DSIJ Mindshare

By now, all income taxpayers would have received an intimation from Income Tax (IT) Department under Section 143(1) giving details of either the refund payable by the IT department to the taxpayer if the tax paid/deducted exceeds the tax liability of the taxpayer, or asking the taxpayer to pay the balance amount of tax payable by the assessee, if the tax deposited by the assessee is less than the amount computed by the IT department.

If you have defaulted your credit card payment for more than six months, you would get a statement which reads “credit charge-off”. So what does it mean? Does it mean that your payment is “waived” by the company and you no longer have to pay the debt?

If you are a day trader, you would certainly be maintaining a stop loss and a profit target on every trade. You set a stop loss to limit your loss to a manageable level as per your risk appetite and the profit target that you set is to book your profit once your target price is reached.

The Reserve Bank of India (RBI) has said that there is growing evidence of an upturn in investment activity in India. According to RBI’s latest paper entitled “India’s Investment Cycle: An Empirical Investigation”, this revival in the investment cycle is expected to last up to 2022-23 when the investment rate is estimated to rise up to 33 per cent of the GDP from the current level of 31 per cent.

If you are planning to start SIP of a mutual fund scheme, you need to be sure that you pick the right fund that will deliver decent returns and help you to achieve your financial goals. Here are a few tips that will help you to choose s suitable fund.