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Mar242018 by wealth18.comNo Comments

Lemon Tree Hotels IPO – Analysis, Details, Review, Opening Date, Issue Price, Allotment Status, Listing

Stocks

Lemon Tree Hotels (LTH) is India's largest chain in the mid-priced hotels sector and third largest overall, on the basis of controlling interest in owned and leased rooms. Issue Details of Lemon Tree Hotels IPO: IPO Open: 26th Mar - 28th March 2018 Issue Price band: Rs 54 - Rs 56 Issue Size: Rs 1000 crore Market lot: shares Minimum Investment: 265 shares (Rs 56 bper share) Max Investment for Retail Investor - 3445 shares Book Running Lead Managers: CLSA Registrar: Karvy Listing: BSE/NSE Download - Lemon Tree Hotels Red Herring Prospectus Lemon Tree Hotel IPO Grey market Premium : 24th March 2018 - GMP Rs XX per equity share IPO Issue Allocation: Qualified institutional buyers (QIBs) – 50% of the offer. Non-institutional bidders – 15% of...

Mar232018 by wealth18.comNo Comments

Notice received from Income tax department re Compliance – What to do ?

Taxation

Many people are now receiving notice from Income tax department regarding non filing of income tax returns for last few years ( 2012-2013, 2011-2012, 2010-2011, 2009-2010.) . Income tax department asks them to reply within 10 days . Income tax department is collating information from various sources and sending notices to non-filers. they are requested to submit the Compliance Form on efiling website. Also Read News - Income Tax Dept to send notices to further 21.75 lakh “non-filers” There is no need to Panic just because you have received the notice. A notice does not necessarily mean you have committed a crime and even a minor error in tax return can invite a notice from the tax department. When you can get an IT Notice? Also Read - How to File Income Tax return (ITR) online – Step by...

Feb52018 by wealth18.comNo Comments

Budget 2018 : Long Term Capital Gains (LTCG) Tax – 10% on Shares, Equity Funds

Taxation

In Budget 2018, Finance Minister Arun Jaitley has re-introduced the Long Term Capital Gains (LTCG) tax on Stocks / Shares. What has changed? Since 2001-2005, LTCG was exempt from tax. If the investor is selling stick after 1 year (long term) , then no tax is payable on the profits made from such investment . But now, the LTCG tax on shares has been re-introduced - Investors will have to pay 10% tax on profit exceeding Rs 1 lakh made from the sale of shares or equity mutual fund schemes held for over one year. This is applicable for shares as well as equity mutual fund scheme as well. For dividend mutual funds - Budget has also proposed 10% dividend distribution tax on dividend declared under Equity Schemes. Currently, DDT is not applicable for equity-oriented mutual funds...

Feb12018 by wealth18.comNo Comments

Indian Union Budget 2018- 2019 – Highlights, Impact

News

Arun Jaitley presented the Budget for 2018-19 in Parliament on 1st Feb 2018. Following are the highlights of his speech: Income Tax No change in personal income tax slabs and rates; Surcharge of 10% on income above Rs 50 lakh but less than Rs 1 cr, 15% on income above Rs 1 cr to continue; Standard Deduction returns after a decade; Rs 40,000 to be allowed in lieu of transport allowance and medical expenses; Growth in direct taxes up to Jan 15, 2018 is 18.7%; Corporate tax reduced to 25% for firms with turnover of Rs 250 cr in 2016-17; Interest income exemption on deposits with banks and post offices for senior citizens increased from Rs 10,000 to Rs 50,000; Senior citizens will be able to claim benefit of deduction up to Rs 50,000 annually on health insurance premiu...

Jan252018 by wealth18.comNo Comments

S P Tulsian Top picks , Stock recommendations, Multibaggers

Featured, Stocks

S P Tulsian is a renowned market analyst. He is a commerce and law graduate and holds professional qualifications of Chartered Accountancy and Company Secretary. His fundamental analysis of stocks is great. Here are some of his views on various stocks and industry: Oct 2017 CMP(28-Oct-17) Target Growth Sundaram Clayton 5911 9000 52% Century Tex 1350 1450 7% Bajaj Finance 18/10/2017 Tata Sponge 18/10/2017 Prakash Industries 18/10/2017 Yes Bank 18/10/2017 Kotak 18/10/2017 RBL Bank 18/10/2017 Federal Bank 18/10/2017 Karnataka Bank 18/10/2017 IndusInd Bank 18/10/2017 PNB 18/10/2017 SBI 18/10/2017 Canara Bank 16/10/2017 Kesoram Industries 09/10/2017 Sundaram Brakes 28/09/2017 Leel Electricals 25/09/2017...

