Page 385 - Personal Finance

India's largest equity fund manager Prashant Jain to leave HDFC: Report

Prashant Jain was the longest-serving mutual fund manager in the industry, served for 28 years. With corpus crossing the Rs 1 trillion mark, he became the country's biggest equity fund manager in July

ITR 2021-22: Everything you need to know about updated income tax return

In the Finance Bill, 2022, the government introduced the concept of 'updated ITR'. It allows the assessee to file the ITR within 24 months of the expiry of a financial year

Opting for presumptive tax reduces burden on freelancers: Experts

They don't have to maintain books of account or get them audited

ITR 2021-22: How does a belated income tax return differ from regular one?

Filing your income tax return on time is always the best option. We explain what happens when you file it late

EPFO adds 1.68 mn net subscribers in May, an 83% rise YoY: Govt data

Retirement fund body EPFO added 16.82 lakh new subscribers in May 2022, nearly 83 per cent more than 9.2 lakh enrolled in the year-ago month, according to official data.

Legal heir bound by law to file deceased's tax return for year of death

Failure to do so can result in penalties for the legal heir

ITR 2021-22: Using the Demat account to verify your income tax return

Once the ITR 2021-22 is filed, the taxpayer needs to verify their return within 120 days, or it is deemed invalid

ITR 2021-22: Important documents required while filing income tax return

The income tax department (I-T department) has fixed the deadline as July 31, 2022. If the ITR is not filed before the due date, the taxpayer may be subjected to monetary or criminal punishment

REITs: A combination of good returns with room for growth, say experts

Payouts can be affected by vacancy and tenants defaulting on payments

ITR 2021-22: Penalties you may have to pay if you miss July 31 deadline

If the income is above Rs 2.5 lakh per annum, you are required to file the ITR to avoid penalties. There are several penalties that are applicable if one fails to file the ITR before the last date

ITR 2021-22: List of transactions needed to furnish your tax return

There are several transactions that one needs to mention mandatorily in the ITR 2021-22 (AY 2022-23). It is necessary to avoid a notice from the I-T department

How to file ITR-2 online with salary income, capital gains for FY22

Individual taxpayers not having business or professional income can use this form for Income Tax Returns

Wish to shun market volatility? Go for insurers' assured return plans

Check the return for your age, tenure, and premium variant, and if proceeds will be tax-free

Professional advice helps: Top 10 myths about financial planning

It is wrong to believe that those knowledgeable about personal finance should not engage with a Registered Investment Adviser

Fund pick: Aditya BLS Flexicap Fund

Fund pick: Aditya BLS Flexicap Fund

A snapshot of term insurance plans with two riders offered by companies

Here is how the term insurance plan offered by various companies stack up

ITR 2021-22: These high-value transactions must be declared in your return

Such transactions attract special attention from the income tax (I-T) department and are mandatory to be furnished. If not, they may lead to fines, penalties or even jail term

It's prudent to file nil ITR even if your income is below Rs 2.5 lakh

Filing income tax return will prove handy while applying for a loan, insurance cover, or a visa

As deadline approaches, here's how to file I-T return of a deceased person

Failure in filing the ITR of a deceased person makes the heir liable to pay the penalty or fines. It may also lead to some penal consequences

Unable to take duration call? Consider investing in a dynamic bond fund

But these funds can underperform if the fund manager's calls go wrong