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| Posted: 31 Jul 2014 06:45 AM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
ECS for NPS Investing
The National Pension System provides the ECS mandate facility to its subscribers to let them invest electronically. Find out more
NPS provides an ECS mandate facility to its subscribers to let them invest electronically by giving an auto debit mandate to their banks. Download the ECS Mandate form from the Point of Presence (PoP) website or collect the mandate form from the PoP with which you wish to register for making ECS payment. Units will be allotted at NAV based purchase price declared on the fourth day of ECS debit made on the subscriber's bank account. In case the date falls on a non-business day, the immediate next business day will be taken into account for the purpose of determining the NAV.
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
Leave a missed Call on 94 8300 8300
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 Mutual Funds Online
Download Mutual Fund Application Forms from all AMCs Download Mutual Any Fund Application Forms ---------------------------------------------
Best Performing Mutual Funds
B. Large and Midcap Funds Invest Online
C. Mid and SmallCap Funds Invest Online
D. Small and MicroCap Funds Invest Online
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 | ||||||||
| Posted: 31 Jul 2014 03:36 AM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
Gold ETFs and Budget 2014
The tax advantage they enjoyed over physical gold has been done away with
Last year, gold exchange traded funds (ETFs) had gained a great deal from the depreciation in the rupee and the UPA government's move to impose additional levy on gold imports, making it an attractive option for investors. The landed price of the yellow metal had surged, pushing up the net asset value (NAV) of gold ETFs.
However, the recent budget proposal by Finance Minister Arun Jaitley has thrown a spanner in the works for gold fund investors. The revised tax structure for all non-equity funds, including gold ETFs and gold savings funds, and the extension of the holding period from 12 to 36 months to be eligible for long-term capital gains, have effectively changed the product proposition of paper gold. Does this mean gold ETFs have lost their advantage over physical gold?
Owning physical gold, whether certified gold coins and bars, or jewellery, is a hassle. Jewellery, for instance, should never be an investor's pick simply because you have to pay a hefty sum over and above the metal's price as part of wastage and making charges. You will also lose out when you sell it--the jeweller usually deducts 5-10% from the prevalent rate of the yellow metal. While you can buy certified gold bars or coins from banks, you cannot sell them back. Besides, the actual purity of gold can be suspect. The other concern is the safekeeping of physical gold where you might have to hire a locker to store it, adding to your costs. In comparison, paper gold not only offers the convenience of holding it in the electronic form, but the questions on the purity of the metal do not crop up. Besides, you can buy gold ETFs equivalent to even half a gram of physical gold, allowing you to invest smaller amounts in the precious metal. The ability to buy gold ETFs in smaller denominations provides respite to those who cannot shell out a lump sum.
Moreover, physical gold also contributes to your wealth tax outgo.
The game has changed for all those who are looking to hold gold investments for less than three years." If you are invested in gold ETFs, it would be prudent for you to wait till your investment completes three years. "Not much has changed for long-term investors, but those looking to make quick gains from gold investments are stuck. Experts say one must take a decision based on the expected gold price movement. If you expect gold prices to fall in the short term, book profits now and invest the proceeds in better alternatives. If you expect gold prices to head north, then stay put.
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
Leave a missed Call on 94 8300 8300
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 Mutual Funds Online
Download Mutual Fund Application Forms from all AMCs Download Mutual Any Fund Application Forms ---------------------------------------------
Best Performing Mutual Funds
B. Large and Midcap Funds Invest Online
C. Mid and SmallCap Funds Invest Online
D. Small and MicroCap Funds Invest Online
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 | ||||||||
| Posted: 31 Jul 2014 01:05 AM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
Filling Tax Returns Online
THE LAST date for filing Income Tax (I-T) returns is just about a week away and it's time to get your documents in order to get started with the process. If you have a taxable income of over `5 lakh, you must file the returns online. The process has become less complicated this year with the I-T department's official e-filing site (incometaxindiaefiling.gov.in) introducing the much simpler Java utility .
It is user-friendly and faster, with separate tab for head of income and tax details being provided. Also provided is the option to pre-fill some personal and tax information such as PAN (permanent account number), name, TDS etc.
However, keep your bank statements, Form-16 issued by your employer and a copy of the last year's returns near you before you begin.
You then need to register yourself on the portal, where your PAN will act as your user ID. You can click on `Quick e-file ITR' on the left hand side menu and follow the instructions after selecting the applicable form. Pay the income tax due, if any; verify all the information and hit the `submit' key . Finally , if you haven't filed the return using a digital signature, you need to print the verification form (ITR-V), sign it using a blue ink and send it to the I-T department's central processing centre in Bangalore by ordinary or speed post, within 120 days of filing your returns electronically .
If you find the task daunting, you may also use private portals like taxsmile.com, cleartax.in and myITreturn.com that facilitate filing of return. You can also check out mobile applications from BlackBerry and makemyreturns.com.
The private portals essentially offer two types of plans -one, where you are required to complete the process on your own and the other, where the portal's helpdesk assists you. If your return-filing is complex and detailed, consider opting for this assistance.
For those drawing an income of over `5 lakh, we charge a fee. All calculation engines are embedded (filer need not know the tax laws) in the page, making it easy to file returns. In addition to these, the portals also offer value-added services like tax credit verification, ITR-V submission and refund tracking for a fee. Our income tax return review service entails tax experts scrutinising the return prepared by users. This helps in ensuring accuracy.
CHOOSE SITES CAREFULLY
I-T department recently put out a cautionary advice against using certain mobile applications without naming any, stating that one must use them at their own risk. So, ensure that you are using a legitimate portal or an application.
Check if firm's policy states that your data won't be shared with third parties without consent. Moreover, see its track record too.
You need to assure yourself that the sensitive information that you provide will not be misused. Therefore, do a background check to ascertain the return filing portal's reputation and its parent company's antecedents. Transacting through credible entities will provide some comfort.
Considering that the new version of the forms on the department's portal is simpler, attempt filing on the official site first.
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
Leave a missed Call on 94 8300 8300
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 Mutual Funds Online
Download Mutual Fund Application Forms from all AMCs Download Mutual Any Fund Application Forms ---------------------------------------------
Best Performing Mutual Funds
B. Large and Midcap Funds Invest Online
C. Mid and SmallCap Funds Invest Online
D. Small and MicroCap Funds Invest Online
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 |
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