Interest income under tax scrutiny: Here's what you must know to stay clear of taxman

THE ECONOMIC TIMES Tue, Sep 05, 2017 | 06:33 AM IST ET Wealth Newsletter

WHAT'S HOT #RERA,#sukanya samriddhi yojana calculator,#income tax,#tax filing,#critical illness,#taking a personal loan,#tax saving

Interest income under tax scrutiny: Here's what you must know to stay clear of taxman There are a lot of misconceptions about the taxability of interest earned on bank deposits. Here's what you must know to avoid falling foul of the law. Learn how to invest in volatile stock market from mutual fund managers Following the strategy of experts and sticking to quality companies and rigorous research could help you ride out the uncertain market. When you should and should not sell your mutual fund investments There are right reasons for selling a fund which tend to be about the investor and there are wrong reasons which tend to be about the investment. From our Partners Planning to buy a car? Here's how much it can cost you post GST Like most sectors, the Goods and Services Tax (GST) is being levied on the automobile sector, and this could change how you buy a car. From our Partners What you must know about HRA and how to ensure it is not rejected HRA is a popular way for salaried individuals to save on taxes. But there are certain dos and don'ts you must ensure to prevent your claim from being rejected. How is stock market peak of 2017 different from that of 2008? The economy was clocking healthy GDP growth during the years preceding the earlier market peak in 2008 compared to the all-time high of 2017. Personal finance checklist for those crossing 40 Start investing sensibly, correct past mistakes, get a grip on your spending and debt, and make the most of the next 20 years. Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Mirae Asset India Opportunities Fund Direct- Growth 0.19 16.57 23.31 17.32 Motilal Oswal MOSt Focused 25 Fund Direct-Growth 1.12 17.61 23.92 17.19 Invesco India Growth Fund Direct-Growth 0.28 18.04 21.31 16.78 Mirae Asset India Opportunities Fund Regular- Growth 0.13 16.15 22.41 16.39 SBI Bluechip Direct Plan-Growth -0.20 13.70 15.61 15.99 FeaturedDSP BlackRock Equity Savings Fund Direct-Growth ★★★★★ 0.81 8.41 11.69 NaN Start SIP Lessons from Infosys, Tata Sons: Assess management of company before buying its shares Recent events at Infosys and Tata Sons have highlighted the importance of assessing the management of a company before you invest in its shares. 5 house gadgets that are worth spending on ET Wealth lists five gadgets that every home must have and one should invest in even though they might not seem important at first.

Financial Calculators 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. Home Loan Refinance Should you refinance your home loan? Use this calculator to find out if it is worthwhile to shift your home loan to another bank? Just enter the data and click next. It's that easy. More Calculators

How to file tax return as a representative of someone There are specific people, such as a guardian, trustee, or some other competent person, authorised by law to file tax returns on behalf of someone. Does renting furniture make financial sense? A new trend of renting furniture is emerging. If you've been considering this option, here's a handy guide to help you decide. How not to finance down payment for buying home For starters, before you decide on buying a home, make sure you have accumulated enough money to make the down payment to avail the home loan. Buying a house? Here's how to prepare yourself financially There has to be a balance between the commitment that will eat into your income and cutting back on expenses to build an asset. Stock pick of the week: Why Sadbhav Engineering is analysts' favourite Impressive revenue growth, increased revenue visibility, strong balance sheet and reduced debt has made Sadbhav Engineering analysts' favourite. These are the participants in your insurance contract There are four participants in an insurance contract. Here's a look at each of them. HDFC Top 200 Equity Fund: Offers high upside with high volatility The fund is a good offering for investors who are comfortable with a higher degree of volatility and patience to ride out entire market cycles. The long-term story of India's pharma sector is intact: Sandeep Nayak, Centrum Broking Ltd The sector has seen a lot of issues and therefore, prices have corrected and valuations are reasonable from a long-term perspective. Family Finance: Salaried Vickram has enough surplus to meet financial goals Vickram and Rita's goals include saving for emergencies, kids' higher education and their weddings, retirement, and a house. Tax Optimizer: NPS, LTA can help salaried Passi reduce tax outgo Paying too much tax? Write to us and our experts will tell you how to reduce your tax by rejigging your pay and investments. Mutual fund investments must now be linked to Aadhaar: Here's how to do it Financial institutions like mutual funds are mandated to obtain Aadhaar number from their customers and link the same to the respective accounts. Alternative investment returns monitor: For the week ending August 30, 2017 The scope and attractiveness of alternative investments is increasing. Here's a weekly tracker of returns from such investments.

