With two and a half months still remaining in the current calendar year, the net FII withdrawals could well cross the psychological mark of Rs 1 lakh crore.

Bahl asserted that all business gains and losses were declared in their entirety in the appropriate year of tax filing, which were accepted and assessed to tax by the government.

The Editors Guild of India on Thursday expressed concern over the Income Tax department's searches at media baron Raghav Bahl's residence and office, saying it believed that \"motivated\" IT raids would seriously undermine media freedom and the government should desist from such attempts.

Also the off-market transactions undertaken by non-residents in line with FDI guidelines, qualified institutional buyers, venture capitalist without payment of STT too could avail the 10 per cent LTCG rate.

Enhanced and flexible plans in life and health segments meet the varied needs of digital-age consumers.

Managing your money can be tricky. Send your queries, and top-notch industry leaders will help you resolve any issue.

Essentially, the difference is quite simple. In a growth plan, the fund does not payout anything to the investors by way of regular payouts. All the profits of the fund are reinvested in the fund and therefore your wealth compounds. On the other hand, the dividend plan pays dividends out of profits earned and income generated.

Walmart has said that it will fulfil whatever is the regulatory requirement, according to an official aware of the development. The US retail behemoth reportedly added that it will get the tax implication of the deal examined.

Investors today have a widevariety of options available, a lot of which can fulfill all their investmentcriteria such as high returns, low risk, maintaining liquidity of portfolio andadvantage of tax saving. Public Provident Fund (PPF) and Mutual Fund (MFs) aretwo such investment schemes.

Both growth and dividend options of equity schemes benefited from zero taxation earlier if held for more than 12 months. The recent DDT now makes the growth option preferable as investors can continue to claim exemption on capital gains up to Rs 1 lakh from all sources. Under the dividend option, any dividend paid by the scheme will attract 10% tax, irrespective of the amount.

Managing your money can be tricky. Send your queries, and top-notch industry leaders will help you resolve any issue.

The low-down on which asset class will attract the most investors this year.

The Walmart-Flipkart deal is a possible nightmare for the tax department given the complex holding structure of the Indian e-commerce giant.

The strong inflow has pushed the asset base of equity mutual funds (MFs) by more than 6 per cent to Rs 8 lakh crore at the end of April from Rs 7.5 lakh crore in the preceding month.

Most likely, you have heard fascinating stories of how companies like Wipro, Infosys and Eicher Motors created incredible wealth for its investors. Before you embark on your first equity investment, here are 11 things you must be absolutely clear about. That will allow you to be more pragmatic and realistic in your expectations from your equity investments.

According to analysts, ULIPs usually start delivering higher returns than mutual funds after 10 years of investment. During the first five years, ULIP charges eat into returns from your investment.

Finance Minister Arun Jaitley while presenting the Union Budget 2018 introduced some major changes in the tax structure which will become effective from today.