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How to Pick Mutual Funds That Beat the Market

  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...

Who is GST registration required and what is the registration process?

  What is the GST registration? The Goods and Services Tax (GST) is an indirect tax, introduced on July 1, 2017. The main objective of implementing GST was to implement a uniform tax regime across the country. Taxpayers in India have to register GST because GST has replaced all previous taxes. Units and companies whose annual turnover is more than 40 lakhs, have to register in GST as a general taxpayer.   This is called GST registration. Currently, GST registration is mandatory in many businesses. Doing business without registration is considered a crime and a heavy fine has to be paid if caught by the authority. Traders who were earlier under VAT or service tax are automatically covered by GST registration. This GST registration also applies to individual taxpayers, agents and suppliers of e-commerce aggregators.   GST Registration process? GST registration usually takes two to six days. You have to fill the GST registration application form and put together the ...

You can also avail tax exemption on GST levied on insurance premium

You will be aware of the tax exemption under the Income Tax Rules on the payment of premium for life and health insurance, but let us know that you can also get a tax rebate in lieu of GST payment on premium. Its limits and conditions are fixed under the Income Tax rules. Health insurance premium attracts 18 per cent GST. If the premium of your policy is 21 thousand rupees, then you will have to pay 3960 rupees more according to 18 per cent GST. In this way, you will have to pay a total of Rs 24,960. Under the Income Tax Rules, a total tax exemption of up to Rs 25 thousand can be taken on health insurance. In this way, you can get a total tax rebate of Rs 24,960.   Under the Income Tax Rules, you can get a total tax rebate of up to Rs 1.50 lakh on the life insurance premium. However, tax exemption on GST payment varies according to the policy. The term plan charges 18 per cent GST. If you are 30 years old and take a term plan covering one crore rupees for 30 years, then its pre...