Tax Planning | myMoneySage

Section 89A Guide for NRIs: Claiming Tax Relief on Foreign Retirement Benefit Accounts

Section 89A- Tax Relief on Foreign Retirement Benefit Accounts Section 89A: Non-resident Indians (NRIs) planning to settle down in India after retirement with foreign retirement benefits accounts often faces a lot of difficulties in claiming the benefits under Double Taxation Avoidance Agreement (DTAA). DTAA allows NRIs to claim tax credits or tax exemptions on their […]

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Here is how NRIs Can Utilize DTAA to their Advantage

Leave a Comment / Financial Planning, Investment Planning, NRI, Personal Finance, Tax Planning / By Research Desk

Double Tax Avoidance Agreement (DTAA) Are you a Non-Resident Indian (NRI) who earns income in India? Then you should know about the Double Tax Avoidance Agreement (DTAA) to avoid paying double taxes on the same income. Let’s say if you are a resident of the UK having rental income in India, in such instance your

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Should you apply for Kalyan Jewellers India Ltd IPO?

Leave a Comment / Direct Mutual Fund, Financial Planning, Mutual Fund, Tax Planning / By Research Desk

Kalyan Jewellers India Ltd IPO Kalyan Jewellers India Ltd was incorporated in 1993 and started with a single showroom in Thrissur, Kerala. The company has grown since and is currently one of the largest jewellery companies in India based on revenue as of March 31, 2020. Kalyan Jewellers have expanded their business to become a

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Market Outlook – Mar’23

Leave a Comment / Financial Planning, Investment Planning, Personal Finance, Small Savings, Tax Planning / By Research Desk

March Market Outlook Market Outlook for the month of March: Relatively resilient performance on the back of global challenges: The markets in the month of Feb consolidated by about ~2% and it performed as per our expectation and traded between 18300 and 17000 levels. In recent times, Foreign Institutional Investors (FIIs) have been quite cautious

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REITs and InvITs: What Are The Challenges and Opportunities

Leave a Comment / Financial Planning, income Tax, Investment Planning, Personal Finance, Real Estate, Tax Planning / By Research Desk

REITs and InvITs Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) have been a hot topic of discussion in recent times, especially due to the uncertainties surrounding them which have caused their value to plummet. However, before we delve into the reasons behind the recent downfall of REITs, let us first understand what

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Union Budget 2023 – 2024 Highlights

Leave a Comment / Health Insurance, Home Loan, income Tax, Life Insurance, Mutual Fund, Small Savings, Tax Planning, Uncategorized / By Research Desk

Union Budget 2023 – 2024 Highlights Union Budget FY 2023 – 24 was pro-growth and provided focus on capex while ensuring inclusive developments. The FM has struck a fine balance as she is sticking to the path of fiscal consolidation by targeting a fiscal deficit of 5.9% of GDP for FY24 against 6.4% for FY23

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8 Factors that make Health Insurance inevitable

Leave a Comment / Financial Planning, Health Insurance, Insurance Planning, Personal Finance, Tax Planning / By Research Desk

8 Important Factors of Health Insurance: Every person should have health insurance because of the rising cost of medical care and the rapid rise in lifestyle diseases among Indians. Anybody, at anytime, can experience a medical emergency that has an emotional and financial impact on them. Health insurance is a sort of insurance protection that

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Debt Mutual Funds – Types, Taxation, Indexation benefit, Risk and suitability

Leave a Comment / Financial Planning, Investment Advisor, Investment Planning, Mutual Fund, Personal Finance, Tax Planning / By Research Desk

Debt Mutual Funds What is debt? Debt refers to the amount of money borrowed by one party (borrower) from another party (lender). The borrower agrees to repay the borrowed money at a future date along with the interest. Generally companies, banks and governments raise debt capital from the public in order to meet their working

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All About Real Estate Investment Trusts ( REITs ).

REITs: Real Estate Investment Trusts

Leave a Comment / Advisor Zone, Alternative Investments, Estate Planning, FEMA, Financial Planning, Fixed Income, income Tax, Insurance Planning, Investment Planning, Real Estate, Retirement Planning, Tax Planning / By Research Desk

Traditionally most Indians have had a significant portion of their net worth in real estate but in recent times due to a rise of property prices investors have not been able to invest in real estate due to its high ticket size especially in Metro cities. One option available for investors which provides exposure to

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Tax on Mutual Funds

Leave a Comment / Advisor Zone, Direct Mutual Fund, Investment Advisor, Tax Planning / By Research Desk

Tax on Mutual Funds Mutual Funds are one of the most popular investment options in India which has the potential to offer capital gains. With many online wealth management platforms such as myMoneySage, mutual fund investing has become easier and seamless. However, before you start investing in mutual funds or allocate your mutual fund holdings

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