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Market News

Location American Market News for 14 July 2019
South China Sea: Beijing Shouldn't Treat Vietnam Like The Philippines Vietnam doesn't see a "friend" in China, the same way President Rodrigo Duterte does.
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The Consumer Price Index (CPI) tracks the change in retail prices of essential goods and services consumed by households.The index tracks the price movement of the entire basket of goods and services at rural, urban as w...
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Stocks This Week: Buy Applied Materials And American Airlines The S&P is due to rise early in the week and peak late in the week. Here are two trading recommendations.
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The Week Ahead: Are Wall Street Strategists Too Bearish? Historically Wall Street strategists are two bullish as the have filed for many years to uniformly predict a down year for the stock market. Currently the S&P 500 is already above most of their year-end targets so what d...
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If the goal of a 401(k) Plan is to prepare employees for a secure and prosperous retirement, then too many plans fall short.But some simple changes in plan design will dramatically improve the odds your employees will ha...
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Will hike in fuel prices dent your finances?

livemint.com - 14 Jul 2019 16:47
The current increase in fuel prices won't impact inflation much.If higher diesel prices push up the cost of vegetables in the rainy season, inflation may be affected later
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HUF can claim deduction on PPF of any member

livemint.com - 14 Jul 2019 16:46
The Income-tax Act does not define 'member' of an HUF, so it would be guided by the principles of the Hindu law.You should be eligible to claim the standard deduction of ₹40,000 from such pension income (taxable in the...
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For pre-existing illnesses, insurers apply a waiting period of 1 to 4 years. So, diabetes would be covered by the plan only after the waiting period is over.You should see a personal accident plan as a cost-effective way...
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A loan for longer may mean smaller EMIs, which makes the car seem more affordable, but overall, you pay more as interest.Don't forget that a car is a depreciating asset, so taking a bigger loan may not be the best thing ...
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In the recent budget, the government has made ITR filing mandatory for high spenders even if their taxable income is below the threshold exemption limit of ₹5 lakh.The CBDT is the policy-making body for the I-T departm...
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Who all need to file their tax returns

livemint.com - 14 Jul 2019 12:34
If your gross total income (excluding deductions) exceeds the basic exemption limit of income above which tax is charged, you need to file ITR.People spending over ₹2 lakh on a foreign trip, depositing ₹1 cr in a yea...
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DIY guide to file your ITR

livemint.com - 14 Jul 2019 11:56
Filing your tax is not hard. Just collect all documents, choose the right ITR form, submit and e-verify it.To complete the process, you can either e-verify the return or send a signed copy by post to the tax department
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If you miss to file the return by the due date, you will be penalised and can even get jailed.If you fail to file the tax return within the stipulated due date, you can still file a belated return any time during the cur...
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