined investment universe -- large-cap, mid-cap or multi-cap - Tax Saving Schemes do not specify investment focus


If you are looking for an equity Linked Savings Scheme (ELSS) to pare your tax burden, the plethora of options may confuse you. Many investors simply opt for ELSS funds, also called tax saving schemes with the best return over a certain time period. However, this may not yield the best results. There are several types of ELSS funds and it requires a nuanced approach to pick the right one.


DIFFERENT RISK PROFILES

Unlike funds with a clearly defined investment universe -- large-cap, midcap or even multi-cap schemes in the ELSS category do not specify their investment focus. While these schemes have the flexibility to invest anywhere, most tend to follow a defined template.


For instance, some funds take a distinct large-cap tilt with a limited exposure to mid or small-cap stocks. Others prefer a higher exposure to the small-cap basket, with a modest large cap exposure, mostly intended to ensure liquidity in the portfolio. Some maintain a balanced portfolio, while a few adopt a more fluid approach, changing the portfolio mix according to market circumstances.


This difference in investment focus is evident in the portfolio of ELSS schemes. While the median portfolio market capitalisation (average market cap of a company a fund invests in) for ELSS funds is around Rs 36,000 crore, there are schemes with average portfolio market cap as high as `87,500 crore and as low as `13,000 crore, highlighting the disparity in the portfolio construction across ELSS funds.


A differentiated approach to portfolio construction means that the risk profile of ELSS funds varies substantially across schemes. Fund selection, therefore, is critical. The choice of fund should ideally be based on your risk profile, and not purely on a fund's return profile.


Investors should identify the nature of underlying exposure of the ELSS funds to ensure that the scheme objectives are in line with their own requirements.


If you are looking for an aggressive tilt and higher alpha or excess returns and can stomach volatility, then a scheme with a clear mid-cap bias would suit you better. Funds like Reliance Tax Saver, Sundaram Tax Saver and IDBI Equity Advantage come under this category .


For those who prefer stability over alpha, funds with a conservative, large-cap orientation would be a better fit. Franklin India Taxshield, DHFL Pramerica Tax Savings and Edelweiss Tax Advantage comprise such funds. Schemes like Axis Long Term Equity, Birla Sun Life Tax Plan, ICICI Prudential Long Term Equity, among others, have a more balanced portfolio.


Identifying the investing focus can also help you zero in on an ELSS fund that best complements your equity fund portfolio. If your existing portfolio is heavy on large-cap funds, you may opt for a tax-saving fund that focuses on mid-caps. Investors need to assess the risk-adjusted performance of funds in this category. It is critical that investors understand the risk involved owing to the portfolio mix. Mid-caps can fetch far higher returns but can witness a sharp fall during a correction. Also, keep an eye on the expense ratio while selecting the fund. A high expense will eat into your returns over time.


Already INVESTED IN ELSS Funds? What Next


For existing investors, this may be a good time to review their investment and see if the fund merits a place in your portfolio.


Some investors have the habit of opting for a different ELSS fund every year. This is far from ideal. Since you would also be holding a few traditional diversified equity funds, having more ELSS funds will lead to an overlap in your portfolio.


Try to limit your ELSS investments to one or two schemes. A financial adviser would be best placed to guide you towards the right ELSS fund, after considering your existing investments and risk profile. Don't be in a hurry to redeem your investment after the mandatory three-year lock-in period. Experts suggest staying with the fund for as long as one can.


Also, tax saving should not be the sole criterion for picking an ELSS fund. These funds are also suited for wealth creation over a long term and patient investors can reap rewards by staying invested for a reasonable period.













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 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. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. ICICI Prudential Long Term Equity Fund

5. Birla Sun Life Tax Relief 96

6. Franklin India TaxShield 

7. Reliance Tax Saver (ELSS) Fund

8. BNP Paribas Long Term Equity Fund

9. Axis Tax Saver Fund

10. Birla Sun Life Tax Plan



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

------------------------------

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IDFC Tax Advantage Fund



IDFC Tax Advantage scheme seeks to build a diversified portfolio comprising of stocks of companies with strong fundamentals that are available at reasonable valuations. The scheme can be fully into equities (and equity related securities) and upto 20% in debt & money market instruments.


This is a fund which has earned its stripes by beating its benchmark every year except the first one (2009). This performance has earned it a four-star rating for much of the last three years.


