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Tax planning has two parts: Are you taking care of both?

Tax planning has two parts: Are you taking care of both?

Finance
"Tax planning should be seen as part of financial planning and not be addressed in isolation," said, Gaurav Monga, CFP, while speaking at the ET Wealth Investment Workshop in Delhi yesterday. Explaining further, he said: "Tax planning should be mapped to your overall financial goals and objectives. Also, planning to save your taxes should be an annual exercise whether you earn your income from salary or business." According to Monga, tax planning has two parts: a) Reducing your tax liability on the different types of income earned by you such as salary, interest and so on. b) Reducing your tax liability by investing in tax saving instruments which directly reduces the tax payable on your income. While investing to save tax, most of us make investments which are not suitable for meeting...
New sectors taking charge as market seeks to rebound

New sectors taking charge as market seeks to rebound

Finance
NEW DELHI: Even though the benchmark indices have largely recovered from their Januray lows, most sectors that led the charts between February 2016 and January 2018 – the phase during which Sensex rallied 58 per cent to 36,450 from 23,000 –are not finding favour with investors. They are now ruling at the bottom of the performance charts, making way for a comeback by those sectors which missed the earlier rally, data showed. The BSE Realty index has fallen 22 per cent since January, emerging best performer among all sectors between February 2016 and January 2018 with a 154 per cent surge. PSU stocks, too, have gone off investor radar. The BSE PSU index has slipped 21 per cent in the recent fall, compared with a 65 per cent rise over the preceding 29 months. The BSE Metal index, the third b
4-year-old with cerebral palsy celebrates after taking first independent steps

4-year-old with cerebral palsy celebrates after taking first independent steps

Health
A 4-year-old with cerebral palsy in Michigan stole the hearts of countless people recently when her family posted video of her gleefully taking her very first independent steps. With her parents, older brother and pet dog close by and urging her on softly, Maya Tisdale, beaming from ear to ear, rises from a blue bench in their Traverse City home and takes a few steps. In the video, she then sits back down but not before celebrating the major milestone. "I'm walking! ... I'm walking!" Maya says in the video posted to social media Sunday. "I'm walking! Yes! ... I even took a big step." The moment took just a few seconds but for her family and for Maya, it was a momentous journey. Her mother, Ann Tisdale, told ABC News Wednesday that Maya was born four months early at 26 weeks and weig...
Beware: Taking a loan from your 401(k) does come with risks

Beware: Taking a loan from your 401(k) does come with risks

Finance
For some workers, a 401(k) plan loan seems like a perfect way to access money: You borrow from your own account and repay yourself with interest. Yet if you’re considering joining the ranks of borrowers, you might want to think twice. “A 401(k) loan can sound appealing, but taking a loan from your account can have a negative impact on the success of your retirement plan,” said Ryan Fuchs, a certified financial planner with Ifrah Financial Services. Each year, about 11 million workers turn to their 401(k) plan to ...
How e-commerce with drone delivery is taking flight in China

How e-commerce with drone delivery is taking flight in China

Finance
LATE on a Monday morning the village of Zhangwei is quiet. Chickens scratch and cluck at the side of the road. Workers use wooden spades to spread grain on the highway to dry, using half its width so that traffic can still pass on the other side. Yet at the community centre at the village’s heart, two objects hint at a feat of ultra-modern logistics about to unfold: a circle of green astroturf laid down in the central courtyard, and a billboard on the front of the building bearing the logo of JD.com, China’s second-largest online retailer.A low whirr breaks the stillness as a spiky dot appears on the horizon. The drone arrives overhead with a roar, hovers for a moment, then lowers itself towards the green circle like a mantis, three sets of propellers churning the air into whor...