Saturday, August 3, 2019

Four more Saturdays left to file ITR. Here's all you need to know

THE ECONOMIC TIMES
Sat, Aug 03, 2019 | 11:59 AM IST

ITR filing guide

Made a mistake while filing ITR? Here's how you can correct it Made a mistake while filing ITR? Here's how you can correct it
Section 139(5) of the I-T Act states that after filing their return, if someone discovers any omission or wrong statement, he can furnish a revised return.
ITR: 'Lite' e-filing facility launched for taxpayers

"The Income Tax department is launching 'e-Filing Lite', a lighter version of e-Filing portal with a focus on filing of Income Tax Return (ITR) by the taxpayers," the I-T department said in a public advisory.

E-ITR forms updated post the extension of deadline to file ITR E-ITR forms updated post the extension of deadline to file ITR
The changes have been made in the ITR form to ensure no penal interest is payable by the taxpayer under section 234A if he files ITR before the deadline.
Penalty you will pay for missing ITR filing deadline and who won't have to pay

If you are a small taxpayer whose gross total income does not exceed Rs 5 lakh then the maximum fees you are liable to pay is Rs 1,000.

10 salary components that can help employees reduce tax burden 10 salary components that can help employees reduce tax burden
Your salary structure is of utmost importance; as you would always seek to maximise your take-home salary
TDS on salary: How it is calculated and deducted

Confused about how TDS is deducted from your salary? Here's everything you need to know about it.

ITR filing: How to download Form 26AS ITR filing: How to download Form 26AS
Follow these seven simple steps to download Form 26AS via the income tax department's e-filing website.
How to file ITR if you have more than one Form 16

For more than one Form 16, prepare a revised statement of income and tax liability to make sure that the tax is calculated as per the correct slab.

Gifts have to be declared in ITR: Here's how they are taxed Gifts have to be declared in ITR: Here's how they are taxed
The Finance Act 2004 introduced section 56(2)(v) for taxing gifts in the hands of the recipient.
What is the last date to file ITR?

The deadline to file an income tax return varies for different categories of taxpayers such as individuals, company etc.

4 ways to reset your income tax e-filing password 4 ways to reset your income tax e-filing password
Before the taxpayer uses this option to generate Aadhaar OTP, they must ensure that their PAN and Aadhaar are linked.
What to check in your Form-16 while filing ITR

Confused about what figures to check in the revised Form 16? Here's all that you need to know.

What you must check in your TDS certificates, Form26AS & why they should match What you must check in your TDS certificates, Form26AS & why they should match
There are several specific things which should be correctly reflected on the TDS certificate issued to you. Discrepancies can land you in a soup.
How to file ITR-1 online

Individuals can file ITR-1 either by downloading excel utility from e-filing website or by 'Prepare and Submit Online' option without downloading any software.

Documents required for filing ITR Documents required for filing ITR
Here is the list of documents you must collect and things you must do before filing your income tax return for FY 2018-19.
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Thursday, August 1, 2019

Price destruction permanent for most stocks, few will revert to past peaks

THE ECONOMIC TIMES
Fri, Aug 02, 2019 | 08:14 AM IST

ET Investment Opportunities

Price destruction permanent for most stocks, few will revert to past peaks

The prolonged selloff in the broader market has baffled even seasoned investors.

Dangerous debt levels may take gold prices back to $1,450 level

Historically, gold has thrived during the era of rate cuts and easy liquidity.

'Samudra Manthan' in progress on Dalal Street, says top broker

The good will eventually get separated from the bad, says Dhiraj Relli.

This D-Street veteran says market shifting to future-ready hands

According to Shah, investing is an art of differentiating voice from the noise.

Advertorial
Will India Thrive in the Fourth Industrial Revolution?
Empirical evidence shows us that SMEs tend to suffer the most from onerous regulatory compliance requirements imposed by governments.

Advertorial
Why do Indian businesses prefer to remain small?
UNIDO is the specialized agency of the United Nations that promotes industrial development for poverty reduction, inclusive globalization and environmental sustainability.

Top Mutual Funds
SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%)
Axis Bluechip Fund Direct Plan-Growth -3.53 8.56 2.09 13.97
Axis Bluechip Fund-Growth -3.60 7.92 0.73 12.53
Mirae Asset Large Cap Fund Direct- Growth -5.06 3.70 1.81 12.12
Sundaram Select Focus Fund Institutional-Growth -4.31 6.09 0.66 12.08
Reliance Large Cap Fund Direct-Growth -7.20 1.30 0.68 11.32
FeaturedDSP Strategic Bond Direct Plan-Growth
★★★★★
2.91 6.45 12.19 6.82
Start SIP
Economic Times Biz Listings
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Midcaps down 26% from highs, more pain in store

The P/E tended to bottom at 25-40 per cent discount levels.

