The Securities and Exchange Board of India (SEBI) has approved the proposal to create a ‘side pocket’ for mutual funds. This feature will be exclusive to debt mutual funds. The following are key details regarding how the “side-pocketing” mechanism works in mutual funds. What is a Side Pocket? A ‘side pocket’ allows managers of debt…
The main reason why T&C is so ignored is that we don’t understand it and don’t want to put in the effort to decode a document full of financial jargons. So, here is a guide that will explain important parts of a credit card MITC (Most Important Terms & Conditions) in an easy and understandable manner.
This Diwali saw record sales across various categories as a number of online shopping websites and retail stores offered deals and discounts. Banks and NBFCs also made Diwali shopping easier on our pockets by offering co-branded benefits, direct rebates and no-cost EMI options. Such festive season offers allowed a lot of people to purchase items…
Income Tax Return (ITR) forms provide can be downloaded online from the e-filing website of the Income Tax Department. Alternately, if you are using ITR 1 (Sahaj), you have the option of filling out the form and filing the return online without having to download the form. In case you have to fill out your…
After you have filed and verified your ITR, the next step is to wait for the intimation that the ITR has been processed. ITR processing involves checking the TDS claimed by you with Form 26AS, tax and interest calculation and other arithmetic calculations. Generally, ITR is processed within 30-45 days from the date of ITR…
Forming an HUF or a Hindu Undivided Family is one of the effective and legal ways of tax saving. Let’s understand what is an HUF, how is it formed and how can you save tax by forming an HUF through this article. Table of Contents : What is an HUF? How can you save tax…
Navratri and Dussehra just mark the beginning of the festive season in India and more celebrations are yet to come. E-commerce websites, retail stores and even financial institutions go all out to make festive shopping easier for the customers. Finally, you can buy that new TV or PlayStation for which you have been saving. You…
