Today, Finance Minister Arun Jately in a Facebook post described the note ban as a \"key step in a chain of important decisions taken by the government to formalize the economy\".

Income Tax department has issued various ITR forms for different kind of tax payers. Even for individuals, there are 4 ITR forms meant for different filings.

Modi said the Goods and Services Tax (GST) has within one year of its launch led to over 70 per cent jump in indirect taxpayer base, demolished check-posts and merged 17 taxes and 23 cesses into one single tax.

Mutual Fund Industry's AUM (Asset Under Management) has grown from Rs 7.01 trillion as on 31st March, 2013 to Rs 23.26 trillion as on 30th April 2018. That's more than three-fold increase in a span of 5 years! The total number of accounts, or folios as per mutual fund parlance, as on April 30, 2018 stood at Rs 7.22 crore, while the number of folios under Equity, ELSS and Balanced schemes - where the maximum investment is from retail segment - has crossed a landmark of Rs 6 crore and stood at Rs 6.03 crore, according to data released by Association of mutual funds of India (AMFI).

Technically, a bad bank is an Asset Reconstruction Company (ARC). Once it is formed, banks divide its assets into two categories -- one with non-performing assets and other risky liabilities and the other with healthy assets, which help banks grow financially.

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.

Investing is a technique of building wealth, but it's not only for the wealthy. Anyone can start investing, and various flexible vehicles make it easy to begin with small amounts, and building a portfolio eventually.

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

How to build a portfolio to match your age, lifestyle and income

Salary structure does play a role in reducing income tax liability for all employees. So, employees have a good scope of saving tax by tweaking their salary structure, in consultation with their employer.   

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.

Financial Planning is a concept most of us are not aliens to but it's still essential for us to teach children essential money lessons early in life which will hold them in good stead in the future. Let's take a look at 10 key values that you should pass on to your kids. 

The Public Provident Fund popularly called PPF is a favourite investment for many Indians. The reason for this? The Principal and Interest you earn on the PPF, is guaranteed by the Government of India. This means come what may, the money invested is safe and you earn interest on it.

Equity Linked Saving Scheme (ELSS) is a tax-saving mutual fund, which qualifies for deduction of up to Rs 1.5 lakh under section 80C of the income tax act. It has a lock-in period of three years with long term capital gains over Rs 1 lakh being taxed at 10%. Watch BusinessToday.In video to know the factors you should consider before investing in this instrument.

With interest rates on taxable fixed income products coming down, PPF remains an attractive alternative for allocating the debt portion of one's investment portfolio. Currently, PPF investment is earning interest at the rate of 7.6% p.a. (interest rates are subject to reset by the government on a quarterly basis.)

While the Sensex logged 11.30 per cent gains, the Nifty rose 18.55 per cent during the last fiscal.

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.

Zero exposure to growth assets is the biggest issue that the Roys face, but small and steady investments in equity funds will help create wealth for long-term goals, says Financial Planner

A majority of Bandhan Bank's funding is from deposits. As of December 31, 2017, the bank had a CASA ratio of 33.22%. CASA ratio is the ratio of deposits in current and saving accounts to total deposits. A higher CASA ratio indicates a lower cost of funds for banks.