Back to basics - Series of newsletters !

Back to Basics .

ROE - Demystified

ROE-Demystified

India : Income Tax - Efiling - Process Change.

For E-filing returns
https://incometaxindiaefiling.gov.in/portal/index.do
A note from IT Dept Website :
Dear TaxPayers,
Please furnish the Form ITR-V to the Income Tax Department , CPC, Post Bag No - 1, Electronic City Post Office, Bangalore - 560100, Karnataka BY ORDINARY POST ONLY within thirty days after the date of transmitting the data electronically .
ITR-V sent by Speedpost, Registered Post or Courier will not be accepted.
No Form ITR-V shall be received in any other office of the Income-tax Department or in any other manner.
Please refer to CBDT Press Release dt 30/06/2009 regarding deferment of Notification No. 31 dt 25/03/2009. Release of Schema, utility and upload of Form 24C has accordingly been deferred.
Please check "My Account" -> "E-filing Process Status" for status of receipt of ITR-V at CPC, Bangalore.
Taxpayers are advised that copy of ITR-V sent by them to CPC Bangalore will be scanned after stamping receipt number and date of receipt and the same shall be made available to taxpayers on request through email shortly. Please await further information on procedure for the same. Income Tax Department

Income Funds

Income Funds - Ideal choice for volatile times?

http://www.moneycontrol.com/india/news/mf-experts/income-funds-ideal-choice-for-volatile-times/386337

All about Gilt Funds !

One good article at,

http://www.rediff.com/money/2009/jan/22perfin-learn-all-about-gilt-funds.htm

Debt Funds : Liquid vs Liquid Plus funds.

Came across this article by Personalfn at Rediff.

http://www.rediff.com/money/2008/sep/15perfin1.htm

FMP / Debt Funds : Gains of Double Indexation

Came across a interesting article at

http://new.valueresearchonline.com/story/h2_storyView.asp?str=9540

India : Free Tax Calculator for Salaried Individuals !!!

Please refer to,

http://www.ynithya.com/taxcalc/

Good job Nithyanand !

Looking for Financial Planning tool

I have been looking for a Financial Planning tool which helps to find,

1. Amount I need to invest today based on expected amount after "n" years
(assuming x% annual returns in each investment type)

Please let me know if you have one.

No Entry Load for the MF schemes

SEBI made an announcement last week.
It said:
"Transparency in payment of commission to Mutual Fund distributors:
There shall be no Entry Load for the schemes, existing or new, of a Mutual Fund. The upfront commission to distributors shall be paid by the investor to the distributor directly. The distributors shall disclose the commission, trail or otherwise, received by them for different schemes/ mutual funds which they are distributing or advising the investors.".

http://www.moneycontrol.com/india/news/mf-news/sebi-scraps-entry-load-for-mfs-cuts-feesintermediaries/402314

This has *not* come to effect as of date (according to MF Distributor thru whom
I have buying MFs).

The Residex - Index to track Residential Property prices !

http://www.nhb.org.in/Residex/About_Residex.php

http://www.nhb.org.in/Residex/Data&Graphs.php

Making sense of financial statements

Related article in rediff :

http://business.rediff.com/report/2009/jun/15/perfin-making-sense-of-financial-statements.htm

Its time to file Income Tax returns

Good article is this context :

http://business.rediff.com/report/2009/jun/15/perfin-file-tax-returns-in-3-easy-steps.htm