FINANCE

The first quarter of a financial year is the time for ‘Investment Declaration’. In the period of April to June, your employer asks you to declare your tax-saving investments for the year to be able to deduct tax accordingly from your monthly salary. Investment declaration at the right time is important for you because it can lead to higher in-hand salary.   The important thing to note is that, in the beginning of the financial year, you just have to make an estimate of the investments that you intend to make in the coming months. These declarations are generally required to be made on the employer’s HR portal. You don’t need to submit actual proofs till the end of the financial year. You can actually invest less or more.   Investment Declaration is made on Form 12BB that has to be submitted at the end of the financial year. Please note that this form is NOT to be submitted to Income Tax Department, but has to be submitted to your employer. It applies to all salaried taxpayers ...

In the New Annual Information Statement, there will be 50 transactions to disclose in Annual Information Statement(AIS) So, if you’re going to use your PAN number, be aware of what you’re doing. The IRS has announced the launch of a new statement called the Annual Information Statement (AIS), which will give you practically all information about your financial transactions throughout the year. The Income Tax Department has been producing Form 26AS to provide information on taxable income and tax deducted at source (TDS) for the past few years, but it will soon be replaced by the Annual Information Statement (AIS). The new AIS statement will provide detailed information on the taxpayer and will be quite helpful when completing a tax return. The data will be available in AIS when duplicate data has been removed, and taxpayers will be able to download it in PDF, JSON, and CSV forms. If the information is incorrect, refers to another person/year, or is duplicated, a taxpayer can offer feed...

Power of Investing Interesting history of Adani Enterprises 1995 September IPO in name of ADANI EXPORTS LTD. PRICE OF  RS. 150 WITH FV RS. 10 100 Shares Allotted. As an example..  1996...  Bonus.. 1:1. ( 100 = 200) Year 1999 Bonus.. 1:1. (200 = 400).   (At that time, shares all time high was 848) Year 2004.  Split into RS. 1 from RS. 10 F.V. (Meaning 400 = 4000.).. Year 2009.. Bonus 1:1. (4000 = 8000). 2015. Demerger into : 1) Adani Port (141:100)  Those has 100 Adani Ent got 141 Shares of Adani Port 2) Adani Power ( 185:100) 3) Adani Transmission ( 100:100) Means , Now latest situation is..👇🏻 1) ADANI ENT.. - 8000  2) ADANI PORT - 11,280 3) Adani Power - 14,800 4) Adani Transmisn - 8000.. 5) Adani Gas - 8000.. 6) Adani Green - 6088.. 25 years of journey and a deposit of Rs 15,000 in 1995 would reward (as on 04/04/2022) Adani Ent. (2066) - 1,65,28,,000 Adani Port(818) - 92,27,040 Adani Power(212)- 31,37,600 Adani Transmsn(2454)-1,96,32,000 AT...