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IMPORTANCE OF MAKING A WILL

IMPORTANCE OF MAKING A WILL

A valid Will under Indian Succession Act should be made in respect of his/her assets.

👉 Please find the below link for the above topic.

For further details feel free to contact us.

Ashutosh Financial Services Pvt. Ltd.

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FILING OF INDIAN INCOME TAX RETURN FOR RESIDENT INDIAN

➡️ Is it mandatory to file Income Tax Return ?

It is mandatory to file Income Tax Return if:

1️⃣ The Income exceeds Rs. 2.5 lakhs during the year (before giving effect of deductions under Chapter VI-A and certain capital gains exemptions)

2️⃣ Following categories of persons irrespective of the income:

▪️ If you have assets outside India or

▪️ Deposited an amount exceeding Rs.1 crore in current account/s by any mode during the year or

▪️ The deposit in one or more savings bank account of the person, in aggregate, is rupees fifty lakh or more during the previous year or

▪️ If his total sales, turnover or gross receipts, as the case may be, in the business exceeds sixty lakh rupees during the previous year; or

▪️ If his total gross receipts in profession exceeds ten lakh rupees during the previous year; or

▪️ If the aggregate of tax deducted at source and tax collected at source during the previous year, in the case of the person, is twenty-five thousand rupees or more; or

▪️ Incurred electricity expenditure in aggregate exceeding Rs.1 lakh or

▪️ Incurred an expenditure exceeding Rs. 2 lakh on travel out of India from bank account/s for himself or any other person.

3️⃣ Any taxable capital gain realized (Irrespective of basic tax slab exemption i.e. 2.5L).

In other cases, it is not mandatory to file an Income Tax Return. However, one may choose to voluntarily file it because of several advantages.

➡️ What are the advantages of voluntarily filing Income Tax Return?

▪️ Claiming refund of any taxes which have been withheld (TDS deducted).

▪️ Carry forward losses for claiming set-off against future year incomes.

👉 Please find the below link for the above topic.

https://youtu.be/b9qZ26fiVao

Contact us at the earliest to file your Income Tax Returns and become a compliant and proud Indian.

Kothari & Co.

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MUTUAL FUNDS – SHORT VIDEO

What are Mutual Funds ?

Why invest in Mutual Funds ?

What are the types of Mutual Funds?

What are the ways to invest in Mutual Funds ?

 Why invest in Mutual Funds through ASHUTOSHFINSERV ?

Short video on all the above questions YouTube link provided

Ashutosh Financial Services Pvt. Ltd.

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IMPORTANCE OF FINANCIAL PLANNING IN LIFE OF AN INDIVIDUAL – CELEBRATE LIFE WITH FINANCIAL FREEDOM

Lecture delivered by Mr. Jay Vasavada – Renowned columnist & orator on the above subject at an event organized by our company for Indian Medical Association Rajkot.

👉 Please find the below link for the above topic.

https://fb.watch/dM488_E1OK/

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SYSTEMATIC INVESTMENT PLAN (SIP) FOR INVESTING IN MUTUAL FUNDS – SHORT VIDEO

What is SIP ?

Why SIP ?

What is the process for starting SIP through ASHUTOSHFINSERV ?

Short video on all the above questions YouTube link provided

Ashutosh Financial Services Pvt. Ltd.

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FILING OF INDIAN INCOME TAX RETURN FOR NON-RESIDENT INDIAN (NRI)

▪️ Is it mandatory for a NRI to file Income Tax Return in India ❓

▪️ What are the conditions which makes it mandatory to file Income Tax Return in India ❓

▪️ What are the advantages of filing Income Tax Return in India ❓

👉 Please find the below link for the above topic.

For further details feel free to contact us.

Ashutosh NRI Services
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BASICS OF BANKING REGULATIONS WHICH ALL NRIs SHOULD KNOW

👉 Please find the below link for the above topic.

For further details feel free to contact us.

Ashutosh NRI Services
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Estate Planning For NRIs – WILL in respect to Indian Assets

A WILL valid under the Indian Succession Act should be made by NRIs in respect of their Indian Assets.

👉 Please find the below link for the above topic.

For further details feel free to contact us.

Ashutosh NRI Services
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Life insurance (Term Plan) for NRIs (Non-resident Indians) through which NRIs can get large amount of insurance from India at a very small premium.

Life insurance (Term Plan) for NRIs (Non-resident Indians) through which NRIs can get large amount of insurance from India at a very small premium.

