The Reserve Bank of India (RBI) has recently cut key policy rates to mitigate Covid-19 impact. Also, most of the banks and financial institutions have already been reducing the interest rates on their deposits schemes. So, as widely anticipated, the central Govt had announced a steep cut in the interest rates on small savings schemes […]
Archives for June 2020
My New Mutual Fund Portfolio | My Equity MF Investments
The corona-virus pandemic has thrown most of the global economies into a tailspin and shaken financial markets and investors profoundly. We are witnessing – salary cuts, lay-offs, huge drop in business revenues and professional incomes. These challenging times, reiterate the importance of ‘core financial planning principles‘ – Asset allocation, diversification, re-balancing, living within means, lower exposure to debt (loans/mortgages) etc., This […]
All you need to know about New Form 26AS | Annual Information Statement
Form 26AS or Annual Information Statement is a consolidated statement that contains details of your income – salary, business income, interest on your bank deposits, etc., as well as the total tax deducted (if any) on such incomes and deposited in your name with the Income Tax Department. TDS deductions that are given in your […]
RBI Floating Rate Savings Bonds 2020 : Features & Review
The interest rates on Bank fixed deposits have been on the downward slope and the interest rates on popular small savings schemes are not very attractive either. Also, Tax Free Bond Issues (Primary market) are not available now. This is inducing many small investors to look out for better fixed income products which can give decent fixed rate of return. For […]
Income Tax Deductions List FY 2020-21 | New Vs Old Tax Regime AY 2021-22
Tax planning is an important part of a financial plan. Whether you are a salaried individual, a professional or a businessman, you can save taxes to certain extent through proper tax planning. The Indian Income Tax act allows for certain Tax Deductions / Tax Exemptions which can be claimed to save tax. You can subtract […]
Latest BDA Plots E-auction 2020 | Details & Online Procedure
The Bengaluru Development Authority (BDA) has re-commenced auctioning its corner sites in various layouts. This comes two months after the Karnataka State Chief Minister B.S. Yediyurappa announced that around 12,000 BDA sites will be auctioned in a phased manner. Since 2011-12, the BDA has been aggressively offering the plots for sale through e-auction. These are […]