54EC Bonds - Capital Gain Bonds - Karvy Corporate. 54EC Bonds – Capital Gain Bonds Issued Under Section 54EC Capital Gain Bonds: Long-term capital gain is the gain that is derived out of a sale of an asset (Land or Building) that has been held for more than two years.
You can invest the gain in certain specified bonds to claim tax exemption within 6 months of the date of sale of the asset. Save tax on long-term capital gains by investing in 54EC bonds such as REC capital gain bonds, NHAI capital gain bonds respectively. Budget 2018 has proposed to amend the 54EC section of the Income Tax Act wherein capital gains arising only from the sale of assets such as land or building or both will be considered for tax exemption. It has also proposed to increase the lock-in period to 5 years from 3 years. 1. 2. 3. 4. 5. 6. 7. 8. The Analysis The interest rate offered on these bonds is 5.75% per annum. . • The investment is made within a period of 6 months from the date of transfer of the asset • Lock-in period to 5 years from 3 years.
Change Date of Birth in Aadhar Card by Karvy Corporate. An Aadhar card is an important document that contains a 12-digit unique identification number that is issued by the central government.
It is treated as a universal identification code that can be used instead of the other ID proofs like voter card, ration card, passport or PAN card. The Aadhar card is a document that contains information such as your name, birth date, permanent residential address, gender, profession and marital status. As the card is beneficial for various purposes such as applying for a passport, opening bank accounts and availing LPG subsidies, you must ensure that the information in it is correct.
How to Change Date of Birth in Aadhar Card at Karvy Corporate. An Aadhar card is an important document that contains a 12-digit unique identification number that is issued by the central government.
It is treated as a universal identification code that can be used instead of the other ID proofs like voter card, ration card, passport or PAN card. The Aadhar card is a document that contains information such as your name, birth date, permanent residential address, gender, profession and marital status. As the card is beneficial for various purposes such as applying for a passport, opening bank accounts and availing LPG subsidies, you must ensure that the information in it is correct. Therefore, if your birth date is incorrect in the Aadhar card it can cause many problems. HOW TO STRUCTURE YOUR SALARY TO MINIMIZE YOUR TAX BURDEN – As tax season approaches, Kartik was looking at his tax burden and figuring out ways to save tax.
He had exhausted the limit under Section 80C (investment in tax saving instruments), Section 80D (investment in health insurance), and taken the benefit of sections like 80G (donations) and 80TTA (deduction for savings account interest). However, his total tax payable was still quite high. He compared his tax burden with a colleague with a similar salary and was surprised to find his burden significantly lower. Home Loan Tax Benefits - Know the Tax Benefits of Home Loan Under Section 80C. Acquiring a home loan can assist you to save tax as per the provisions of the Income Tax Act 1961.
With every passing year, the home loan tax benefit increases to provide the borrower with a relief. A home loan can turn out to be an expensive affair if not planned efficiently. But, with the various income tax benefit on the home loan, there are still opportunities left for the borrower to enjoy their new home as well as save money year on year. Discussed below are the home loan tax benefit 2018 – 2019 assessment year that provides income tax benefit on home loan interest rates, benefits for first-time owners, and so on.
Now let’s have a look at the Income-tax benefits of a home loan. Home Loan Tax Benefit under Section 24 towards Interest Payment: This section deals with yearly tax deductions related to the interest payable on your home loan. • A maximum deduction of Rs 2 lakh can be claimed if your property is self-occupied. ELSS vs SIP - Know the Difference Between ELSS and SIP. Vidhi was looking to make some investments in the stock market to diversify her portfolio and also save tax.
Since she had no experience in picking the right stocks, she considered mutual funds, and had heard that equity-linked savings schemes (ELSS) offered tax benefits. However, she didn’t realize that there were two ways of investing in an ELSS fund, and got conflicting advice from financial advisors. One recommended that she invest a lump sum amount while the other said she should start a systematic investment plan (SIP) and invest small sums each month.
This contrary advice left her confused about investing. So what should she have done? Best Tax Saving Investment Options. Tax saving investments are crucial to one’s financial planning, because they not only help an investor to save tax but also meet different financial goals.
The Income Tax 1961 offers several tax savings investments for the investor so that he saves on taxes and at the same time make investments for the future. These tax saving investments are also referred to as tax free investments because the amount invested in these can be claimed as a deduction, this reducing total tax liability of an investor. We look at some of the best tax saving investments, their features and how they will help you save taxes. Want to trade? Try online-The benefits of online trading. With the world going digital, the possibilities of conducting business on the virtual screens of our computers and mobile phones have increased tremendously.
As long as we have a smart, internet-enabled phone, there is nothing that cannot be achieved. Whether it is drafting important business mails, accessing your bank accounts or even sending and receiving money, everything is now possible simply by logging on to the internet. PAN Card Date of Birth Change - How to Change DOB in PAN Card. PAN refers to Permanent Account Number – a 10-digit unique identification code/number, assigned to every entity conducting financial activities in India.
