5 Major Types of Taxes We Pay In India
Why does the Government want to take away our money? What are they using it for? Why do we have to pay tax on the all the income we earn? These are some of the most common questions, taxpayers ask. Well, India is a democratic country, so you have no choice but to pay tax. However, what you do have, is options to save the tax that you pay. The reason as to why we have to pay tax, is...
Daily Market Analysis – 1st Dec 2020
Sector Overview: Real Estate: Real Estate Prices have fallen continually in the Pandemic. 10%-15% discounts are being offered by Developers in the Mumbai Metropolitan Region (MMR) on the new launches. Inventory is the major reason which is stated to bring down these prices so drastically. Inventory levels are at historically high levels.A new challenge seems to be cropping up for the...
Consider 5 Factors while Lump-Sum Mutual Fund Investment
Though mutual funds are highly subject to market risks, despite it is one of the most lucrative investment avenues seen in the current market scenario. It can be seen that AMFI is highly promoting mutual fund investment through television commercials. When we talk about investment in mutual funds, the first & foremost thought that pops into our minds is SIP (Systematic Investment Plan)....
Daily Market Analysis – 24th Nov 2020
Gartner estimates that IT spending in India will grow 6% in 2021 to hit $81.9 billion IT spending in India is projected to rise 6 percent to USD 81.9 billion in 2021 compared to this year on the back of growth across segments like enterprise software and IT services, research firm Gartner said on Monday. IT spending in 2020 is expected to total USD 79.3 billion, down 8.4 percent from 2019....
Daily Market Analysis – 23rd Nov 2020
RBI panel’s proposal to allow large companies and shadow lenders into banking services According to the latest recommendations of an internal working group of RBI released on 20th November 2020, non-bank lenders with asset sizes of more than Rs. 50,000 crore should be allowed to convert into banks, provided they have completed 10 years of operation. With the latest development on the...
Daily Market Analysis – 19th Nov 2020
The supreme court case, Tata vs Mistry, in which Shapoorji Pallonji (SP Group)- the largest non-Tata stakeholder, has asked to retract their share in Tata Sons and swap it for a pro-rata stake, will have a court judgment on 2nd December 2020. Tata may offer as much as ₹21,900 crore upfront to buy a part of the Mistry family’s 18.4% stake in the Tata group holding company. A major part of the...
Daily Market Analysis – 18th Nov 2020
HDFC Mutual Fund New CEO Navneet Munot Munot who was an earlier chief investment officer at SBI Mutual Fund will be succeeding Minlind Barbe who has been MD and CEO of HDFC AMC since inception in 2000.DBI Mutual Fund overtook HDFC AMC to become India’s largest asset manager in the last quarter of the financial year 2019-20. The key scheme of HDFC AMC has lagged their peers in recent...
How Mr. Sharma’s home loan helped him Save Tax?
Mr. and Mrs. Sharma, both in their early 30s, after completing 5 years of their married life decides to have a house of their own. Both husband and wife are working at good positions in corporate and are regularly paying income tax on their incomes. After sheer hard work and a lot of savings, they will finally be able to make a house of their own. Both of them are really excited to live in...
5 Simple Ways To Save Your Income Tax On Long Capital Gains
We all want to make that extra money on the side, and if you really put your mind to it, you can make your ends meet. Do you think, the beggars on the road have no choice to make a living for themselves? They do have a choice. We gave them money, when they come to beg, is only encouraging them more, to continue begging. Even the roadside vendors, may not have their shops registered or may not...