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Feroze Azeez, CEO, Anand Rathi Wealth and Chirag Mehta, CIO, Quantum AMC, outline multi-asset allocation strategies to maximise investment returns amid a vulnerable macroeconomic environment, and elaborate why the ‘Bharat’ or retail investor is likely to be a critical player in the Indian capital market.
Tomorrow, on February 1, 2023, Budget will be presented by the Finance Minister Nirmala Sitharaman for upcoming financial year 2023-24. There are media reports that the government may make some changes in new tax regime to make it more attractive for the individual taxpayers. However, if changes are announced in the new tax regime, then what will happen to the old tax regime.
Under the current income tax laws, if the difference between circle rate and actual sale price of property exceeds by 10% of circle rate, then both buyer and seller calculate and pay tax on the basis of the circle rate. This combined additional tax burden is between 40 and 60%. This is an unfair condition where market prices may actually be lower as compared to the circle rate.
Some financial institutions and companies even highlight a whopping "annualised effective yield" while advertising their fixed deposits. For instance, a popular small private sector bank is offering an annualized yield of 12.35 per cent for its ten-year fixed deposits. While a 12.35 per cent yield on a fixed deposit is a stellar deal, will you actually get that much return at the end of maturity?
If, instead of foreign holidays, you prefer to travel within India, here’s a new series to help you plan the best vacations in each of the 28 states and 8 Union Territories. We highlight tourist attractions, culinary choices, modes of travel and the costs involved. In the tenth part of the series, ET Wealth takes you to Jharkhand.
Claim settlement ratio is a percentage of claims that the insurer has paid out against the number of outstanding claims during a financial year. So if you are planning to buy a new life insurance policy or renew your existing one, along with checking the premium amount and coverage, you must check the claim settlement ratio of the insurer.
While a large number of EPFO members, who were member on or after 1 September 2014, are still waiting for it to come out with the guideline for applying the higher pension as per Supreme Court judgement delivered on 4th November 2022, however the department has been so far coming out with circular related to a part of SC judgement which has impact on limited number of members. The current circular impacts those members who retired before September 1, 2014 and got higher pension despite not optin