It is used to keep track of financial transactions that are taxable in nature. Thus, besides serving as proof of identity, the PAN card helps the government keep tabs on tax evasion. Why Update Details on PAN Card The Government of India has mandated linking PAN Card to Aadhaar Card. However, if your PAN card details are not correct, your Aadhaar card will not be linked with it, and you might have to face problems due to this. Since your PAN card serves as an official identity proof, incorrect/inaccurate information can lead to the authorities disapproving your applications. Moreover, it may cause you trouble and inconvenience in the future while filing your income tax returns. The slightest mistake or change in detail can have ramifications that you possibly may not expect.
Mutual Fund NAV - What is NAV & How is it calculated? Karvy Corporate. For any investor, the total or net asset value (NAV) of his investment is a point of major concern.
Whether he invests in the equity market or mutual funds or any other type of investment, the idea behind taking investment decisions is to increase his net worth and the total value of his assets. Net Asset value is a technical term that helps investors keep track of their funds as their investments move from one market cycle to another. It also helps him understand and interpret the total value of his funds.
Despite the importance of NAV, even the most seasoned investors are often confused about the concept of mutual fund NAV. New Fund Offer - What is NFO & Know How to Invest in NFO. One of the smartest investment decisions that one can make is portfolio diversification. With the availability of so many investment instruments, investors have understood that betting on only one kind of investment is not the smartest thing to do. It is essential to allocate funds in such a way such that the risks are mitigated.
Thissimply means that if you incur a loss on one investment, you have room for profit on another. Such investors, who are constantly looking to diversify their portfolios, must consider investing in NFO mutual funds. Tax benefits from Mutual fund investments. Apeksha was looking at investing in the stock market to grow a corpus for retirement. As tax season was approaching, she was looking at investing in a tax saving instrument as well. However, since most of her funds were earmarked for mutual funds, she did not have a lot of money to invest in other instruments. On reading about tax saving instruments online, she found out that there was a special category of mutual funds that provide a deduction under Income Tax.
Apeksha is not alone. Not many people have clarity about tax saving instruments and when tax season approaches, they pick any random instrument without checking out the benefits of the instrument for them and their corpus goals. Mutual funds are one of the most preferred means of investment in the stock market. SIP Meaning and Benefits of SIP. With the rise in income of middle class, growing financial literacy and ease of investing, the general population is taking an active interest in mutual funds. Most of the salaried employees and even businessmen are taking the SIP route to investing in mutual funds. In this article, we will see the different types of SIPs, and what best suits your needs Before that, we should see what is an SIP, and how to invest in one. SIP stands for Systematic Investment Plan. HOW TO INVEST IN MUTUAL FUNDS THROUGH SIP ONLINE – A penny in the piggy bank everyday!
Yes, this is what you did in your childhood and now that you are earning,use the same principle when you invest in mutual funds with a Systematic Investment Plan or SIP How to invest mutual funds systematically A Systematic Investment Plan is nothing but investing a specified amount of money at regular intervals (daily, weekly, monthly) into a mutual fund of your choice.This systematic way of investing in mutual funds helps you achieve your financial goals and create wealth in a safe and steady manner. The two biggest benefits of SIP are that they bring discipline into investing and reduce the average cost of buying a mutual fund unit in volatile markets. While SIPs are commonly used in the equity markets because of their volatility, they can be equally applied to other assets such as debt funds, gold funds etc. SIPs help you invest in mutual funds easily and conveniently. What are Depository Participants? Here's all you need to know. Sheena was pouring over her father’s investment paperwork and it wasn’t easy.
Dematerialisation of Shares – Know How to Convert Physical Shares to Demat. If you have shares in physical form and wish to transfer them after 1st April 2019, you may not be able to do so. According to a notification by the Securities and Exchange Board of India (Sebi) in June this year, you can hold shares in the physical form after April 1, 2019, but cannot transfer these securities unless they are in the demat form. Paper share certificates are an anachronism in these days of electronic trading and the Internet. What is Demat Account – Know How to Open Demat Account Online with Karvy.
Every company enlisted on the Indian stock exchange is obligated to offer shares in both, physical as well as dematerialised form. In this, physical securities are the actual share certificates that provide information about company shares owned by an investor; whereas, dematerialisation refers to the process of converting the share certificates into an electronic form. Once the shares are converted into the electronic or dematerialised form, they are held in an investor’s demat account. Know What are the Benefits of Aadhaar Card in India? Karvy Corporate. Understand Financial & Investment Products in India.