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News Digest: 2 lakh bright young sparks sign up for TOI's scholarship programme

		THE TIMES OF INDIA
		Tuesday, September 05, 2017
		Today's Headlines

		India
		2 lakh bright young sparks sign up for TOI's scholarship programme Give info of plaints on child porn, SC tells social sites SC seeks Centre's reply on Rohingya deportation PIL More India News»

		Business
		Despite spike, Oil minister says daily revision of fuel prices to continue Pradhan, who was on Sunday elevated as Cabinet minister and given additional charge of Ministry of Skill Development and Entrepreneurship, said the daily revision immediately passes on the benefit of any reduction in global prices to consumers and avoids sharp spikes by spreading them in small doses Sensex, Nifty lose heavily despite late gains Sensex had lost more than 300 points in intra-day trade to hit the day low of 31,560.32 after the markets opened on a negative note on the back of weak Asian cues due to yet another missile test by North Korea. After a late partial recovery, it ended the session almost 190 points down. PM Modi roots for BRICS rating agency, seeks strong partnership The prime minister said a strong partnership among member nations on innovation and digital economy can help spur growth, promote transparency and support the sustainable development goals. He also called for the creation of a BRICS rating agency. More Business News»

		Environment
		Gadkari to set up task force for speedy implementation of Ganga cleaning projects Clean rivers on a priority basis: Water activist to Centre Eminent water activist Rajendra Singh has urged the Centre to take up cleaning of rivers on a priority basis and emphasised on the need to educate the present generation about the importance of water bodies. Paris pact not under threat over US exit, French minister Brune Poirson says More Environment News»

		World
		North Korea begging for war: US after UNSC meeting UN Security Council members called for further sanctions against North Korea on Monday after a powerful nuclear test explosion added another layer of urgency for diplomats wrestling with what to do about the North's persistent weapons programs. 'North Korea could be preparing new missile launch' South Korea did not indicate when a North Korean missile launch would take place, but said it could involve an ICBM being fired into the Pacific Ocean to raise pressure on Washington further. Merkel backs end to EU-Turkey membership talks "The fact is clear that Turkey should not become a member of the EU," Merkel said. The EU-Turkey relations have worsened since Turkish President Tayyip Erdogan's crackdown on opponents in the aftermath of a failed coup attempt in July of last year. More World News»

		Entertainment
		Alia Bhatt's adorable childhood picture will make your day Alia Bhatt, who has proved her mettle with award-winning performances in films like ‘Highway’ and ‘Udta Punjab’ is currently working on Meghna Gulzar’s ‘Raazi’. The young diva is also a foodie and doesn’t go hungry to maintain that enviable figure. Harshvardhan overseeing Abhinav Bindra biopic? While Harshvardhan Kapoor awaits the release of his vigilante flick ‘Bhavesh Joshi’, he seems to have already immersed himself into his next project- a biopic on Indian Olympic gold medalist Abhinav Bindra. Pic: Sonam, Kareena on 'Veere Di Wedding' sets Kareena Kapoor Khan's first project post-pregnancy, 'Veere Di Wedding' co-starring Sonam Kapoor, Shikha Talsania and Swara Bhaskar in pivotal roles, recently went on floors in Delhi. More Entertainment News»

		Science
		Scientists help spiders spin stronger silks Binge boozing in early 20s can risk men's brains According to researchers, brain functions in young men and women, aged 23 to 28, are changed by long-term alcohol use, but that these changes are significantly different in men and women. Record-breaking US astronaut and crew back on Earth NASA astronaut Peggy Whitson and two crewmates made a parachute touchdown in Kazakhstan on Saturday, capping a career-total 665 days in orbit, a US record. More Science News»

		Sports
		IPL matches worth more than India's international games The IPL media rights have emerged more lucrative than the Indian team's home matches with Star India set to pay Rs 55 crore for an IPL game -- Rs 12 crore more than what it currently pays for an international fixture. HI to advertise for head coach It seems that Hockey India (HI) is taking a leaf out of the Board of Control for Cricket in India's (BCCI) book. In a first-of-its kind move, the HI is going to advertise for the post of head coach. Kohli equals Tendulkar's feat Virat Kohli has kept his stranglehold on the top spot in the ICC ODI batsman rankings and has also equalled Sachin Tendulkar's record of highest rating points pocketed by an Indian. More Sports News»

