Finally, some good news to cheer
Hello Friends, I started writing this blog early last week but had to delay it for more than a week. The reason is not the availability of time but wanted to ensure that the blog title should not be construed as an innuendo to the 2 weeks drama in Tamilnadu Politics. Also, the kind of interest that people had in following this drama outside Tamilnadu and even in other countries would make anything else...
Tax Savings under Sec 80C – Deduction of 1.5 Lakhs under ELSS
Friends, I had already written a detailed article on tax saving schemes during the last Financial Year and thought of reminding you as the Finance/Payroll folks starts to chase us. Most of the content is valid today also and I have added the content in specific areas to reflect the changes for the current scenario. https://penguwin.com/taxing-time/ After retaining the popular Public Provident Fund (PPF) Interest rate at 8.7% for quite some years, Government in Feb...
Does Sensex and Nifty Really Matter?
Friends, Hope this New Year 2017 brings in Happiness and Prosperity to all of us. Investments in Mutual Funds have been increasing continuously due to money coming in from retail investors. The last quarter (Oct-Dec ’16) has seen significant participation, touching all-time highs (Domestic Institutional Investors includes MFs, LIC, Provident Fund). 2 key reasons why the Retail Investors participation have increased in Equity are: Increasing awareness level of investors that Equities have the potential to...