Trade Currencies with Currency Derivatives Market in India. Karvy Currency Derivatives Segment, a specialized group vertical within Karvy Stock Broking Limited, has been established in 2008 to cater to the growing needs of corporate houses to manage currency exchange rate risk. With the changing dynamics and increasing volatility of exchange rates across the globe, companies exposed to currency risk face the challenge of maintaining continued profit margins. Currency Derivatives would be one of the best options to manage any related exchange rate risk and be free from the worries of market uncertainties. At Karvy Currency Derivatives Segment (CDS), we provide customized hedging strategies for importers, exporters and companies with foreign exchange exposure.
We offer forex advisory and brokerage service for the Indian currency derivative market, and provide a robust and reliable online trading platform. Online Commodity Trading in India. Learn how to be successful in Commodities trading. Our award winning team will help you make your mark in this emerging investment opportunity. Wealth Management Services & Products in India. It is not how exotic your portfolio is but how well it is structured to meet your objectives and give you regular returns whatever the economic environment. Karvy, with over 25 years’ expertise in the financial markets, is offering comprehensive wealth management solutions for its customers through Karvy Private Wealth (KPW).
Our wealth managers provide direction to a client’s financial decisions, enabling him achieve his financial and life goals. As a wealth manager, we collate the relevant financial information and life goals of the client, assess his risk tolerance level, examine his current financial status, and identify a strategy to fulfill his goals. What is a CIBIL Score and How can you check it Online with Karvy Corporate. Portfolio Management Services in India. Online Equity Trading & Equity Broking Services in India. Our equity advisors will help you time the market better with their expert guidance and ensure that you make smart decisions. Stock markets are considered unpredictable, but they reflect the mood of the economy.
Over the years, investment in equities is considered to be the best long-term wealth maximization option. The gap between unpredictability and a safety anchor in the market is bridged by the in-depth knowledge of market functioning and changing trends, planning with foresight and choosing one’s options with care. From that perspective, our equity broking and advisory services are beyond just a medium for buying and selling stocks and shares. Know More about GST Suvidha Provider - Karvy Corporate. To facilitate enterprises and individuals file GST and make it a success, the government has introduced third-party service providers named them GST Suvidha Providers (GSPs). Karvy Data Management Services Limited is one such GSP that was chosen in the first lot of 30 approved firms by the government. GSPs provide innovative and convenient methods of tax compliance services to taxpayers and other stakeholders while interacting with the GST System. Know What is Union Budget at Karvy Corporate.
GSP Full Form: Learn What is GSP & What it does - Karvy Corporate. Know What is Form 15G - Karvy Corporate. Know What Is ELSS & Tax Benefits of Investing in ELSS - Karvy Corporate. ULIP Vs ELSS: Know the Difference between ULIP & ELSS at Karvy Corporate. Know What is TDS & Know when TDS is Deducted. Know the Full Form of EEE - Karvy Corporate.
Learn More About Section 80D Deduction at Karvy Corporate. 80CCC: Learn More About Income Tax Deduction Under Section 80CCC - Karvy Corporate. Know More About Section 54EC of Income Tax Act at Karvy Corporate. Know About Long Term Capital Gain on Shares - Karvy Corporate. Know More About Income Tax Slab Rate for AY 18-19 - Karvy Corporate. Know How to Check Income Tax Refund Status. Know about the Income Tax Slab for Senior Citizen. DTAA: Know What is Double Taxation Avoidance Agreement. CAGR Full Form: Know What is CAGR at Karvy Corporate. Read About GST Benefits by Karvy Corporate. Section 80g: Read about Section 80G Deduction at Karvy Corporate. Read What is Equity Market at Karvy Corporate. Read How to Invest in REIT in India at Karvy Corporate. Read About Long Term & Short Term Finance Sources - Karvy Corporate.
FII DII: Read the Difference between FII and DII at Karvy Corporate. Read About Debt Fund Meaning by Karvy Corporate. Know About the List of Documents Require for Pan Card. Know How to Check Pan Card Status at Karvy Corporate. Pan Card Name Change: Read How to Change Name in Pan Card. Learn How to Change Address in Pan Card by Karvy Corporate. Know How Mutual Funds Work at Karvy Corporate. Learn more about the Various Types of GST Returns - Karvy Corporate.
Know the GST Slab Rates at Karvy Corporate. Aadhaar Card Requirements: Know What are the Documents required for Aadhaar Card - Karvy Corporate. Learn More About Aadhaar Card Mobile Number Update From Karvy Corporate. Know How to Link Aadhaar Card To Pan Card Online - Karvy Corporate. Read How to Change Aadhaar Card Name by Karvy Corporate. Know How to Change Date of Birth in Aadhaar Card at Karvy Corporate. Know How to Change Address in Aadhaar Card at Karvy Corporate. Pan Card Information: Read all about Pan Card at Karvy Corporate. Aadhar Information: Read all about Aadhaar at Karvy Corporate. Know About E KYC for Mutual Funds - Karvy Corporate.