👉 Please find the below link for the above topic.

For further details feel free to contact us.

Ashutosh NRI Services
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Beneficial provisions for NRI to avoid excess payment of taxes on sale of assets in India.

➡️ What are the Provisions under the Income Tax Act in regard to Tax Deduction at Source ( TDS) in respect of NRIs ❓

➡️ How to ensure that right amount of tax is deducted at source so that NRIs need not to fall in the hassle of claiming refund ❓

👉 Please find below the link on the above subject by Mr. Daxesh Kothari – Tax & Financial Consultant and MD & CEO of our company.

For further details feel free to contact us
Ashutosh NRI Services
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FILING OF INDIAN INCOME TAX RETURN FOR NON-RESIDENT INDIAN (NRI)

➡️ Is it mandatory for an NRI to file Income Tax Return in India ❓

It is mandatory for an NRI to file Income Tax Return in India if:

1️⃣ The Income exceeds Rs. 2.5 lakhs in India during the year (before giving effect of deductions under Chapter VI-A and certain capital gains exemptions)

2️⃣ Following categories of persons irrespective of the income:

▪️ Deposited an amount exceeding Rs.1 crore in current account/s by any mode during the year or
▪️ The deposit in one or more savings bank account of the person, in aggregate, is rupees fifty lakh or more during the previous year or
▪️ If his total sales, turnover or gross receipts, as the case may be, in the business exceeds sixty lakh rupees during the previous year; or
▪️ If his total gross receipts in profession exceeds ten lakh rupees during the previous year; or
▪️ If the aggregate of tax deducted at source and tax collected at source during the previous year, in the case of the person, is twenty-five thousand rupees or more; or
▪️ Incurred electricity expenditure in aggregate exceeding Rs.1 lakh or
▪️ Incurred an expenditure exceeding Rs. 2 lakh on travel out of India from Indian bank account/s for himself or any other person.

3️⃣ Any taxable capital gain realized in India (Irrespective of basic tax slab exemption i.e. 2.5L).

In other cases, it is not mandatory for any NRI to file an Income Tax Return in India. However, one may choose to voluntarily file it because of several advantages.

➡️ What are the advantages of voluntarily filing Income Tax Return for an NRI?

▪️ Claiming refund of any taxes which have been withheld (TDS deducted).
▪️ Carry forward losses for claiming set-off against future year incomes.
▪️ Obtaining credit of income taxes paid in India against taxes payable in the country of tax residence (where the NRI resides) as per the Double Taxation Avoidance Agreement (DTAA).

➡️ What are the due dates of filing Income Tax Return in India for an NRI?

For Financial Year 2021-22 ended on 31st March, 2022, the last date of filing Income Tax Returns is 31st July, 2022.

Contact us at the earliest to file your Income Tax Returns and become a compliant and proud Indian.

For further details, contact us:
Ashutosh NRI Services
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We invite NRIs to become our REFERRAL PARTNERS for promoting NRI Services globally with attractive terms.

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US Green Card holders who stays in India for a large part of year makes them Tax Resident of two different countries and are liable to Income Tax in both the jurisdiction…..is there a way out ?…DTAA (Double Taxation Avoidance Agreement)

➡️ There are taxation laws of different countries applicable to a person on account of his residential status in different countries.

➡️ What are the provisions to claim the relief under the DTAA ❓

➡️ What are the formalities or compliances to be done in order to claim the relief under DTAA ❓

👉 Please find below the link on the above subject by Mr. Daxesh Kothari – Tax & Financial Consultant and MD & CEO of our company.

For further details feel free to contact us
Ashutosh NRI Services
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Taxation Benefits for NRIs under Double Taxation Avoidance Agreement(DTAA)

➡️ It is important for NRIs to understand how their incomes would be taxed in the country where they are tax residents and countries other than the country where they are tax residents.

➡️ Will this lead to double taxation of the income ❓

➡️ What are the taxation benefits available to NRIs under Double Taxation Avoidance Agreements (DTAA) ❓

➡️ Are there concessional rates of tax or relief provisions available under DTAA ❓

➡️ If there are beneficial provisions under the DTAA or under the Income Tax law of the country or vice versa, what would be applicable ❓

👉 To know more about the various benefits available to NRIs under DTAA watch both the parts of our video.

👉 Please find below the link on the above subject by Mr. Daxesh Kothari – Tax & Financial Consultant and MD & CEO of our company.

