Bulls & Bear Hfund of India

Based on conversations with some of my salaried friends, I gather that most employees believe they don't need to file their income tax return (ITR) if income tax has already been deducted from their salaries. Most of them assume that the deduction of tax at source is nothing but their employer filing their ITR. Even retired individuals feel that as the bank has already deducted tax on the fixed deposit interest, they are not required to file their ITR. It is not so. Filing your income tax return and paying the tax you are due to pay are two different responsibilities and both have to be discharged appropriately. People are also under the impression that if I fail to file the return by July 31, I cannot do it later. In light of all this confusion, let us try and understand who needs to file income tax returns. This discussion is restricted to provisions applicable to an individual and does not cover other categories of tax payers. Gross total income exceeding basic exe...

Jio GigaFiber launch in 1,100 cities across India was the biggest event of the RIL AGM, which also saw the launch of Jio Phone 2 and a rise in Jio subscribers. A Fibre-to-the-Home (FTTH) broadband service, Jio GigaFiber has been under testing for about two years now. The service aims to deliver wall-to-wall broadband service for mobile devices; it will also work on TVs with the help of GigaTV set-top boxes and smart home devices. Those with GigaTV will also be  able to make phone calls to other TVs, phones and tablets on Jio GigaFiber networks. Jio GigaFiber After months of beta testing, Jio has now announced the official public launch of Jio GigaFiber. With claimed speeds of up to 1Gbps, Jio's offering is expected to be the "biggest greenfield fixed line broadband service" in the world, Ambani said. Jio Giga Fiber will be extended to homes, merchants, small and medium enterprises, and large enterprises simultaneously across 1100 cities. Under Jio Giga Fiber, serv...

WASHINGTON — The Federal Reserve raised interest rates on Wednesday and signaled that two additional increases were on the way this year, as officials expressed confidence that the United States economy was strong enough for borrowing costs to rise without choking off economic growth. Jerome H. Powell, the Fed chairman, speaking in unusually blunt terms at a news conference on Wednesday, said the economy had strengthened significantly since the 2008 financial crisis and was approaching a “normal” level that could allow the Fed to soon step back and play less of a hands-on role in encouraging economic activity. The Fed’s optimism about the state of the economy is likely to translate into higher borrowing costs for cars, home mortgages and credit cards over the next year as the central bank raises interest rates more quickly than was anticipated. Wednesday’s rate increase was the second this year and the seventh since the end of the Great Recession and brings the Fed’s benchmark ...

Gold Technically Gold has not been able to cross 1360 . Once below 1340 the next support was 1320 but that also has been broken The next key support is 1308 - 1310 levels once below then next levels shall be 1280 .

Indian Rupee has depreciated by 3% in last 3 months. Rupee breached 66 levels for the first time since March 2017. Insight-  Continuous Buying of dollar by RBI, Rise in Bond Yields, Widening of Current Account Deficit and higher oil prices have put downward pressure on Rupee. This could be export supportive but could add pressure on inflation and import bill.

Reserve Bank of India has issued advisories to financial institutions and public that it has not given any license/authorization to any entity/company to operate in cryptocurrency schemes or any Virtual Currencies such as Bitcoins. Given concerns, both globally and locally including from the Reserve Bank of India, IndusInd Bank would like to caution you regarding the potential economic, financial, operational, legal, customer protection and security related risks associated in dealing with bitcoins, cryptocurrencies and virtual currencies. 

The Nifty which opened with a positive bias failed to hold on to the momentum as bears took control of D-Street as it reclaimed 10,200 levels. The index slipped below its crucial 200-DEMA placed around 10,114 and now a closed below 10,000 could take Nifty towards 9700. Bears ruled the D-Street for the third consecutive day in a row and pushed the Nifty below its crucial long-term moving an average of 200-DEMA for the first time on Monday for the first time since November 2016. The Nifty has also registered its fresh low for the year 2018 as it made a strong bear candle. The Nifty which opened with a positive bias failed to hold on to the momentum as bears took control of D-Street as it reclaimed 10,200 levels. The index slipped below its crucial 200-DEMA placed around 10,114 and now a closed below 10,000 could take Nifty towards 9700. Traders should not hurry in creating long at the current juncture as long as Nifty trades below its 200-DEMA. A close above 10,200 could signal ...