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Dec222019 by wealth18.comNo Comments

2020 Multibaggers – Top Large Cap, Mid Cap & Small Cap Stock Recommendations (for Medium to Long term)

Featured, Stocks

See below the Brokerage recommendations on Best Stocks to buy in India for profits in 2020 2019 has been a year of large caps and experts believe that we can see a good rally in midcap and small cap quality stocks in 2020. In Dec, various brokerage houses has provided their recommendations for stock picking for 2020. I have tried to consolidate the recommendations for your benefit: Jan 2 2020 - 15 Stocks where brokerages initiated coverage (link) Brokerage Stock Target CMP Upside Anand Rathi Dixon Technologies 5822 3913 49% KR Choksey Bandhan Bank: 667 499 34% Haitong Securities Finolex Industries 700 550 27% Reliance Securities V-Mart Retail 2060 1664 24% Jefferies IndiaMart 2500 2047 22% Anand Rathi Varun Beverages 862 707 22% Spark Capital Polycab India 1173 977 ...

Mar12019 by wealth18.comNo Comments

Section 80C Tax Saving Options & deductions (FY 2018-2019 / AY 2019-2020)

Featured, Taxation

In the month of March, most tax payers rush to invest their money in tax saving instruments. Though it is better to do the tax planning at the start of year & plan your investments over the whole year. Many salaried taxpayers has to submit the investment proofs etc to their employer in Jan. Section 80C of the Income tax Act 1961 provides list of Investments / expenses which is allowed as Deduction from your taxable Salary. Under 80C, you can claim maximum deduction of Rs 1.50 lakh. List of deductions under Section 80C - Investment Eligible for deduction u/s 80C PF/ EPF (Employee Provident Fund PPF – Public Provident Fund NSC – National Savings Certificate 5 year Tax Saver Bank FD 5 year Post Office Time Deposit Senior Citizen Savings Scheme NHB Suvriddhi Bonds ...

Jul22018 by wealth18.comNo Comments

How to file Income Tax Return online – ITR 1 & ITR 4S quick e-file online – Step by step guide

Featured, Taxation

You can file ITR 1 & ITR 4S online (without using the excel ITR file). In this post, I am providing step-by-step guide to file these returns on Income tax efiling website. As the due date for income tax is 31 July, you need to make sure that te returns are file on time. From April 2018, tax rules have changed and a penalty of upto Rs 10000 will be levied if the return is not filed on time. Also, the ITR revision time limit is also changed from 2 years to 1 year. See details Filing returns on Income tax wesbite is completely free and easy. Must Read - Step by Step Guide to file Income tax returns online Things to note: Make sure that you choose right ITR form. ITR forms depends on what kind of Income you have. See my other post on Which ITR form to use? Check your Form 26AS t...

Jul22018 by wealth18.comNo Comments

[How to] View your Form 26AS online – Check Tax Credit Statement

Featured, How to Series, Taxation

The last date for filing return is quite near (31st July). Before filing the returns, check your Form 26AS to make sure that TDS deducted are appropriately credited to your account. As the due date for income tax is 31 July, you need to make sure that tte returns are file on time. From April 2018, tax rules have changed and a penalty of upto Rs 10000 will be levied if the return is not filed on time. Also, the ITR revision time limit is also changed from 2 years to 1 year. See details When your employer deducts TDS from your Salary or your bank deduct TDS on your FD Interest, they need to deposit this amount to Government against your PAN. If they enter your PAN incorrectly, you will not get credit for that TDS amount. So, It is always better to check your Tax Credit Statement (Form ...

Jul12018 by wealth18.comNo Comments

How to File Income Tax return (ITR) online – Step by Step Guide for eFiling

Featured, Taxation

As the due date for income tax is 31 July, you need to make sure that te returns are file on time. From April 2018, tax rules have changed and a penalty of upto Rs 10000 will be levied if the return is not filed on time. Also, the ITR revision time limit is also changed from 2 years to 1 year. See details To avoid the long queues and complications, most people prefer to delegate the task to tax consultants or chartered accountants. E-filing of return is easy, fast and secure. You can file your return online without much bother if you take care of a few things. In this post, we will explain – How to file Income Tax return online for FREE in simple steps. 1) E filing of income tax return is mandatory – if your total Income is Rs 5 lakhs or more. Digital signature is not requir...

Jun192018 by wealth18.comNo Comments

Mutual Funds hit “Sell” button on these MidCap and Small Cap Stocks

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Midcap and SmallCap has not been performing very well this year. Many of the Mutual funds houses have exited several midcap and smallcap stocks over the past quarter. Check you hold any of these stocks in your portfolio and then you can take a more informed view: BNP Paribas Asset Management key exits: Shankara Building Products, Bharti Infratel, Galaxy Surfactants and Inox Leisure. HSBC Asset management exited 23 stocks Axis Mutual Fund key exits: Shankara Building Products, Canfin Homes, Apollo Tyres, Ajanta Pharma, RBL Bank Canara Robeco Asset Management Key exits: SH Kelkar, Parag Milk Foods and Lakshmi Vilas Bank Birla Sunlife Key exits: Reliance Naval, Just Dial, Narayana Hrudayalaya and Engineering and Jubilant FoodWorks ...

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...

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 ...

Mar142017 by wealth18.comNo Comments

How to transfer balance from EPF to NPS – Should you transfer?

Featured, How to Series, PF

PFRDA has now notified the procedures (on 6th March 2017) through which EPF members can transfer their PF balance to NPS (New Pension System). In Budget 2016, one of the proposals was to provide one time portability or transfer option from EPF to NPS. In this post, we will focus on procedures to transfer balance from EPF to NPS, current hurdles and whether it makes sesnse to transfer? Requirements and Process for transferring EPF to NPS You need to have a NPS Tier 1 Account. You can open NPS account through employer, banks/entities registered as PoPs, or online through eNPS Portal. You need to submit the transfer form to your employer who will then initiate the balance transfer from EPF to NPS The employee should request the PF/Superannuation fund to issue a letter to his presen...

Mar142017 by wealth18.comNo Comments

New Unified EPF UAN Portal – access PF passbook, UAN, KYC etc

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EPFO launched new unified UAN portal for Employees and EPF employers in Dec 2016. In this post, we will see the features and benefits of New Unified EPF UAN Portal. New Unified EPF UAN Portal will provides features as follows: Download and Print your updated EPF Passbook anytime Download and Print your UAN Card Check and Update your KYC Status Change your Mobile Number and E-mail ID You can login to the new unified UAN portal on https://unifiedportal-mem.epfindia.gov.in/memberinterface/ using UAN number and password. Sometimes, you might get error as the website is sometime encounter technical issues - because of heavy load on website. If your password is not working, you can choose "Forgot Password" Option. If your mobile number has changed, my other post will be helpful - H...