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Invest in tax-saving mutual funds to enjoy dual benefits

DNMUM402033 | 12/1/2017 | Author : Shalini Sekhri | WC :401

Personal Finance

When it comes to financial matters, money saved is money earned! ??
It is soon going to be that time of the year when the annual exercise of planning one’s tax saving investments will be in full swing.??
Previously, most of us have opted for traditional avenues like Public Provident Fund (PPF), National Savings Certificates (NSC), designated Fixed Deposits and National Pension System (NPS) to avail the tax saving benefits under Section 80C of the Income Tax Act. All of these options require long-term commitment, with a lock-in period of anywhere from 5 to 15 years. Did you know Mutual Fund Equity Linked Saving Schemes (ELSS) also gives you tax rebate under Section 80C? These funds not only have the lowest lock-in period (th
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Accountability must start from the top
DNMUM408317 | 2/22/2018 12:00:00 AM | Author : Arun Krishnan | WC :558

Punjab National Bank (PNB) has been in the news for all the wrong reasons. The scam involves the sanctioning of Letters of Understanding (LoUs) to Nirav Modi and his companies without accompanying credit limits or margin money being paid to the
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The myth of college dropouts
DNMUM408318 | 2/22/2018 12:00:00 AM | Author : Sanchit Khera | WC :726

With so many success stories about college dropouts in the US, Indian chief executive officers (CEOs) are making their own mark in the trend. They struggle early on, try to push through and eventually drop out of their universities.
However, the
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EPFO cut may hurt employee sentiments
DNMUM408319 | 2/22/2018 12:00:00 AM | Author : Edit | WC :230

The move by Employees Provident Fund Organisation (EPFO) to cut the interest rate on EPF to 8.55% is not entirely unexpected. But it will surely leave over six crore employees subscribed to EPFO dejected. Now the government has a task at hand o
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Quarterly GST returns filing may be extended to all cos
DNMUM408320 | 2/22/2018 12:00:00 AM | Author : Anjul Tomar | WC :347

New Delhi: The government may change the goods and services tax (GST) returns filing periodicity from monthly to quarterly to make it simpler for all businesses to file their taxes.
The requirement of filing three GST returns in a month is also l
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