Prajna Capital - An Investment Guide

New ITR forms ready for e-filing   The Income Tax department has activated the e-filing facility for all categories of Income Tax Returns (ITRs) for the assessment year 2017-18. A taxpayer should keep ready a copy of last year's ITR, bank statements, TDS and savings certificates, Form-16 and other relevant documents ready before attempting the efiling, an official said. The taxpayer's Aadhaar number is now mandatory for filing of income tax returns. The e-verification of ITRs can also be done through the Aadhaar number. If e-verified, the ITR-V (acknowledgment) does not have to be sent to the Central Processing Centre (CPC) in Bengaluru. Already 2.6 lakh ITRs have been e-verified in this fiscal using the Aadhaar. 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

Edelweiss Tokio Life Insurance has launched India's first over the counter life insurance policy . The ` POS Saral Nivesh' can be bought without any medical tests. The minimum premium is `5,000 per year or `1,000 monthly, with the insured sum ranging from `50,000 to `10 lakh. 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

HDFC Life Insurance has launched HDFC Life Click 2 Protect 3D Plus , an online policy that provides nine different protection options and covers all possible adversities, raging from death, disability and disease. There is also a top-up option to increase the coverage. 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

Bajaj Allianz General Insurance has launched Bharat Bhraman , a travel policy aimed at covering people for short or long-distance domestic tours. The premiums start as low as `5 for a single trip insurance and the coverage period can range from a few hours to up to one year. 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

Income tax Form 16 is a certificate issued by the employer to every employee for each financial year, and it is essential to file income tax returns every year. It lists out various things like the total salary paid to you during the period, the total tax that the employer deducted at source (TDS) and the deductions that you have claimed during the year. It is issued under section 203 of the Income Tax Act , 1961. It has two parts-A and B. Part A of the form contains the employee's personal details such as your name and address, employer's name and address, Permanent Account Number (PAN ) of both the parties, employer's Tax Deduction Account Number (TAN ), and assessment year, i.e., the year in which your tax liability is calculated for the income that you earned in the previous year. It also contains details of the period of employment with your current employer. Apart from this, it has the summary of the periodic TDS on your income. This will include details on the amou

HDFC Mid-Cap Opportunities Fund - he aim of the fund is to generate long-term capital appreciation from a portfolio that is substantially constituted of equity and equity related securities of mid- and small-cap companies. The twists and turns in mid-cap stocks haven't managed to faze this fund, which has been lodged at a four-star rating without a pause for the last seven years. The fund has earned a four- or five-star rating for the entire period since 2010. Usually parking about 75 per cent in mid-cap companies, the fund has the flexibility to invest up to 25 per cent in large caps. The fund uses this flexibility in a very selective manner. The style is growth at a reasonable price. The fund filters companies that are growing at about 15-20 per cent, with good cash-flow generation and acceptable return on equity. HDFC Mid-Cap Opportunities Fund three-year CAGR, at 30.3 per cent, and five-year CAGR, at 25 per cent, are about 4-8 percentage points ahead of the benchmark CAGR and

Birla Sun Life Balanced Advantage Fund (An Open-ended Asset Allocation scheme) This fund dynamically allocates between Equity and Debt instruments in a ratio that gives your investment the edge. This is primarily achieved by arriving at a combination of quality stock selection and active portfolio rebalancing that effectively decreases risk and combats volatility better than others.   Emotion-free investment approach Potential downside protection Equity taxation Smart withdrawal feature For further information contact  SaveTaxGetRich on 94 8300 8300 OR You can write to us at Invest [at] SaveTaxGetRich [dot] Com OR Call us on 94 8300 8300  

Interest income from a savings bank account is considered under the head "income from other sources" Interest above a certain level earned on fixed deposits attracts tax deduction at source (TDS). Recurring deposits have also been brought under the net of TDS, effective 1 June 2015. But there is no TDS on interest earned from a savings account of an individual or a Hindu Undivided Family (HUF). While this interest does not attract TDS, it is taxable in the hands of the account holder, if it is more than a certain limit. Income tax on savings account interest Section 80TTA in the Income-tax Act, 1961 has been implemented from the assessment year 2013-14. Under this section, interest up to R10,000 earned from all savings bank accounts is exempt from tax . The account can be with either a bank, a co-operative society engaged in carrying out the business of banking (including a co-operative land mortgage bank or a co-operative land development bank), or a post

Many taxpayers race to the deadline and file at the last minute. Sometimes this may lead to an inadvertent error in their tax return. A deduction not claimed or an income not reported are some of the common errors. If you have e-filed within the due date, don't worry, your return can be revised. Who can file revised returns?  Of the many advantages of submitting your return timely, the most important is that it can be revised. Returns for FY 2015-16 which were submitted by 5 th   August 2016 can be   revised   any time before 31 st   March 2017. However, to make your revision process smooth it's better to not verify a return you wish to revise. Once return is   verified, the income tax department begins processing it. Correct your errors when you notice them, review your return properly and submit your revised return. You can then   verify   the revised return. Starting the next AY 2017-18, the income tax department has allowed revision of belated returns

NPS National Pension System (NPS ) is a voluntary, defined contribution retirement savings scheme designed to enable the subscribers to make optimum decisions regarding their future through systematic savings during their working life. NPS seeks to inculcate the habit of saving for retirement amongst the citizens. As per the latest announcement, the total available limit available for tax deduction through NPS is Rs. 2 lakh, which includes Rs. 1.5 lakh under Sec 80C . This makes the product one of the best among all other tax saving options. We help investors make selective choice under the available funds in NPS. For further information contact  SaveTaxGetRich on 94 8300 8300 OR You can write to us at Invest [at] SaveTaxGetRich [dot] Com OR Call us on 94 8300 8300  

DSPBR Equity Savings Fund Online 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 Invest [at] SaveTaxGetRich [dot] Com OR Call us on 94 8300 8300

1. E-Filing Vault – Higher Security Restricting the methods/options for Login and locking the reset password options will secure account from possible mis-use. This is for additional security or secured access. Pre-requisites User should be registered in the e-Filing portal. A valid DSC is already registered in the e-Filing application. A valid Aadhaar should be linked with PAN in e-Filing (In Case of Individual Users) 2. Steps involved in E-Filing Vault-Higher Security Process Step 1 – Login   to e-Filing portal using   user Credentials. Step 2 –   Navigate to   Profile Settings ⇒   E-Filing Vault-Higher Security.   The following screen is displayed. Step 3 –   User can select the required options to secure the account. On Success, user will be allowed to login and Reset Password only with the above selected option(s). Fields Pre-requisite to avail the options Login through Net Banking • Users     should   have  logged-in  to  e‑Filing    portal   through    Net-banking at