How the proposed new Direct Tax Code could cut your income tax

THE ECONOMIC TIMES Tue, Oct 22, 2019 | 08:16 AM IST ET Wealth Newsletter

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How the proposed new Direct Tax Code could cut your income tax The Akhilesh Ranjan taskforce, set up to suggest an overhaul of the Income Tax Act, has also recommended sweeping changes in the tax slabs. It submitted its report on the new Direct Taxes Code to the government in August. Is your financial advisor misleading you? Financial advisors have a critical role to play in times of volatility in the financial markets. However, is your financial advisor guiding you correctly on where and how to invest in the choppy stock market or behaving like a salesperson? Podcast: Don't fall for these festive season sales traps In this ET Wealth Wisdom podcast, we shed light on 5 festive season sales traps that buyers like you must watch out for. Mutual fund SIPs won't help in this situation and dividend plans are always pointless To the investor, the word dividend brings to mind corporate dividends, which are indicative of how profitable a company is and how much of the profits are being distributed to shareholders. In mutual funds, this is NOT the meaning of the word 'dividend'. Catch the best small- and mid-cap stocks Investors must examine their working-capital ratios carefully in the wake of the liquidity crunch. Will growth concerns affect M&As and funding? Current trends point to a scenario with two broad themes. More companies will stay private for a longer time and more money will chase the best late-stage deals. This will lead to increased competition and higher funding rounds for a few companies, read unicorns. Under fire, TikTok hires US law firm The short video app said its new team of (US) advisors will include two former congressmen and consult with the company on its content management policy and provide legal support. Chinese internet companies have come under scrutiny in the West for data protection policies that are often seen as laxer than more developed countries. From our Partners Evolving Change in Consumer Behaviour for Individual Lending Bureau Score Evolution – Capturing the changing retail lending landscape | Interpreting the bureau scores as evolved over time | How the CreditVision® Score works? From our Partners Evolving dynamics of MSME lending industry – A perspective from MSME Pulse by Vipul Mahajan Gain insights on where are new-to-credit MSMEs are coming from and who is lending to them Will you have enough money when you retire? Your 40s is the time to ask this question If the home you live in and PF & tax saving investments are your only assets, you may not be doing enough. 6 investing scams triggered by your emotions ET Wealth takes a look at some common financial scams, the psychological trickery involved in them and the ways you can protect yourself from falling prey. These are the emotional triggers that fraudsters use to trick you out of your money. Top Mutual Funds SCHEME NAME RATING 3 YRS(%) 1 YR(%) 6 M(%) 1 M(%) Axis Bluechip Fund Direct Plan-Growth ★★★★★ 17.05 26.06 10.71 9.01 Invest Now Axis Bluechip Fund-Growth ★★★★★ 15.55 24.49 10.02 8.87 Invest Now Mirae Asset Large Cap Fund Direct- Growth ★★★★★ 12.44 13.79 0.72 6.40 Start SIP Motilal Oswal Focused 25 Fund Direct-Growth ★★★★★ 11.52 20.47 7.19 10.06 Invest Now Mirae Asset Large Cap Fund Regular- Growth ★★★★★ 11.47 12.53 0.17 6.31 Invest Now FeaturedDSP Ultra Short Fund Direct Plan-Growth ★★★★★ 6.97 7.49 4.20 0.64 Start SIP Now, know how your insurance agent is being paid for policy sold to you When a policy is sold to you, an insurance agent earns a commission. Also, there are promised rewards that are paid over the commissions for the sales targets achieved by them. The new rule by Irdai could work in the interest of policyholders. How a Public Provident Fund (PPF) account works PPF accounts have a lock-in of 15 years. On maturity, the investor has the option of taking any one of the following steps- either withdraw the proceeds and close the account or continue the account for a block of five years.

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Financial Calculators New LTCG tax calculator: Plan, compute your tax Use this tool to calculate long-term capital gains (LTCG) and the corresponding LTCG tax for listed shares and units of equity-oriented mutual funds. Tax Impact Calculator This tax calculator will help you estimate your tax liability. Just input your personal income details and know how much you would be liable to pay.

When health, motor, personal accident insurance are more needed than life cover Insurance is a way to ensure that you make provisions to face eventualities. You would do well to first incur that expense which protects you. Read on to know when health, motor and personal accident insurance are more needed than life cover. Diwali 2019: 8 stocks with high upside potential to invest in this year's Muhurat trading It is considered auspicious to buy equity shares during Diwali - especially on Laxmi Pujan Day. Here are eight stocks that are top picks of several research houses, that offer high upside potential as the possible buys for this festive season. What is the sum assured in an insurance cover? The sum assured depends upon the income of the person and typically a maximum of up to 10 times the annual income is allowed as the sum assured. 5 stocks with strong fundamentals that are resilient to economic shocks For those looking at direct equity investing from a long-term perspective, it is advisable to identify companies that have maintained strong fundamentals over a period of time. Here are five companies with strong fundamentals as per analysts. Second quarter results: Why Infosys wins this bout against TCS Here is how the two index heavyweights fared in the September quarter. TCS missed revenue estimates, with dollar sales growing at just 1.6% compared to the previous quarter. Meanwhile, Infosys revenues grew 2.5%, in line with Street estimates. MF portfolio doctor: Singh's ambitious targets require big increase in SIPs Dilip Singh is saving for downpayment of a house and his child's goals. After checking Singh's portfolio, our mutual funds portfolio doctor says that Singh needs to hike SIPs every year. Here are other notes from the doctor. Family finance: Mehrotra's lack of surplus means he will have to defer some goals Saket Mehrotra is a 26 year-old CA from Kolkata. His goals include building emergency corpus, buying a car and house, taking an annual vacation, saving for his future child's education and wedding, own retirement. Here's what the financial planner recommends. Stock pick of the week: What has made Cipla a favourite of analysts Due to the recent price correction, the risk-reward ratio of Cipla has turned favourable. Despite the tough environment, the company is taking steps to increase its US business by introducing one limited product every quarter and that is also yielding results. Except for top tier firms, we have cut exposure to housing finance NBFCs to zero: Mahesh Patil, ABSL AMC "There is a second tier of NBFCs that are healthy in asset quality but not as strong on liability side. These will start doing well once the liquidity situation improves, and they are on our watchlist," says Mahesh Patil, CIO-Equity, Aditya Birla Sun Life AMC. Alternative investment returns monitor: For the week ending October 16, 2019 Here are the alternative investment options with their returns, for the week ending October 16, 2019. The proportion and purpose ​of these is vastly different.

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