Prajna Capital |
- What is capital asset pricing model?
- How Not to Fall Prey to Mis-Selling
- One Can File Income Tax Return after the Deadline
| What is capital asset pricing model? Posted: 24 Sep 2014 05:07 AM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300 What is capital asset pricing model?
Capital asset pricing model (CAPM) is a mathematical model used to price risky assets, like stocks, through a relationship between risk associated with such assets and the return that could be expected by the buyer of that asset. The basic idea behind CAPM is that a buyer of a risky asset should be compensated by the risk he / she is taking. This compensation is done through two ways -time value of money, and the risk. Time value of money is defined by the risk-free return that the investor could get if the same amount of money is invested in a risk-free security, like government bonds, over the same period of time for which he she is investing in a risky asset. Here, risk is measured by an element called beta which is the extra amount of money that the investor could get for taking on additional risks. 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 | |||||
| How Not to Fall Prey to Mis-Selling Posted: 24 Sep 2014 03:34 AM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300 How Not to Fall Prey to Mis-Selling
Despite customer-friendly regulations, complaints about unfair business practices are on the rise
IN 2010, the Insurance Regulatory and Development Authority (Irda) began introducing several measures to rein in mis-selling. It was hoped that over a period of time the instances of malpractice would fall. However, this hasn't been the case. Recent data, submitted by Irda to the Finance Ministry, reveals that complaints from policyholders, particularly about `false promises', have increased over the past three years. The complaints related to `unfair business practices' have also spiked. As many as 48,721 complaints have been filed under this head between April 1 and July 20. The complaints have jumped from 1.68 lakh in 2012-13 to 2.11 lakh in 2013-14. In 2011, this figure stood at just over a lakh. While the rise can be partly attributed to an increase in awareness among policyholders about their rights, it is a cause for concern. BE AWARE OF TACTICS Understanding a product's working is the perfect antidote to false promises. For instance, always insist on going through policy documents before pu policy documents before purchasing a single premium policy instead of taking the agent's word for it. Selling wrong policies through misrepresentation is one of the major reasons for complaints. This is especially true for pension policies with a `one-time premium', which often turn out to be policies that actually require an yearly payment of premium. If the premium is not paid annually, the insured loses the initial premium as the policy lapses. While signing an insurance contract, you must scrutinise its features and ascertain if they match up with the insurer's verbal promises. At least, make sure you read the fine print during the 15-day free-look period. If you are not comfortable with the features, you can return the policy and your premium will be refunded after the deduction of stamp duty and proportionate risk premium for the period. In case of general insurance, issues around processing of claims cause greater grief than misselling. Policyholders often complain that their claims are rejected on flimsy grounds. For instance, in health insurance, pre-existing ailments frequently become the bone of contention between the insurer and the insured. "Pre-existing ailments are typically covered from the fifth year onwards, yet insurance companies avoid settling claims. Hypertension and diabetes are used as excuses to reject claims for heart and kidney problems. To avoid rejection on grounds of non-disclosure of medical condition, ensure that you complete the proposal form yourself. Never leave it to the agent. Since the agent wants the policy to be issued so he can earn a commission, he often does not disclose correct medical data. When a claim arises, the insurance company repudiates the claim, alleging suppression of facts by the insured. Delay in claim intimation is another key cause of dispute. Irda has clearly stated that claims should not be rejected merely due to delayed intimation. Late document submission should not be treated as grounds for rejecting the claim, if it is genuine. Despite taking all the precautions, if you feel you have got a raw deal, you can file a complaint through official channels. The first complaint should always be to your insurer. Do not approach the regulator without attempting to get your grievance redressed by the insurer. You can file your complaint through the insurer's call centres, e-mail or branch office. If your query is not resolved at this level, you can approach the company's grievance redressal officer. If you still remain dissatisfied, lodge a complaint through Irda's dedicated grievance redressed portal (http:www.igms.irda. gov.in). Once you register on the site and lodge your complaint, you will be able to track it as well. You also have the option of approach ing the insurance ombudsman in your city, which serves as a quasi-judicial body . The ombudsman has the powers to pass orders pertaining to cases entailing a value of up to `20 lakh. The decision is binding on the insurance company , but as a policyholder, you are free to move consumer courts if you are not convinced. Many policyholders, assuming it will be a long drawn process, avoid going to the ombudsman. However, awards can be granted in as less as 30 day. 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 | |||||
| One Can File Income Tax Return after the Deadline Posted: 24 Sep 2014 01:19 AM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300 You Can File Income Tax Return after the Deadline
If you haven't filed ITR, you can do so till the end of the 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 201314, 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, you will have to mention that the return is a belated one in the tax form. There could also be a `5,000 penalty for late filing (after 31 March 2015) depending on the discretion of the assessing officer.
However, tax experts say the penalty is rarely slapped if all the taxes have been paid. The assessing officer invokes that provision only when there is an additional tax liability. For salaried individuals and retirees, whose income is subjected to tax deduction at source, are on dry ground. However, keep in mind that there may be some income on which you have not paid tax. Although there is now a `10,000 deduction on interest earned on savings bank deposits under Section 80TTA, the income from other bank deposits and infrastructure bonds bought a few years earlier is fully taxable.
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 percent 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 percent is to be paid by 15 July of the financial year, 60 percent by 15 December and 100 percent by 31 March.
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.
Late filers also cannot carry forward any short 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. 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 |
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