Investment climate hurting foreigners, Indians alike: Swami Aiyar

We have to start with changing the mindset if we really want to become competitive.

More the choices, better it is in investing? Wrong, here's why

Clearly identify your financial goals and the criteria for making an investment decision.

We could be 1-2% from reaching a bottom in Nifty: Sahil Kapoor

Nifty entering ninth week of correction, longest in at least three to four years.

Advertorial
The enablers: These changemakers are helping millions, breaking barriers
Across India, with their set of unique product offerings, many new age, tech-led players such as Payworld, ShopX and Shiprocket are playing an enabling role for MSMEs.

Advertorial
Debunking 7 myths about working moms

Meet the vulnerable favourites! FII exits put over-owned stocks in a bind

Stocks where FPIs held 33-74 per cent have dropped up to 60 per cent since Budget.

As slowdown bites, India Inc readies to tighten belt

Some veterans are optimistic that a turnaround isn't too far away.

NFO (FMPs)
Fund Name Category Type Open Close Min Inv
 
SBI FMP (FMP) - Series 15 (1123 Days) Reg-G Debt: FMP Closed-end 30 Jul 2019 05 Aug 2019 5,000
SBI FMP (FMP) - Series 15 (1123 Days) Direct-G Debt: FMP Closed-end 30 Jul 2019 05 Aug 2019 5,000
SBI FMP (FMP) - Series 15 (1123 Days) Reg-D Debt: FMP Closed-end 30 Jul 2019 05 Aug 2019 5,000
SBI FMP (FMP) - Series 15 (1123 Days) Direct-D Debt: FMP Closed-end 30 Jul 2019 05 Aug 2019 5,000
Reliance FHF XLI - Series 13 Reg-D Debt: FMP Closed-end 07 Aug 2019 21 Aug 2019 5,000
More >>
Real Estate News
Real estate attracts $34 billion PE investment since 2014: Report Real estate attracts $34 billion PE investment since 2014: Report
25 million more affordable homes will be required by 2030 because of rapid urbanisation.
Jaypee homebuyers still hoping for dream houses Jaypee homebuyers still hoping for dream houses
While the SC has ordered early addressing of similar problems faced by home buyers of Amrapali and Unitech projects, buyers of Jaypee continue to wait for end to their woes.
SDMC spooks houseowners, says furnish completion certificates or face action SDMC spooks houseowners, says furnish completion certificates or face action
Notices are being issued irrespective of age of the building or period of construction with the South Delhi Municipal Corporation casting its net wide.
New luxury housing launches in January-June triples in 2 years since demonetisation New luxury housing launches in January-June triples in 2 years since demonetisation
While affordable and mid-segment housing sectors continued to dominate overall supply, the luxury segment too seems to be climbing back with rising supply of such apartments.
DDA survey to assess housing needs DDA survey to assess housing needs
Those who want to be considered under PMAY (Urban) will be able to apply online at the DDA website www.dda.org.in for subsidy or allotment, starting August 1.
NFO - Non FMPs
Fund Name Category Type Open Close Min Inv
 
ITI Long Term Equity Fund Reg-D Equity: ELSS Open-ended 15 Jul 2019 14 Oct 2019 500
ITI Long Term Equity Fund Direct-G Equity: ELSS Open-ended 15 Jul 2019 14 Oct 2019 500
ITI Long Term Equity Fund Direct-D Equity: ELSS Open-ended 15 Jul 2019 14 Oct 2019 500
ITI Long Term Equity Fund Reg-G Equity: ELSS Open-ended 15 Jul 2019 14 Oct 2019 500
ICICI Pru Private Banks ETF-G Equity: Sectoral-Banking Open-ended 01 Aug 2019 06 Aug 2019 5,000
More >>
Views and Recommendations
Buy JMC Projects, target Rs 176: HDFC Securities
01 August, 2019, 03:10 PM IST
JMC Projects (India) is a smallcap company, operating in construction sector.
Buy
Buy Gujarat Gas, target Rs 220: Centrum Broking
01 August, 2019, 01:23 PM IST
"We see volume strength sustaining for GGL for the next 6-9M," said the brokerage.
Buy
Add Indian Oil Corporation, target Rs 155: ICICI Securities
01 August, 2019, 12:45 PM IST
The re-election of a strong government augurs well for marketing margin outlook, the brokerage said.
Add
Buy Cholamandalam Investment & Finance Company, target Rs 300: ICICI Securities
01 August, 2019, 12:11 PM IST
Slippages in collection efficiency and deterioration in home equity portfolio remain the key risks, the brokerage said.
Buy
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