MODIFIED RETURNS
Annual Information Statement password: What is the password to open AIS to file ITR
Taxpayers can provide feedback on information displayed in AIS. AIS shows both reported value and modified value (i.e. value after considering taxpayer feedback) under each section. Note that the AIS PDF will be password-protected when you download it.
How to build a mutual fund portfolio with the right schemes
Aruna is now convinced that she wants to invest in equity mutual funds in a systematic manner. However, she does not know how to select funds to create her investment portfolio.
Big news for Kidney patients: Pig kidney successfully transplanted into a living patient
In a groundbreaking procedure at Massachusetts General Hospital, doctors successfully transplanted a pig kidney into a 62-year-old patient, marking a milestone in xenotransplantation. The recipient, Richard Slayman, expressed hope for himself and others awaiting transplants. With recent advancements, including genetic modifications in pigs, this achievement offers promise for addressing the critical shortage of organs.
Cos under recast get more time to file modified income returns
CBDT allows companies in business reorganisation to file modified returns by June 30, offering relief amidst Finance Bill 2022 implications. The decision aims to ease compliance burdens, promote tax transparency, and reduce court interventions for affected entities.
Modified BJP multiplies 'Karpoori Math' into a winning formula
With the Bharat Ratna awarded to former Bihar CM Karpoori Thakur, the BJP reaffirms its dedication to the 'Karpoori math,' now steered by PM Narendra Modi. In an era of government job scarcity due to privatization, BJP's updated 'Karpoori math' involves 'labharthi politics,' primarily favoring the numerically significant Most Backward Castes (MBCs) in the Hindi heartland. This strategy aims at securing MBC votes, aligning with BJP's 'antyodaya' principle for the welfare of the underprivileged.
How to make more money: 10 smart money moves to improve your finances and grow wealth in 2024
Based on what the experts have told us, we have put together 10 smart money moves that can safeguard your finances and help you grow wealthier in the new year. We hope you will find these useful. Wishing you good health, prosperity and safety in 2024.
Silkyara tunnel collapse: Kin anxiously wait for return of workers as rescue operation reaches final stage
Speaking to ANI, Haridwar Sharma, brother of a stranded labourer Sushil Sharma said that "This morning we talked to him through walkie talkie. During the conversation, we inquired about his well-being and my brother was also asking about the other members of the family. Everything like food, drink, clothing is being available to them inside the tunnel. I just wish that he returns safely".
Amfi asks fund houses to use standardised returns for illustrations
“SEBI had observed that some of the Asset Management Companies (AMCs) were indulging in practices relating to advertisements, which were not in compliance with letter and spirit of the provisions with the Advertisement Code prescribed in SEBI (Mutual Funds) Regulations, 1996,” said AMFI Best Practice Guidelines circular.
Time is money, but why is long-term investing going out of favour?
In recent times, one of the root causes of investors not venturing into long-term investments is that they simply do not want to do the work required to understand a business. When you invest for a few days or weeks, it’s enough to have a view on the stock price, and there is no need to know anything about the company
Making life and career choices; Avoid generic advice and prioritise as per your situation
What determines our priorities and choices? It would seem that our fears play too much on our subconscious minds, and that is what drives our attitudes and priorities. Financial freedom is the magic potion that holds the power to overcome these fears.
‘Looking only at past returns and expense ratio, you could miss the other vital aspects’
The market regulator makes it mandatory for mutual fund houses to disclose the TER of all schemes on a daily basis on their websites as well as the AMFI’s website. There are guidelines on the maximum TER a fund house can levy on its actively managed mutual fund schemes (equity-oriented and debt-oriented) and the passively managed mutual fund schemes.
View: Cryptic tax rules for cryptos
The transactions pertaining to income from transfer of virtual digital assets is required to be disclosed under the Schedule VDA in the ITR forms.
Minimum assured return scheme in works; to be launched soon: PFRDA Chairman
"That is very much in the works...there we have to balance risk and return...somebody gives assurance and it will come with a cost. Like in APY, the government gives assurance and they bear the cost," PFRDA Chairman Deepak Mohanty said.
Why National Pension Scheme must be modified, not shelved
Advocates of NPS argue that as the pension corpus is invested, market returns will fetch a superior bargain relative to OPS. On retirement, the retiree can purchase an annuity that pays out a monthly pension. The recent stock market performance may make NPS seem like a winner. But with only about 20-24% of base salary flowing into the corpus and varied pay grades of government employees, the individual payout will likely be a mixed bag.
Kerala High Court modifies actor Vijay Babu's bail conditions, allows intra-country travel
"The petitioner's passport cannot be continuously remain surrendered," the judge stated.
Year-End Special: 5 new Sebi regulations that made mutual funds more transparent in 2022
Overall, 2022 was a happening year when it came to change in existing rules and new mandates and regulations to mutual funds. There are talks about Sebi regulating financial influencers soon.
ED urges Supreme Court to 'suitably modify' Thursday PMLA order
The ED, which probes money laundering, is aggrieved with the written order of the Supreme Court on Thursday, whereby it asked the agency to respond to the petition seeking the review of a July ruling that upheld the validity of key PMLA provisions.
Indian Railways bidding rules may factor in social, development impact
Officials privy to the radical shift in bidding norms said the Modified Economic Internal Rate of Return (MEIRR) will enable the railways to gauge the economic, social and developmental aspect of a project, allowing the national transporter to take up more projects in far-flung or low density areas.
AirAsia India evaluating fuel savings from using taxibot on two modified aircraft
AirAsia India is evaluating how much fuel it has been able to save by using taxibot -- an equipment which enables airplane taxing without engines running -- on two modified planes before considering to use it across the aircraft fleet, a top executive said on Sunday.
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