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TOP 10 Chart Patterns you must learn

https://investmentmantra100.wordpress.com/2021/10/14/top-10-chart-patterns-you-must-learn/



Manoj Sharma Kishor Jadhav

TOP 10 Chart Patterns you must learn Chart patterns are an integral aspect of technical analysis, but they require some getting used to before they can be used effectively. To help you get to grips with them, here are top 10 chart pat…

Business Standard says "Equity schemes by mid-cap fund houses outperform"

A majority of equity schemes have given double-digit returns in the first half of the calendar year. The best performers have come largely from the basket of mid-size fund houses. These are mainly banking-related schemes. Products from fund houses such as Tata Mutual Fund, L&T Mutual Fund and Invesco have made it to the top positions, with returns in excess of 30%. Meanwhile, several schemes have failed to outperform the benchmarks. These are mainly global funds in the commodity segment. Schemes in the debt category, too, performed reasonably. Corporate credit funds and short-term income funds were the top performers, with returns of 4-5% in the past six months. Fund managers are advising investors to continue with their systematic investment plan investments in equities, lump sum investments in balanced funds and corporate credit funds in the debt categories.

IT Return Form 12BB for salaried taxpayers

The income tax department has come out with a standard Form 12BB for salaried taxpayers to claim tax deduction on leave travel allowance concession (LTALTC), house rent allowance ( HRA ) and interest paid on home loans.

Taxpayers will have to furnish to their employers proof of travel in Form 12BB for claiming LTALTC benefits. In case of HRA, the Central Board of Direct Taxes (CBDT) requires employees to furnish details like name, address and PAN number of the landlord if the aggregate rent paid exceeds Rs 1 lakh a year.

For claiming deduction of interest on home loan, the name, address and PAN of the lender will have to be furnished. Evidence of investment or expenditure will have to be provided for claiming tax deduction under Chapter VI-A.

Chapter VI-A pertains to allowable deductions under Section 80C , Section 80CCC, Section 80CCD as well as other sections like 80E, 80G and 80TTA.

The CBDT, in the same order, also extended the time limit for depositing tax deducted at source (TDS) on transfer of immovable property from 7 to 30 days. Also, the due date for filing quarterly TDS returns in Form 24Q, 26Q and 27Q was extended by 15 days.

The amended rules will be applicable from June 1, 2016, the CBDT said. Under section 80C, a deduction of Rs 1.5 lakh can be claimed from total taxable income if invested spent in employee's share of PF contribution, life insurance , etc.