What is GSTR 3B return? Let’s start with a basic understanding about GSTR-3B Return from the following table listed below: GSTR 3B return is a temporary monthly GST return. It was envisaged to be filed from July 2017 till March 2018. However, GSTR 3B has been continued to date. Under GST, every registered dealer needs to file the three returns in a month Return … [Read more...] about All you need to know about GSTR-3B return filing
In an earlier post, I looked at how you can select a liquid fund. In this post, let’s look at how you can extend the same argument to selecting debt mutual funds for your portfolio. The pointers used in liquid funds can be extended to any debt fund. However, since we are looking at a much wider choice, there are a few additional aspects that must be considered. In the case of … [Read more...] about How to select a Debt Mutual Fund for your portfolio?
Over the past few years, we have seen debt mutual funds being promoted as a replacement for fixed deposits. I do not deny that there are a few clear benefits and debt mutual funds may provide better tax-efficient returns as compared to bank FDs. However, the return of principal is more important than return on principal. And the events of the past few years (ILFS default … [Read more...] about How to select a Liquid Fund?
In an earlier post, I discussed how NRIs can invest in mutual funds and the challenges they face while investing in India. In this post, let’s look at mutual fund taxation for NRIs (non-residents). NRI Mutual Fund Taxation: How is it different from residents? There are a few minor differences. #1 Long-Term Capital Gains Tax on Debt Funds For … [Read more...] about NRI Mutual Fund Taxation: How NRI Mutual Fund Investments are taxed?
Many of us have more than one health insurance policies. And I receive a number of queries over e-mail and as comments in my blog post about discontent with claim settlements for two policies. Many have a grievance that the insurers did not settle as they expected and they had to pay the balance from their pockets. I had done a post on the pros and cons of having multiple … [Read more...] about How claim is settled in you have two Health Insurance plans?
The need for adequate health cover is not lost on many. However, selecting a health insurance plan that suits your requirements sounds daunting to a lot of people. There are many parameters to be considered before you select a health insurance. Not just that, health insurance plans come in many variants i.e. individual, family floater, top up, super top up and so on. One of the … [Read more...] about How Room Rent Sub-limit can affect your Health Insurance claim?
One big advantage that ULIPs have over equity mutual funds is that the maturity proceeds from ULIPs are exempt from tax. On the other hand, the long-term capital gains on the sale of equity mutual funds are taxed at 10%. LTCG on sale of debt mutual funds is taxed at 20% after indexation. In an earlier post, I highlighted why I still prefer mutual funds over ULIPs. I don’t deny … [Read more...] about If you are old, avoid ULIPs
LIC launched a new annuity plan LIC Jeevan Shanti in September 2018. LIC Jeevan Shanti comes in both immediate annuity and deferred annuity variants. A point to note is that LIC already has a very popular offering in immediate annuity space (LIC Jeevan Akshay VI). LIC Jeevan Shanti is quite like LIC Jeevan Akshay. The only major difference is that LIC Jeevan Shanti also has a … [Read more...] about LIC Jeevan Shanti: Single Premium, Guaranteed Pension (Features and Review)
In this post, I will discuss tax benefits for NPS and the tax treatment of maturity proceeds. I will discuss if it makes sense to invest in NPS now or if you should invest in NPS for the exclusive benefit of Rs 50,000 under Section 80CCD(1B). NPS Tax Benefits (Latest) This part has not been affected by the latest budget. Only contribution to Tier-I NPS account is eligible … [Read more...] about NPS Tax Benefits and Tax Treatment at Maturity (Latest)
In one of my earlier posts, I discussed how you can avoid distribution costs by investing in direct plans of mutual fund schemes. I also established the quantum of long-term savings you stood to make by investing in direct plans of MF schemes. To find out more about direct plans, read my article in Business Standard about direct plans of mutual funds here. In this post, I will … [Read more...] about Why NAV of Direct Plans is higher than Regular Plans of MF schemes