Sending money abroad? Here’s how to reclaim your TCS
I want to send money to my son in the US under the Liberalised Remittance Scheme (LRS). I understand that tax collected at source (TCS) has to be paid on each transaction. How can I reclaim this amount? —Name withheld on request It is assumed that you qualify as a resident in India, as per […]
Start equity investing early: How to teach your teen to invest in the stock market
At 16, an average, undecided teenager is usually grappling with choices. Which college should I apply to? Which phone should I buy? Akshaj Garg was dealing with his own dilemma: which blue-chip stocks should I buy? This was in 2022. Today, he is sitting smug with a Rs.75,000 portfolio. “Earlier, I was applying fundamental analysis […]
Mutual funds: Past performance not always guarantee future return; how to choose mutual funds to get best return
Everybody wants to invest in the best performing funds. Amid a raging bull market, this proclivity for higher returns is stronger than ever. A study by ICICIdirect.com shows that investors have been piling on to schemes that have topped the charts in the past three years. Among large-cap funds, the top three outperforming funds garnered […]
How to achieve financial goals faster with step-up SIPs this new year?
Diwali signals the commencement of a new year for numerous Hindus in India. Spanning five days, this festival is marked by the illumination of lights, vibrant fireworks, and festive feasts. The significance of designating this celebration as the harbinger of a new start lies in its association with the goddess Lakshmi, the revered Hindu deity […]