PART 1 – https://youtu.be/Y1Fk5LQ6i-g
PART 2 – https://youtu.be/342tcyCXF50

For further details feel free to contact us
Ashutosh NRI Services
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Life insurance (Term Plan) for NRIs (Non-resident Indians) through which NRIs can get large amount of insurance from India at a very small premium.

A Term Plan is a pure form of Life insurance, which has following features:

◾ Get claim of large lump-sum amount globally in case of death/disability/critical illness, which can secure your family by providing financial protection in your absence.

◾ NRIs with age band of 18 to 65 years can apply for Term plan, based on the criteria like annual income, health condition and existing life insurance amount.

◾ Flexibility in years of insurance and premiums, for how many years you want life cover and for how many years you want to pay premium.

◾ Specially for NRIs, an 18 year old person will be able to take a term plan of Rs. 1 Crore till he reaches the age of 65 only @ Rs. 20 premium per day. Same way 30 year old person can get @ 28.50/- rupees a day and 40 year old person can get @ 47/- rupees a day.

◾ Non-smoker and non-Tobacco user can get more benefit in premium amount.

◾ Women can get lower premium for insurance than men.

◾ Choose the option for refund of your all premiums paid after the end of the policy term.

◾ Choose additional riders such as a rider with to get a lump sum amount when critical illnesses occur or a rider with the benefit of accidental death.

◾ Choose increasing and decreasing sum assured options.

◾ NRIs can also claim tax benefits under section 80(C) of Income Tax Act.

✅ We offer insurance plans of many companies, we suggest best plan suitable for NRIs after comparing the plans of all these companies, with the lowest premium, best company and best features as per your requirements.

For further details feel free to contact us
Ashutosh NRI Services
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Rules For Repatriation Of Current Income Outside India

Repatriation is the process in which funds are transferred freely from one country to another in foreign currency. A NRI can open NRO, NRE & FCNR-B accounts in India and when you move your money from the NRO account to NRE account or to an account in your country of residence, it is called repatriation.

What can be repatriated and how much ?

  • Current Income ( Salary, Investment, Interest, Business Profits) – No Limit
  • Movable Assets ( Sale Proceeds Of Asset Acquired As Inheritance) – USD 1 Million Per Financial Year.
  • Immovable Assets ( Sales Proceeds Of Residential Asset) – USD 1 Million Per Financial Year.

FEMA Rules Regarding Repatriation ?

  • There are Income Tax implications in India every time you repatriate funds.
  • You can cumulatively repatriate current income earned in any year in that year itself or the subsequent years
  • You can transfer or repatriate funds from your NRE account freely without any limit
  • Your NRO account balance should hold legitimate dues receivable in India and not through borrowing from another person or funds transferred from another NRO account
  • In case of residential property, you can repatriate sale proceeds of up to two such properties.

Can You Cross The Repatriation Limit ?

Yes, the RBI does allow you to repatriate funds higher than the preset limits only after explicit approval. The situations in which you may request to increase the permissible limit include medical emergencies, children’s education, or purchasing the property back in your country of residence.

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HOW NRIs CAN PREPARE A WILL FOR TRANSFERRING ASSETS TO BENEFICIARIES IN THE DESIRED MANNER?

A Will valid under the Indian Succession Act should to be made by NRIs in respect of their Indian Assets.

The Indian Laws of Succession shall apply on the Indian Assets hence a Will valid under the Indian Succession Act should be made by NRIs, it has to have all the essential elements of a valid Will as listed in the following points.

🟥 The Will has to be in writing with precise details of the assets to be passed to the beneficiaries in the desired manner.

🟥 The names and details of the beneficiaries under the Will to whom assets are to be passed have to be clearly stated.

🟥 The person preparing the Will has to be identifiable along with his signature and date on which the Will is executed.

🟥 Signatures of two adult witnesses with their identification have to be obtained. It is advisable to have witnesses who are younger than the person preparing the Will and also have Doctor as a witness in case of an aged person preparing the Will. A witness should not be a beneficiary in the Will.

🟥 It is advisable to execute declarations of the two witnesses confirming the fact that they are the witness of the Will. These Declarations can be filed in court at the time of obtaining the probate after death.

🟥 Person signing the Will can sign before Notary Public or get the Will Registered at any authorized sub-registrar.

However, none of the two procedures are mandatory under law.

