How do you check returns of an equity mutual fund?
An equity mutual fund scheme generates return based on the movement of stock prices in its portfolio. So when you evaluate returns from the scheme invested in, compare it with its benchmark. For example, if the fund you own is benchmarked to the Nifty, and has given a return of 26% over the last one year, vis-a-vis the Niftys 23%, it has outperformed its benchmark. However, if it gives 20% return it has underperformed it. Many online websites enable you to compare these returns with their benchmark at the click of a button. Financial planners caution investors not to compare equity returns with other asset class such as gold, FD or real estate.
Requirement of convening a meeting of creditors and equity shareholders of transferee Company; and unsecured creditors of transferor company, to consider and, approve proposed scheme of amalgamation could be dispensed with as transferor company was wholly owned subsidiary of transferee company and transferee company being sole equity shareholder of transferor company had given its written consent to proposed scheme
 78 taxmann.com 95 (Delhi)
Lower interest rates need not worry those on the verge of retiring or have just retired. The government plans to provide pension benefits with an assured return of 8% through Life Insurance Corporation to those above 60 as it pushes social security in a country where most do not even have jobs in the organised sector.
Cash purchases of jewellery will attract 1 per cent TCS (tax collected at source) from April 1 if the amount exceeds Rs 2 lakh, as against the current threshold of Rs 5 lakh.
Once the Finance Bill 2017 is passed, jewellery will be treated on par with general goods which attract 1 per cent TCS on cash purchase of above Rs 2 lakh.
As per recent amendments Proposed Dividend or Dividend declared after balance sheet date has to be shown as Notes to the Account. I want to knw that do we have to treat proposed dividend as notes to account while preparing p/l a/c or b/s of banking co. also???
Vide Finance Bill , Time Limit for filing belated returns u/s 139(4) has reduced from 1 year from the end of the Assessment Year to end of the Assessment Year
For Example: – For AY 2015-16 belated returns can be filed upto 31st March 2017 however For AY 2016-17 belated returns can be filed upto 31st March 2017
CA. Tejinder Pal Singh
Abhianchal and Company
Are you also losing out your money due to lack of proper tax planning?
A research report shows that genuine tax payers are not doing proper tax planning and losing out.
“Tax is one of the most important personal financial decisions. Often, these decisions are taken without help. This could lead to a lot of mistakes and wealth erosion. In fact, most of the mistakes are made between the ages of 21-30,” said Nitin B. Vyakaranam, CEO ArthaYantra.