Jan12018 by wealth18.comNo Comments

How to earn upto 9% interest on your Savings account Balance?

How to Series

Yes. You read it right. In this post, I will explain how to earn upto 9% interest on your idle savings account balance. Option 1 - Choose High Interest Saving Account Typically banks give 4% interest on savings accounts. However, after RBI de-regulated the savings account interest rates, few banks are offering higher rates. Bank / Rates Balance upto 1 lakh Balance above 1 Lakh Yes bank 6% 7% Kotak Bank 5.50% 6% IndusInd Bank 5.50% 6% So, you can get maximum of 7% interest from your savings account. Option 2 - Choose Sweep in / Out Facility on your Savig Account But, let’s see how you can increase your returns upto 9% using “Sweep In/Out” facility. A. What is this “Sweep in / out” facility? This is like a combination of Savings account & F...

Oct292017 by wealth18.comNo Comments

Bharat 22 exchange traded fund (ETF) Review & Details – Should you invest?

Stocks

Bharat 22 exchange traded fund (ETF) is all set to open for public subscription. The NFO will start on 15th Nov and closes on 17th Nov. The ETF will mirror the S&P BSE Bharat 22 Index that comprises of selected companies from CPSE universe, stakes held under SUTTI and public sector banks. This include: For portfolio diversification, weighting of individual index constituent is capped at 15 per cent while weighting of each BSE sector is capped at 20 per cent. As part of the NFO, an upfront discount of 3 per cent would be offered to all categories of investors. The initiative is a part of the government's disinvestment program, announced earlier by the Department of Investment and Public Asset Management (DIPAM), Ministry of Finance and the government of India The government intends t...

Oct292017 by wealth18.comNo Comments

How to link mobile phone number to Aadhaar

Featured, How to Series

As per the recent government directive, all the existing customers have to link Aadhaar with their mobile numbers. Aadhaar-based e-KYC is essential for subscribers going for new SIMs. Further, the government has asked mobile operators to re-verify existing prepaid and postpaid customers, with the help of the 12-digit number. The re-verification exercise is scheduled to be completed by early 2018. In case you don’t complete the process before Feb 2018, services on your mobile will be disconnected as per the directive from Government of India. So, if you have to link your airtel mobile number to Aadhaar or your idea number to Aadhaar, you need to follow the steps mentioned in this post. Linking your mobile number to Aadhaar for the first time: To link your mobile number with Aadhaar, you ...

Oct292017 by wealth18.comNo Comments

How to buy / invest in diamonds through SIP

How to Series

Now , you can invest in Diamonds by investing small amount through SIP option. Like mutual funds and gold funds, you can now buy diamonds in SIP format through ICEX. Indian Commodity Exchange (ICEX) is the world's first diamond trading exchange. Key Features: The ICEX is starting trading in diamond contracts of three different sizes -30 cents, 50 cents and 100 cents (1 carat). The diamond is of HVS2 quality, which is one of the largest-traded quality of diamonds. HVS2 quality, which is one of the largest-traded quality of diamonds. Also, the diamond that investors will receive will be DeBeers certified. You can invest in SIP mode for certain period and take delivery of diamond at the end of term. How to Invest in diamonds at ICEX You need to open an account with broker on the ...

Oct292017 by wealth18.comNo Comments

HDFC Standard Life Insurance IPO – Analysis, Details,Opening Date, Issue Price, Allotment Status, Listing

Stocks

HDFC Life is one of the leading life insurer in India, offering a range of individual and group insurance solutions. Its portfolio comprises various insurance and investment products such as Protection, Pension, Savings, Income and Health. Issue Details of HDFC Life Insurance IPO: IPO Open: 7th Nov - 9th Nov 2017 Issue Price band: Rs 275 - Rs 290 Issue Size: Rs 8700 crore Market lot: shares Minimum Investment: (Rs per share) Max Investment for Retail Investor - xx shares Book Running Lead Managers: Edelweiss Registrar: Karvy Listing: BSE/NSE Download - HDFC Life Insurance IPO Red Herring Prospectus HDFC Life Insurance IPO Grey market Premium : 22.10.2017 GMP Rs per equity share IPO Issue Allocation: Qualified institutional buyers (QIBs) – 50% of ...