Prajna Capital |
- What ia a stock stop loss?
- ICICI Prudential Global Stable Equity Fund
- What to do If you have missed few Income in I-T return?
| Posted: 17 Sep 2013 03:57 AM PDT Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India) This is mainly a traders' tool to minimize their losses. At times, even investors use this tool to good use. This is how it works: Suppose you buy a stock at Rs 100 and instruct your broker or the system that in case the stock price falls to Rs 95, all your holding in the stock should be put on the market for selling. That way if you sell at Rs 95 and the stock price falls further, you manage to minimize your losses. Happy Investing!! We can help. Call 0 94 8300 8300 (India) Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com
--------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
------------------ Best Performing Mutual Funds
|
| ICICI Prudential Global Stable Equity Fund Posted: 17 Sep 2013 02:26 AM PDT Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
Investors should hunt for a truly diversified global equity fund WHAT IS IT: ICICI Prudential Global Stable Equity Fund (IPGSEF) is an open-ended global equity fund of fund (FoF) aiming to deploy your money in subscription of units of Luxembourg-registered Nordea 1-Global Stable Equity Fund-Unhedged (N1GSEFU), managed by Nordea Group, a pan-European banking entity based in Luxembourg and Switzerland. For ICICI Prudential Asset Management, IPGSEF is its second offering in the global fund category; the first one being its US Bluechip Equity Fund launched in June last year. NFO PERIOD: August 27 to September 10. Minimum application amount is Rs 5,000.
SCHEME OBJECTIVE: The stated objective of IPGSEF is to provide adequate re turns by investing in units of overseas mutual fund schemes that have the mandate to invest globally.
BENCHMARK: The fund will be benchmarked to MSCI WorldNet Return Index, although the un derlying fund in which it will invest, N1GSEFU, does not benchmark its does not benchmark its performance to any index.
Happy Investing!! We can help. Call 0 94 8300 8300 (India) Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com
--------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
------------------ Best Performing Mutual Funds
|
| What to do If you have missed few Income in I-T return? Posted: 17 Sep 2013 01:54 AM PDT Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
THE due date for filing personal tax returns for financial year 2012-13 (FY13) was August 5.
While you would have taken all precautions in taking care of all your incomes, there could be a possibility that in your own wisdom you may have overlooked some incomes that should be offered to tax in the return. Some examples can be: Fixed deposit interest: Interest earned from fixed deposits is liable to tax under the Income tax Act, 1961 (IT Act). Some people believe interest from fixed deposit is not taxable, however, it is not true. Banks will deduct tax at 10 per cent on interest above Rs 10,000 and the balance tax needs to be deposited by the assessee.
Interest from a savings bank account is taxable. Interest up to Rs 10,000 is allowed as a deduction under Section 80TTA of the IT Act and the balance is liable to tax. Interest accrued on NSC: Interest earned on NSC gets reinvested in the scheme and becomes eligible for a deduction under Section 80C of the IT Act. The deduction for reinvested interest is available for first five years. However, we must not forget that such interest income is first taxable and needs to be included in the total income. Rental value of deemed to be let-out house property: If you have more than one house property then caution needs to be exercised while reporting this in your tax return. Under the IT Act, if you own more than one residential property, you can claim one of them as self-occupied and the other will be considered as `deemed to be let-out'. In case of property considered deemed to be let-out, a notional rent of the property will be taxable as house property income. Miscellaneous incomes: You may have purchased a property or made some financial investments and the broker would have passed commission to you. This commission is income and should be offered to tax. If any TDS has been done, the balance taxes needs to be deposited by you. If you have discovered any such income that you have not reported in your tax return, the IT Act provides you an option to revise your tax returns under Section 139(5) of the IT Act. Revisions can be made provided the omission of wrong statement in the original return was due to a bonafide inadvertence / mistake. You can revise a return within one year from the end of the assessment year or before completion of assessment, whichever is earlier. Hence, revised return can be filed by March 31, 2015, or before completion on assessment, whichever is earlier for FY13. The IT Act provides for a penalty of 100 per cent of tax evaded to 300 per cent. So it's best to look at your income sources and if there is anything that has not been disclosed then file a revised return and lead a happy life. After all it's always better to address any unnecessary questions from the tax officer later. Happy Investing!! We can help. Call 0 94 8300 8300 (India) Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com
--------------------------------------------- Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online Tax Saving Mutual Funds Online These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
------------------ Best Performing Mutual Funds
|
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