Tuesday, 29 July 2014

How to make the most of the extra Rs 50K tax deduction under Section 80C

How to make the most of the extra Rs 50K tax deduction under Section 80C
The deduction under Section 80C has been increased. Instead of random investments, use the additional limit to fill the gaps in your financial plan.
How three-year FMPs still score over fixed deposits
The budget has removed the tax advantage enjoyed by short-term FMPs but the 3-year plans continue to be more tax efficient than fixed deposits.
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'No' is a powerful word. Use it ruthlessly. Say 'no' to the relative who wants to sell you an endowment insurance policy.
Analysts riding high on India Inc post quarterly results
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How much more you need to save under Section 80 C
Here are the Section 80C investments of four typical taxpayers. Only one of them actually needs to invest more to save tax.
Quote of the week
"Rather than dollars, we are more interested in knowledge and expertise of World Bank. Dr Kim agreed and said WB can be our information bank"
Narendra Modi Prime Minister, India
Poor investment planning may hurt retirement plans

Family Finances

Pankaaj Maalde of Apnapaisa.com believes Rao can meet his goals provided he alters his asset allocation and overhauls his insurance portfolio.
Mindless tinkering with the tax rules must stop

Financial Planning

Instead of using tax incentives to direct investments to specific products, the list of Section 80C options should have simpler products chosen for their long-term benefits.
Liqvid e-Learning Services: Vivek Agarwal's Rs 15 crore firm cashes in on demand for English

Money-making venture

In spreading the use of this language, the Rs 15 crore Liqvid has struck a chord with the masses.
How Talha Sareshwala, a BMW retailer, built a Rs 200 cr business in 5 years

Entrepreneurs

Talha Sareshwala started as a broker, but then spotted an opportunity in the luxury car business in Gujarat. In five years, his dealership has grown 10 times.

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The first set of numbers in the first quarter of 2014-15 points towards achche din but bear in mind that it is natural for companies with good results to show their report cards first.
Changes in the tax structure, along with the expected economic recovery and stock market boom, have made the international funds lose their appeal.
"With the current government focusing on infrastructure and housing development, I expect the cement industry to witness improved demand."
They offer the twin benefits of tax deduction and capital appreciation. Here are a few things you should know before you invest in these tax-saving funds.
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