CategoryBusiness

April 7, 2017

Are exclusive portfolio management services really worth the cost?

By Nitesh Dhandharia
6 Min read
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07April

The lure of the exclusive club is too attractive to give up. This is what my much­travelled and wealthy friend had to say, when I teased him about being an unapologetic snob. He is the kind who loves walking to the empty business class lane, as if the milling crowd at the economy gates did not exist. Or flash a card from the stack in his wallet, at every club of privilege. But when it comes to...

April 6, 2017

Ten important things you need to know about tax saving fixed deposits

By Nitesh Dhandharia
2 Min read
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06April

If you invest in a tax saving fixed deposit you can claim the amount invested up to Rs 1.5 lakh as a deduction from your income, as per current tax laws. The amount so invested is to be deducted from gross total income to arrive at taxable income. This deduction is allowed under Section 80C of the Income Tax Act. Section 80C also defines the limit of investment for which deduction can be claimed...

March 8, 2017

Know your Financial Rights & Duties

By Nitesh Dhandharia
6 Min read
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08March

As the country celebrates its 68th Republic Day, ET Wealth lists the fundamental rights and duties every investor and taxpayer should not only be aware of, but also act upon whenever necessary. 1. Right to know commission paid You have the right to know how much your fund distributor or insurance agent earns from the financial products sold to you. A mutual fund distributor’s commission, paid by...

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