India’s top performing mutual funds are poised to deliver strong returns to investors in 2019. Valuations in many categories have reached attractive levels after the market correction in 2018, opening up opportunities for fund managers. Here are our top picks for 2019. Fund Name Category AUM 3 Year Return 5 Year Return Axis Bluechip Fund…
The Central Board of Direct Taxes (CBDT) has notified certain changes in Form 16, the salary TDS certificate, seeking more details about exempted allowances under section 10 of the Income Tax Act, 1961. The new format as notified by CBDT will come into effect from May 12, 2019. Section 10 of the Income Tax Act…
Salaried individuals, Professionals, as well as self-employed individuals, can start ITR filing for the financial year 2018-19 with the Income Tax Department issuing ITR Form 1 and Form 4 from today. ITR Form 1 (Sahaj) and 4 (Sugam) are available on income tax e-filing portal for online filing or can also be downloaded. Also Read:…
Form 26AS is an important document for filing Income Tax Return (ITR). It records all the details of tax deducted for your PAN at various sources. When filing ITR, the assessee must ensure that the data entries appearing in Form 26AS match the information on the ITR. What is Form 26AS? Form 26AS is an…
The financial year 2019 is drawing to a close and you might still be busy in last-minute tax planning to ease your tax burden. When it comes to tax saving, Section 80C is the buzzword allowing you to claim cumulative tax deductions of up to Rs. 1.5 lakh. However, there are multiple investment options available…
While preparing to file your Income Tax Return with the closure of the financial year 2018-19, you must be on your toes to maximise your tax savings by making appropriate investments. We shall discuss 9 provisions which can provide you tax benefits in this blog.
Good news for Employee Provident Fund (EPF) subscribers! From the next fiscal, EPF account holders would not need to file EPF transfer claims while switching jobs as the process would be automated. How EPF Transfers would work from FY 2019-20 According to a senior labour ministry official, Employee Provident Fund Organization (EPFO) is currently testing…
Dividend refers to the part of profit which a company shares with its shareholders. A dividend yield fund is a mutual fund which invests in shares/stocks of companies that pay high dividends. Since companies can afford to pay high dividends only if they have substantial profits to distribute, typically dividend yield funds tends to invest…
As per the latest communication shared by the income tax department, eligible tax refunds will be only issued digitally. Further, tax refunds will be made only to the bank accounts which are linked with PAN. The new guidelines regarding the tax refunds will be effective from March 1, 2019. E-refund of income tax means…
Paying LIC (Life Insurance Corporation of India) premium regularly can be a daunting task at times, especially for people belonging to lower income group. However, if you are a salaried individual with an EPF account, you can pay your LIC premium from your EPF corpus. Though the facility has been in place for a long…