Bulls & Bear Hfund of India

How to increase your tax savings  Now that both houses of Parliament have passed the Finance Bill 2014, you can start taking advantage of the new tax proposals of Budget 2014-15. Revisit your tax-saving strategy for the year to maximise yo ur take-home pay. Reduce your tax outgo Most organisations have already asked their employees to send revised investment declarations for the year to reassess their tax liabilities following the changes in tax laws. The sooner you do so, the better it will be. "If you do not revise your earlier declaration, you will continue facing a higher tax outgo every month. Sending a revised declaration this month will allow you to fetch a higher takehome pay right away," says Kuldip Kumar, executive director, tax & regulatory services, PWC. For More Source :  http://economictimes.indiatimes.com/wealth/tax-savers/tax-news/how-to-increase-your-tax-savings/articleshow/42394282.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cp

5 THINGS TO KEEP IN MIND 1) The SIP option does not work for all assets, only discretionary purchases. It does not make sense to wait for 6-9 months to buy a fridge or a laptop. 2) The EMI option is costlier, but you also get to use the asset immediately. It is better to buy certain items, such as a treadmill or your first car, when you need it. 3) The SIP approach has not taken inflation or taxation into account. Certain items, such as cars or gadgets, could become costlier if you wait for 1-2 years. 4) Some expenses, such as the fees for an MBA, cannot be postponed. The SIP option can work only if you plan well and start saving 2-3 years in advance. 5) EMIs have been calculated on the base amount. There could be additional charges. However, the self-employed can cl .. Source : http://economictimes.indiatimes.com/wealth/savings-centre/analysis/emi-vs-sip-know-which-one-of-the-two-is-a-better-bet/articleshow/41857848.cms?utm_source=contentofinterest&utm_medium=text&utm_campaig

Benchmark share indices ended at record closing highs and the Sensex ended above 27,000 for the first time after the country's balance of payments remained in surplus for the third straight quarter during Apr-Jun 2014. The 30-share Sensex ended up 152 points at 27,019 after hitting a record 27,082.85 and the 50-share Nifty closed 55 points at 8,083 after hitting a record high of 8,101.95. India’s current account deficit (CAD) for this financial year’s first quarter, April to June, narrowed sharply to 1.7 per cent of gross domestic product ($7.8 billion) from 4.8 per cent of GDP ($21.8 bn) in the corresponding period of 2013-14. Further, India's balance-of-payments remained in surplus for the third straight at $11.2 billion for Apr-June 2014. The Indian rupee was trading lower at $60.67 against the previous close of $60.52 shrugging off gains in the domestic STOCK MARKETS in which both the benchmark indices hit fresh record highs. Asian markets gained on Tuesday wit