Top 10 mutual funds for investment. All mutual fund investors start their investment journey by typing ‘best mutual funds’ on the Surge Engine. They get a list of the top mutual funds that someone has created. But, does this list make them rich? Does it really work? The answer is ‘no’. This is not the […]
What are overnight mutual funds? overnight mutual funds invest money in securities maturing in a day. This means that the fund managers in these schemes buy securities daily. Overnight funds are a category of debt mutual funds. These are open-ended date schemes. That is, there is no lock-in period. These schemes invest money in securities […]
Investments in mutual funds will attract stamp duty-know how it will affect This stamp duty will be charged at the rate of 0.005 percent on purchase or switch-in amount. Apart from this, stamp duty will also be collected on transfer of units of mutual funds. Stamp duty will be levied on July 1 on purchase […]
Government will issue new forms for income tax return The Income Tax Department has said that it is revising the income tax return form for the financial year 2019-20. This will enable taxpayers to take advantage of the relief given by the government due to the Corona epidemic.
Covid-19: What will be the tax on withdrawing money from EPF? You can withdraw 75 percent of the balance in the EPF member account or your basic salary and dearness allowance of three months (whichever is less).