Page 662 - Personal Finance

Sebi mulls steps to reduce MFs exposure in corp bonds

Regulator seeks to address concerns over investments in distressed corporate bonds, following Amtek Auto crisis

CBDT to review new taxpayer centric measures, tax collection

To discuss implementation of recent initiatives announced by Centre for a taxpayer-friendly regime

E-filing: Over 50 lakh ITRs e-verified by IT dept

Over 39 lakh Aadhaar numbers linked with PAN database since the scheme was launched six months back

All communication of tax scrutiny to be via e-mail from FY17

Tax authorities want to reduce harassment of tax payers by eliminating interface between assessees and taxmen

How to handle tax notice under Section 245

If the refund is wrongly adjusted against any past tax liability, immediately clarify it online

NHAI tax-free bond sees enough appetite from retail investors

Highways authority raised Rs 3,420 crore of the Rs 4,000 crore set aside for individual investors

Now, you can file cheque bounce cases in your city

Govt notifies amended Negotiable Instruments Act; move will make life easier for those who have deposited cheques in a different city

Non-callable FDs suit conservative HNIs

Those looking for higher returns can look at tax-free bonds or debt funds that are more tax-efficient

Direct MF plans made convenient

Advisors can now access feeds of direct plans

Taxpayers need not worry about tighter PAN norms

Most of the changes rationalise earlier rules

Case study

Realty check

Budget: Rs 1-1.5 crore

Plan your summer holiday now

It's a good way of cutting costs, on both travel and stay; also, in case of late cancellations, travel agencies will offer alternative dates or locations

General Insurance: Rakesh Jain

Actual loss need not be paid if claim is inflated

Insurance company is not liable to pay claim if fraudulent means or device are used by the insured

Gains for some, losses for many?

A market where prices are not likely to go up for a while provides opportunity to build up positions

Choose a discount brokerage if you don't need advice

They work out better for intra-day and derivatives trades. Those investing to make a portfolio can look at full-service brokers

Themes for 2016

Whether it is equities, debt or gold, experts see a lot of changes on the personal finance front

Raise tax deduction limit for long-term savings to Rs 2.5 lakh: Assocham

The industry body has also pitched for revision of the deduction of interest on housing loans to at least Rs 3 lakh from the existing Rs 2 lakh

How to choose the right financial planner

Look for one with the right mix of qualification, experience, ethics knowledge, and communication skills