Smart Strategies for Investing in Mutual Funds: A Guide to Maximising Your Returns One of the most well-liked investing options for people looking for expert management and diversification without having to choose individual equities is a mutual fund. One of the easiest ways for people to accumulate wealth over time is through mutual fund investments. Mutual funds combine the capital of numerous individuals to invest in a diverse portfolio of stocks, bonds, and other securities, in contrast to direct stock market investing, which necessitates considerable time, study, and risk tolerance. Mutual funds are a well-liked option for both new and experienced investors due to their expert management and diversification. But merely investing in a mutual fund and crossing your fingers seldom yields the best outcomes. A comprehensive approach that matches the appropriate fund selection and management strategies with your financial objectives, risk tolerance, and investment timeline is nece...
Although all the rules of Income Tax Act 1961 is clear, in the meantime, there are many such rules about which income taxpayers are not aware. So far more than one lakh people have died in the country during the COVID-19 period. People generally think that they do not have to file income tax returns after death. But it is not so. As per the Income Tax Act, it is mandatory for every person whose income falls in the taxable limit in the relevant financial year, even if he has died. Let us know some important information related to this rule. Who will pay income tax after the taxpayer's death? Under Section 159 of the Income Tax Act, 1961, if a taxpayer dies, his legal heir has to pay the tax. Therefore, if you are the legal heir, you must first contact the Income Tax Department and register yourself as the legal representative of the deceased. Who will be the successor if there is no will? At the same time, if the taxpayer has not made a will, then accordi...