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Author Archives: wealth18

Top Stock Picks for medium to long term investment

Last updated : 15th February, 2017Top Stock Picks for medium to long term investment  by Prabhudas Liladher, Anand Rathi,    Amisha Vora, Prabhudas Lilladher  (Link) State Bank of India Jindal Steel & Power Thyrocare Parag Milk   Siddharth Sedani, Anand Rathi (Link) LT Foods  (Target Rs 79) Escorts (Target – Rs 450)   Mahantesh Sabarad, SBI Cap Securities (Link) Consumer durable names or consumer financing companies and consumer discretionary companies Two wheeler space Read More »

Cost Inflation Index for Capital Gain – Base changed in Budget 2017

Last updated : 16th February, 2017 In Budget 2017, the base for Cost Inflation Index is changed. lets see what the change is and how it wil impact the investors. Currently, for cost inflation index, the base year is 1981. which means if you have any property acquired before 1981, you need to get the fair market value in 1981 and then apply indexation. Now, with the proposed changed, the base year will become 2001. This means, if you have any property acquired before 2001, you need to get the fair market value in 2001 and then apply indexation. In ... Read More »

CKYC –  (Central Know Your Customer) mandatory for new Mutual fund investors

ckyc

Last updated : 11th February, 2017 From Feb 1, 2017, new investors in mutual funds will have to do CYKC (Central Know Your Customer) before investing. The CKYC will replace the existing KYC.   What is CKYC? Central KYC Registry, or CKYCR, is the new central KYC process that will replace the multiple KYC process exists for various financial transactions, such as opening bank accounts, buying life insurance, and investing in mutual funds. The government has authorised the Central Registry of Securitisation and Asset Reconstruction and Security Interest of India (CERSAI) to manage the CKYC Registry process. What is the ... Read More »

Best ELSS Tax Saving Mutual funds for Investment in 2017

ELSS-funds

Last updated : 11th February, 2017 Equity Linked Savings Scheme (ELSS) Mutual Funds are one of the popular 80C tax saving options for savvy investors.  Read – Other Tax Saving Options u/s 80C Quick Overview of ELSS Funds ELSS is a diversified equity mutual fund which has a majority of the corpus invested in equities. There is a lock in period of 3 years from the date of investment. You can remain invested even after 3 years and can withdraw anytime after that lockin. Returns are based on returns from Equity Markets.  Returns from ELSS Schemes are tax free. Based ... Read More »

Best Equity Mutual Funds to Invest in 2017 – Top Performing Mutual Funds

best-equity-funds

Last updated : 11th February, 2017 If you are looking at this post, then you must be interested in knowing more about best performing Equity mutual funds. Based on your risk profile, you should allocate a portion of your investment amount into Equities. Mutual funds is the best route for retail investors to invest in Equities.  For accumulating sizable corpus in the long run, you should invest in GROWTH option of the mutual funds. It is also better to invest via SIP option (systematic investment plan i.e. periodic investment). Based on the historic performance, please see below the list of ... Read More »

Best ELSS Tax Saving Mutual funds to invest in 2017 – Top Performing

elss-funds

Last updated : 11th February, 2017 Equity Linked Savings Scheme (ELSS) Mutual Funds are one of the popular 80C tax saving options for savvy investors. Quick Overview of ELSS Funds ELSS is a diversified equity mutual fund which has a majority of the corpus invested in equities. There is a lock in period of 3 years from the date of investment. You can remain invested even after 3 years and can withdraw anytime after that lockin. Returns are based on returns from Equity Markets.  Returns from ELSS Schemes are tax free. Based on previous returns, some of the funds has ... Read More »

Cost Inflation Index Chart Table – 1981 to 2016 2017 – For Income Tax Capital Gain Purpose

cost-inflation-index

Last updated : 9th February, 2017 Cost Inflation Index is used for Calculating Long term Capital Gain. Every year, Income Tax department notifies Cost Inflation Index.  CII is very useful to calculate Long Term Capital Gain Tax. Budget 2017 changes:  Budget 2017 has changed the base year of Indexation from 1981 to 2001. Read details & impact on Investors & capital gain. Capital Gain = Sales Consideration – Indexed Cost of Acquisition Indexed Cost of Acquisition = Actual Purchase Price *  (Index in year of Sale / Index in Year of Purchase)    The cost inflation index notified are as under ... Read More »

[How to ] check and respond Income Tax Notice for large Cash deposit

income-tax-notice

Last updated : 11th February, 2017 Income Tax department has launched “Operation Clean Money / Swachh Dhan Abhiyan initiative., to investigate the large cash deposits made after demonitization. They are sending notices to more than 18 lakh people. If you have deposited large cash after demonitoization, the chances are that you will or may already have got a notice from Income Tax. You need to respond within 10 days of getting the message. If you have made large deposit, but have not received any message yet, please check your e-filing account to see if there is any notice for you.  You ... Read More »

Income Tax Rates / Tax Slab for FY 2017-2018 (Budget) AY 2018-2019

tax-slab-rates-india

Last updated : 8th February, 2017 Cheers!!! In Budget 2017, the government has made some positive changes to tax slabs.  – Read the Budget announcement for Personal Taxation Income Tax Slab / Rates applicable in India for Individuals, Hindu Undivided Family (HUF), Association of Persons (AOP) and Body of Individuals (BOI) Applicable for FY 2017-2018 (AY 2018-2019)   For Individuals below 60 years age (including Woman Assessees) (born on or after 01-Apr-1957)     upto Rs 2.50 Lakh NIL Rs 2.50  lakh – Rs 5 Lakh 5% on amount exceeding Rs 2.50 lakh Rs 5 lakh – 10 Lakh  Rs ... Read More »

Genesis Colors IPO Details & Review – Opening date, Price Band, Opening Price

genesis-ipo

Last updated : 8th February, 2017 Update:8-Feb –  SEBI has approved Genesis Colors IPO  Genesis Colors Limited is a leading platform for luxury & premium fashion brands in India.  (Satya Paul, Armani, Hugo Boss , Jimmy Choo etc) Issue Details  (not yet announced) IPO Open :  Issue Price band:   Issue Size:   Market lot : Max Shares for Retail – IPO Issue Allocation Qualified institutional buyers (QIBs) –  50% per cent of the total issue size. Non-institutional investors (NIIs) –  15% per cent of the issue size. The retail quota limit in the issue = 35%  Objective of the issue: The objects ... Read More »

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