IDFC Tax Advantage Fund has a higher-than-category allocation to both mid-cap and small-cap stocks. Mid caps have made up anywhere between 30 and 45 per cent of the portfolio. Large caps have accounted for 40-50 per cent. Small caps have made up 20 odd per cent. The fund is managed on the basis of a growth-at-a-reasonable-price philosophy. It does take both cash and debt calls on occasion. The fund believes in identifying companies based on a deep understanding of the industry-growth potential and interaction with managements.


IDFC Tax Advantage Fund is yet to be tested in a severe bear market, as it was launched after 2008. Its record in 2011 showed ability to contain downside. The fund has beaten its benchmark by sizeable margins of 5-6 percentage points over three and five years, though one-year returns show it lagging behind the category. The fund hasn't been a huge category outperformer but a return of 20 per cent (since launch) is not to be scoffed at. The higher mid- and small-cap tilt, however, may peg up volatility if the latter's high valuations prompt a correction.


Investors can take smaller exposures to this fund until a longer track record is at hand.



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 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. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. ICICI Prudential Long Term Equity Fund

5. Birla Sun Life Tax Relief 96

6. Franklin India TaxShield 

7. Reliance Tax Saver (ELSS) Fund

8. BNP Paribas Long Term Equity Fund

9. Axis Tax Saver Fund

10. Birla Sun Life Tax Plan



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

------------------------------------

Leave your comment with mail ID and we will answer them

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You can write to us at

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Call us on 94 8300 8300



 

Wednesday, April 26, 2017

What is Credit Risk




 It refers to the risk that a borrower or issuer of a security may not repay the principal of the loan or interest associated with it to the lender.

Credit risks are computed based on factors that impact future cash flows of the borrower or issuer since that defines their ability to repay.

Rating agencies analyse borrowers or issuers in an effort to measure the credit risk of the particular debt security and publish the results as ratings for lenders to read and compare.

If a security has a low rating (BBB or lower), the borrower or issuer has a high risk of default; if it has a high rating (AAA is the highest), it is considered to be a safe investment.

If there is a higher level of perceived credit risk, investors and lenders demand a higher rate of interest for their capital.








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 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. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. ICICI Prudential Long Term Equity Fund

5. Birla Sun Life Tax Relief 96

6. Franklin India TaxShield 

7. Reliance Tax Saver (ELSS) Fund

8. BNP Paribas Long Term Equity Fund

9. Axis Tax Saver Fund

10. Birla Sun Life Tax Plan



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

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Cash transaction charges





Charges are levied by the bank for every cash transaction over and above a limit for free deposits and withdrawals per month.

These charges will only be applicable on cash transactions at branches and ATM withdrawals will not be considered in calculating the number of transactions.


he free transaction limit is different for different banks and is also based on the types of accounts. However, the restrictions are largely aimed at savings bank accounts.


The move is in line with the government's efforts to move towards a cashless society.


The new rule would negatively impact people who make withdrawals for daily or weekly use, or those who frequently transfer money from one city to another to their families.







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 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. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. ICICI Prudential Long Term Equity Fund

5. Birla Sun Life Tax Relief 96

6. Franklin India TaxShield 

7. Reliance Tax Saver (ELSS) Fund

8. BNP Paribas Long Term Equity Fund

9. Axis Tax Saver Fund

10. Birla Sun Life Tax Plan



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

------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

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Call us on 94 8300 8300



 

Professional Loans




Banks and NBFCs both offer special loans for self employed or salaried professionals like doctors, chartered accountants, architects and company secretaries, who are considered professionals.

 Professional Loans fall in the category of unsecured loans as there is no collateral involved.

As the default ratio is very low in this segment, professional loans have lower rates, higher loan amounts and easier processing facilities.

The loan tenor ranges from 1 to 5 years and the loan amount can go up to `30 lakh or even higher, depending on the current income and repaying capacity.

The degree certificate and in most cases a minimum post qualification experience is required to avail of this loan.








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 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. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. ICICI Prudential Long Term Equity Fund

5. Birla Sun Life Tax Relief 96

6. Franklin India TaxShield 

7. Reliance Tax Saver (ELSS) Fund

8. BNP Paribas Long Term Equity Fund

9. Axis Tax Saver Fund

10. Birla Sun Life Tax Plan



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

------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

OR

Call us on 94 8300 8300



 

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