		Technology
		10 new features your iPhone will get with iOS 11 Airtel's plan to take on Reliance Jio starts at Rs 8 Here are the new plans rolled out by Airtel for its prepaid subscribers: Buying a smartphone: 10 things to consider More Technology News»

		Education
		New UGC policy: Research scholar could lose registration for plagiarism As part of its effort to have zero tolerance towards plagiarism, the UGC has drafted a new policy to curb the menace. According to it, a research scholar could face cancellation of his or her registration if found to have plagiarised, and a faculty could be debarred from publishing any work. Computer science losing out, mechanical hot pick in BTech Experts say industry growth, which translates into more jobs and higher incomes, is what decides the path that colleges and students take. And many feel the sun is setting on the computer science engineering stream. While 25.44% of all students opted for it in 2013-14, that has dropped to around 24% this year. Conversation with people in ministry was grating, says outgoing IIM-A director Ashish Nanda More Education News»

		Mumbai
		2 lakh register for Times scholarship scheme There couldn't have been a better occasion than Teacher's Day to launch our initiative to nurture the habit of reading among young students, Times SPARK (Scholarship Programme for Awareness, Reasoning and Knowledge). Powai pandal starts sculpting Durga idol with Khuti Puja No matter where they are, a homesick Bengali's heart is always where Durga Puja is. For non-resident Bengalis in Mumbai longing for the autumnal skies, beat of dhaaks, taste of bhog and carefree adda at the neighbourhood pandal, Powai, best known for its tranquil lake and hillocks, is an epicentre for the festival. With clinics around, even Wankhede would have to be silence zone: Centre The Supreme Court, staying the Bombay High Court's September 1 order on silent zones on Monday , seemed to agree with the government counsel that there cannot be a vacuum. More Mumbai News»

		Delhi
		High court seeks govt reply on junking teacher selection plan On the eve of Teacher's Day, the AAP government on Monday received a notice from the Delhi high court seeking an explanation why it has withdrawn its proposal to appoint nearly 9,000 school teachers. 30 colleges try to clean campus of poll 'waste' Members of the All India Students Association (AISA) and students of around 30 colleges carried out a “Clean DUSU, Green DUSU“ campaign, cleaning out the colleges after campaigns by other students unions, as a protest against littering and defacement of the college campuses. NSUI suggests measures to ensure transparent election Raising questions over the way Delhi University Students Union (DUSU) polls are conducted, National Students Union of India (NSUI) threatened that if the election committee didn't make it transparent, the union will go to court. More Delhi News»

		Bangalore
		Congress, BJP on a collision course over bike rally KDA wants kids of politicians, bureaucrats to study in govt schools FIR lodged against principal for hurting student More Bangalore News»

		Hyderabad
		Civic body jolted into action A chilled-out birthday bash Fashion and music lit up this grand fundraiser More Hyderabad News»

		Chennai
		Court clears rule: Carry original DL from tomorrow Appointment of law officers: TN to follow SC norms Carry your original driving licence - HC thumbs up to Govt decision More Chennai News»

		Ahmedabad
		Guru of democratic revolution 297 paramedical seats allotted 7 toll plazas get FASTag lanes More Ahmedabad News»

		Allahabad
		Devotees immerse idol of lord Ganesha in Allahabad Allahabad: BJP's bid to attract youngster through sports Dacoit killed in police encounter More Allahabad News»

		Bhubaneswar
		Special bench in Bhubaneswar to hear compensation plea of Utkal accident victims The Railway Claims Tribunal (RCT) will hold a special bench in the city to hear compensation claims of the victims of the two passenger train derailments occurred in Uttar Pradesh last month. It will conduct hearings from September 11 to 15 at the RCT Bhubaneswar office in Kharvela Nagar area. Narrow escape for Alappuzha-Dhanbad Express as engine detaches from bogies Boatmen, helpers appointed for rescue operations in state want pay hike Boatmen and helpers, those who are engaged by the state government for relief and rescue operations during natural calamities like flood and cyclone, on Sunday demanded pay hike. More Bhubaneswar News»

		Bhopal
		Dal scam: Payments stopped, 9 officials may be suspended NEET row: State seeks a week more from SC Patchy rain stirs govt in action mode More Bhopal News»

		Chandigarh
		Haryana announces incentive for airlines willing to operate from Hisar airport To develop Hisar airport into an Integrated Aviation Hub in three phases, Haryana government has announced additional incentives to airlines or operators under the Regional Connectivity Scheme (RCS)-UDAN of Central government for starting RCS flights in the state. At 87, her heart goes out to special kids UT shots hit bull's eye More Chandigarh News»

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