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- Missed the Tax Filing Returns deadline? How can you file returns?
- Reliance Regular Savings Fund - Debt Option
- Tata Equity P/E Fund - Invest Online
| Missed the Tax Filing Returns deadline? How can you file returns? Posted: 14 Aug 2014 04:25 AM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
Missed the Tax Filing Returns deadline? How can you file returns?
If you haven't filed you income tax return, you can do so till the end of the financial year without paying a penalty.
No deadline evokes so much fear and panic than the last date to file your income tax return.
However, there is no need to lose sleep if you have missed the 31 July deadline. If you have been unable to file your return for the financial year 2013-14, you can do so till 31 March 2015, the last day of the assessment year 2014-15. Unlike your credit card bill and mobile phone payments, there is no penalty for filing late if all your taxes have been paid.
There is more good news for the lazy taxpayers. If they miss the 31 March 2015 deadline as well, they can still file their return by 31 March 2016. However, this will be treated as a belated return. There is no difference in the filing procedure before or after the deadline.
However, tax experts say the penalty is rarely slapped if all the taxes have been paid.
Though the tax authorities are lenient towards lazy taxpayers, there is a price to be paid for missing the deadline. If there is some unpaid tax, the taxpayer will have to pay a 1% late payment fee for every month of delay since April 2014. If the tax due is more than `10,000, the taxpayer should have paid an advance tax. Advance tax is payable in three tranches--30% is to be paid by 15 July of the financial year, 60% by 15 December and 100% by 31 March. If this tax has not been paid, the penalty per month will be applicable from the due date of the advance tax.
The taxpayer also forgoes some of his rights if he has missed the 31 July deadline. For one, he cannot modify his tax return if it has been filed after the due date. If he has done so by the specified date (31 July), he can modify his return any number of times before the end of the assessment year or till the return is assessed. However, afterwards, he is not allowed to make any changes. If he makes a mistake or misses any deduction or exemption, he can't claim it later.
Late filers also cannot carry forward any short-term or long-term losses. The taxpayers who file by the due date can carry forward their capital losses and adjust them against any future capital gains. They can also carry forward these losses up to eight financial years. For instance, if someone suffered capital losses in 2013-14, these can be adjusted against gains made till 2021-22. However, this benefit is not available if the return is filed after the due date.
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 | ||||||||
| Reliance Regular Savings Fund - Debt Option Posted: 14 Aug 2014 02:30 AM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
Reliance Regular Savings Fund - debt Option
RRSF debt is essentially for an investor who has a time horizon of 12 to 18 months. Corporate Bond Fund is for an investor who has a time horizon of around 3 years. Second is as a corollary RRSF debt typically runs duration of close to 18 months, while Corporate Bond Fund will run duration of close to 3 years. This is almost double the duration of a RRSF Debt. So here the focus is on the reasonable accruals with potential capital gains built in if interest rates come down in medium term. However in RRSF debt almost the entire returns for the investor would come through accruals, if that investor stays invested for 18 months period. The portfolio duration in RRSF debt historically, since the RRSF started have never crossed 1.75 to 2 years. And it will continue to hover between the 1.5 to 2 year duration band.
In terms of credit profile, because RRSF runs a slightly lower duration of around 18 months we can have focus on higher accruals with a reasonably higher proportion of AA+ to A+ assets. In Corporate Bond Fund we are looking to bring some amount of duration also because the investor is coming with a slightly longer time horizon. So the Corporate Bond Fund is going to be more AA centric.
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 | ||||||||
| Tata Equity P/E Fund - Invest Online Posted: 14 Aug 2014 12:18 AM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
Tata Equity P/E Fund
The asset allocation funds which take exposure in other equity or debt funds basically fall under "fund of funds" product category. The Tata Equity P/E Fund is a multi-cap fund with bias towards value style of investing. The fund predominantly invests directly into shares of companies whose trailing 12 month P/E (price/earnings ratio) is lower than Sensex trailing P/E. So compared to the "Fund of funds" product category which takes call on markets for equity or debt allocation, our fund remain invested in equities to a large extent within the mandate of investing in low P/E companies.
The mandate of the fund makes it to follow "value oriented" investing style. Since the start of the year, because of improvement and stability in macro-economic parameters globally as well as domestically along-with stable political mandate, the confidence about prospects of economic growth in the markets has improved sharply. In such situations, value stocks outperform broader markets significantly as various expected triggers to improve company performance in future drive their re-rating from depressed levels of valuations. During the last one year higher exposure to IT sector worked for the fund. In the later part, higher exposure to banking & finance, selective exposure to capital goods, road construction and EPC companies benefitted the fund.
During last 4 years, value style has underperformed the growth style of investing. During the uncertain and recessionary period, market ignored value and chased growth stocks where earning and growth visibility is better even at higher valuations. Actually value stocks has corrected considerably in absolute terms. We focused on staying invested in better quality companies from sectors like IT and private banks during that time to maintain the margin of safety and tried to avoid absolute correction. IT sector picks generated good amount of alpha for the fund during CY13. During the recent rally, value stocks did very well and timely exposures taken in some of the banks, capital goods, construction and EPC companies worked very well for fund.
Value style continues to do well during extended periods of economic recovery. Value as well as growth style of investing can co-exist and both can perform if the market trend is of gradual upward trajectory which we believe is the case going to be. During such period of economic recovery, many companies gradually convert from a small/mid-size player to mid/large size company and typically such companies' stocks undergo P/E re-rating. Also even if some of the companies' which continue to trade at similar P/E level provide earnings related returns as in the end stock returns track earnings growth
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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