May 17, 2024, 08:23:00 PM IST Franklin Templeton Mutual Fund house had assets under management of Rs 94,914 crore as of April 2024. It manages 39 mutual fund schemes. Here is what Franklin Templeton Mutual Fund bought and sold from its portfolio in April, according to monthly data released by …
Read More »Central govt employees, private employees can’t claim LTA if they don’t follow these rules; LTA eligibility, other latest updates
Employees give Leave Travel Allowance (LTA) to reimburse employees’ travel expenses incurred during a leave period. It covers expenses incurred for travel by air, train or other public transportation, but the reimbursement is based on the actual amount spent or as per the limits set by the employer or tax …
Read More »13 ways the FM can simplify matters for income tax payers in interim Budget 2024: CII
The Interim Budget 2024, will be presented by the finance minister, Nirmala Sitharaman, on February 1, 2024. As always, all quarters of the economy has certain expectations from the Budget A few key steps that would help to rationalise and simplify taxes are as follows: Rationalise and simplify withholding tax …
Read More »ICICI Prudential Mutual Fund Portfolio: RIL, ITC among top 10 stock holdings in April – Fund folios
May 17, 2024, 05:22:26 PM IST The second-largest fund house manages assets of Rs 7.62 lakh crore as of April 2024. The fund house manages 253 mutual fund (MF) schemes. Here are the top 10 stock holdings of the fund house, according to a report by Motilal Oswal Financial Services. …
Read More »Latest bank charges to send money abroad: SBI, HDFC Bank, ICICI Bank, Axis Bank, IDFC FIRST Bank, DBS Bank India
The Liberalised Remittance Scheme (LRS) for resident Indians limits forex outbound remittances under FEMA and RBI guidelines. This regulation authorises the external transfer of money up to USD 250,000 per calendar year for defined purposes. It means that as per the RBI rules, one can transfer of money up to …
Read More »how to avoid tcs: Will Budget 2024 reduce 20% TCS for taxpayers, levy TCS on credit card forex payments?
Will Budget 2024 reduce Tax collection at source (TCS) from 20%? Or bring a credit card under the ambit of TCS? Experts are waiting with bated breath as Finance Minister Nirmala Sitharaman is all set to present her final Budget on February 1, 2024, before the Lok Sabha Elections. Let’s …
Read More »HDFC Manufacturing Fund: HDFC Manufacturing Fund raises over Rs 9,500 crore
Mumbai: HDFC Manufacturing Fund raised between ₹9,500 crore and ₹10,000 crore – the highest by an actively-managed equity mutual fund in a new fund offer (NFO) in the past three years. Financial planners and distributors said heightened investor appetite for the manufacturing theme – a red hot theme on Dalal …
Read More »Four advantages of using a prepaid card
Four advantages of using a prepaid card Source link
Read More »Simplify these procedures for individual income tax payers in Interim Budget 2024: CII – Interim Budget 2024
The suggested categories of payments could be as follows:Salary: TDS rate at Normal slab ratesLotteries and horse race winnings: TDS rate at 30%All other payments: TDS rate at 2% The suggested “negative list” of payments may illustratively include the following:1. Payments to senior citizens2. Exempt income payments (e.g., payments to …
Read More »Nestle, Jio Financial among top 10 large cap stocks sold by mutual funds in April – Stocks watch
May 16, 2024, 07:08:12 PM IST Mutual funds buy and sell securities to actively manage their portfolios. Here is the list of top 10 largecap stocks sold by mutual funds in April, according to a report by ICICI Direct Research. ETMarkets.com 2/11 Jio Financial Services The fund houses had 2,661 …
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