Prajna Capital |
- DSP BlackRock US Flexible Equity
- Income Tax Slabs for year 2013 - 2014
- What Is Insured Declared Value in Car Insurance?
| DSP BlackRock US Flexible Equity Posted: 12 Jan 2014 12:09 AM PST Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
Investment Objective
The objective of this scheme is to achieve capital appreciation by investing predominantly in units of BlackRock Global Funds US Flexible Equity Fund. The scheme may also invest in units of other similar overseas mutual fund schemes.
Fund Managers
Jay Kothari since Mar 2013
Analysis As on Dec 30, 2013
This fund invests at least 70 per cent of its total assets in companies domiciled in the US. This is a broadly diversified fund where the top-10 stocks take up only 30 per cent of the assets. The portfolio is spread across a wide variety of sectors. The word flexible in the name refers to the fact that the fund can invest in either growth or value stocks. The fund is likely to closely replicate the general direction and magnitude of the broad US markets.
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--------------------------------------------- Invest Mutual Funds Online Download Mutual Fund Application Forms from all AMCs Download Mutual Any Fund Application Forms ---------------------------------------------
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B. Large and Midcap Funds Invest Online
C. Mid and SmallCap Funds Invest Online
D. Small and MicroCap Funds Invest Online
2. Franklin India Smaller Companies E. Sector Funds Invest Online
F. Tax Saver Mutual Funds Invest Online 1. ICICI Prudential Tax Plan 2. HDFC Taxsaver
G. Gold Mutual Funds Invest Online
H. International funds Invest Online 1. Birla Sun Life International Equity Plan A 2. DSP BlackRock US Flexible Equity 3. FT India Feeder Franklin US Opportunities 4. ICICI Prudential US Bluechip Equity 5. Motilal Oswal MOSt Shares NASDAQ-100 ETF | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Income Tax Slabs for year 2013 - 2014 Posted: 11 Jan 2014 11:13 PM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India) IT Slabs for year 2013 - 2014 One must have heard the famous saying " Taxes Are Paid In The Sweat Of Every Man Who Labors ". No matter how old one is, one continues to pay taxes. Taxes are the fruit and sweat of one's labour. One can notice particularly in the older generation how they still love to pay taxes. It gives them a sense of satisfaction that they are contributing to the growth and development of our Great Nation. Doesn't one need to learn from the elders of our nation why one needs to pay those income taxes? One needs to consider how the Government would get funds to construct bridges, flyovers, railway tracks and the great ships and aircraft that guard our maritime boundaries. You must have heard the famous quote by Franklin Roosevelt the former US President." Taxes Are The Dues That We Pay For The Privileges Of Membership In An Organized Society ". Care To Know Why You Need To Pay Those Income Taxes?.
Call Prajna Capital 94 8300 8300 for more Information.
Individual Who Is More Than 80 Years At Any Time During The Previous Year: (Financial Year 2013-2014)
Education Cess : Table 1 :
From this example one can notice that had Mr Mahesh not made use of the income tax deductions available to him he would have payed an income tax of INR 164800.
What Are The Deductions Available Under Section 80 C Of The Income Tax Act Which Is Used By Mr Mahesh?
Senior Citizens Saving Scheme is the most lucrative scheme among all small saving schemes and is meant only for senior citizens. Interest income is tax chargeable. Current rate of interest is 9% per annum payable quarterly. Here Mr Mahesh invests INR 1 Lakh in the senior citizens saving scheme and gets deductions under Section 80 C of the Income Tax Act. This proves to be a lucrative method for him to save on his income tax.
What Are The Deductions Available Under Section 80 DD Of The Income Tax Act Which Is Used By Mr Mahesh?
Section 80 DD This is a deduction with respect to the maintenance expenses including the medical treatment of a handicapped dependent. The deduction is available for the amount spent for one's spouse, children, parent's brothers or sisters of the individual. The second condition is that the disabled person should be wholly or mainly dependent on the person seeking the deduction for their support and maintenance. The dependent should have a disability of at least 40%, and for claiming the deduction. The assessee has to furnish a copy of the certificate issued by the medical authority. The following expenses are exempted under this section : · Expenditure for the medical treatment, training, nursing and rehabilitation of the dependent. · Amount paid or deposited under any scheme framed on this behalf by the LIC or any other insurer or a specified company and approved by the Board on this behalf, for the support and maintenance of the dependent. A fixed deduction of INR 50,000 is allowed irrespective of the amount incurred. Deduction of INR 1,00,000 is allowed if the dependent has a disability of more than 80%. Mr Mahesh has a disabled child for whom he incurs an expense of INR 50000 per annum. He claims deductions under Section 80 DD up to an amount of INR 50000.
Section 80 G Section 80G deductions are available with respect to donations for charitable institutions by any tax payer. A person can claim Section 80G deductions for amounts given in receipt or certificate of donation issued by a donee. A valid 80G Certificate or receipt format must contain the PAN No. of the Donee, Date of the Registration Certificate and its Validity with the Income Tax Department, Date of Donation, Amount of Donation and Signature of the recipient.
Mr Mahesh donates INR 1 Lakh towards the Prime Ministers National Relief Fund as he regards this as his National Duty. He is exempt from income tax on this amount to the full extent of his donation. Table 2
Table 3
· Here one can see the Net Income Tax payable of INR 164800 (Table -1) where Mr. Mahesh has not made use of any of the income tax deductions available to him and hence pays a higher amount of tax. · Here one can see the Net Income Tax Payable of INR 92700 (TABLE – 3) where one can calculate the amount paid by Mr. Mahesh as income taxes had he made use of the deductions available to him. · Here the difference between TABLE 3 and TABLE 1 is the yearly amount Mr. Mahesh saves on tax by making use of the tax saving instruments available to him. This translates to a sum of INR 164800 -INR 92700 = INR 72100 I would like to end this article with the famous saying "We Are Taxed Twice as Much by Our Idleness. Three Times As Much By Our Pride, And Four Times As Much By Our Foolishness.
So better be in a hurry and file those income taxes. 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 )
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| What Is Insured Declared Value in Car Insurance? Posted: 11 Jan 2014 09:37 PM PST Invest In Tax Saving Mutual Funds Online Call 0 94 8300 8300 (India)
What Is IDV?You may be wondering what Is Insured Declared Value (IDV). This basically measures the sum reclaimed by you if your car should meet with an accident. If your newly bought car were to meet with an accident then the IDV value would be higher than an older car used for 3 years as the depreciation of the car is also taken into account. The IDV gives the current market value of the car and serves as a measure when claims are made on the value of the car. The registration cost and the insurance costs are excluded from the IDV value and only the accessories which are factory fitted are included and for coverage of new accessories add on premiums need to be paid. 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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