🟥 The person preparing the Will can appoint an executor (including a beneficiary) for executing the transfer of his/her assets to the intended beneficiaries. However, such an appointment is not mandatory.

🟥 Whether to sign the Will, without Notary, before Notary or get the same registered or to appoint an executor, depends on the facts & circumstances of the case.

IT IS NOT NECESSARY THAT THE NRI HAS TO BE IN INDIA TO PREPARE A WILL IT CAN BE EXECUTED EVEN OUT OF INDIA.
IT IS ALWAYS ADVISABLE TO MAKE A WILL IN RESPECT OF ALL YOUR INDIAN ASSETS SO THAT ONE CAN TRANSFER THE WEALTH TO THE INTENDED BENEFICIARIES IN THE DESIRED MANNER.

➡️ Contact us to plan the succession of your wealth to your successors in a legitimate, convenient and efficient manner.

Ashutosh NRI Services
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Ashutosh Financial Services Pvt. Ltd.
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CAPITAL PROTECTION COUPLED WITH GROWTH, AN ATTRACTIVE INVESTMENT STRATEGY FOR NRIs IN INDIA

CAPITAL PROTECTION COUPLED WITH GROWTH, AN ATTRACTIVE INVESTMENT STRATEGY FOR NRIs IN INDIA.

Combination of NRE Fixed Deposit and Systematic Investment Plans (SIP) in Equity Mutual Funds.

➡️ Concept:

NRI Investors largely invest in Fixed Deposits (FDs) because they want safety of principal. What if, an investment offers safety of principal equivalent to FDs, but relatively higher returns than FDs? The following is the novel investment idea that gives capital protection and growth.

➡️ Three Step Investment Guide:

Step 1: Investment in NRE FDs for 5 years.
Step 2: Choose the option of annual interest payout.
Step 3: Invest the interest income in equity funds every year by monthly SIP.

➡️ Example:

Step 1: Investment in NRE FDs.

▪️ Investment in FDs: Rs. 25,00,000.
▪️ Annual Rate of interest: 5.50 per cent.
▪️ Duration of investment: 5 Years.
▪️ Investment Option: Annual Interest Payout.
▪️ Expected Interest Income Every Year: Rs. 1,37,500.

Step 2: Annual interest payout.

▪️ On the above FD, expected interest income every year would be Rs. 1,37,500.

Step 3: Investment of interest income in equity funds every year.

▪️ Invest Rs. 1,37,500 every year to Equity Mutual Fund – Growth Plan.

▪️ Ideally it can be investment of Rs. 11,500 per month in Equity Mutual Fund by way of a SIP by adjusting the cash flow.

➡️ Value of Investment after 5 years:

▪️ Expected Value of Investment in Equity Mutual Fund: Rs. 9,48,593. (Returns assumed – 12 per cent).

▪️ FD Principal Repayment: Rs. 25,00,000.

▪️ Total Value of Investment at the end of 5 years: Rs. 34,48,593.

➡️ Benefits of Investment in Combination:

▪️ Ensures high Safety of Principal (i.e. risk-free investment).

▪️ Investment in Equity Market only through interest income.

▪️ Increased Expected Returns, with minimum risk.

▪️ Investment done through NRE account in fixed deposits and mutual funds along with their returns are fully repatraible.

➡️ Analysis:

▪️ INVESTMENT IN NRE FD

Investment Amount: Rs. 25,00,000
Maturity Amount at the end of 5 years: Rs. 32,67,400
Annualized Returns: 5.50%

▪️ INVESTMENT IN COMBINATION

Investment Amount: Rs. 25,00,000
Maturity Amount at the end of 5 years: Rs. 34,48,593
Annualized Returns: 6.64%

▪️ BENEFIT OF INVESTMENT IN COMBINATION: Rs. 1,81,193

Please feel free to contact us
Mobile: +91 72288 48181 / 96010 06464
Email: nris1@ashutoshfinserv.com

Ashutosh NRI Services
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ASHUTOSH FINANCIAL SERVICES PVT. LTD.
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CAPITAL PROTECTION COUPLED WITH GROWTH, AN ATTRACTIVE INVESTMENT STRATEGY

CAPITAL PROTECTION COUPLED WITH GROWTH, AN ATTRACTIVE INVESTMENT STRATEGY.

Combination of Fixed Deposit and Systematic Investment Plans (SIP) in Equity Mutual Funds.

➡️ Concept:

Investors largely invest in Fixed Deposits (FDs) because they want safety of principal. What if, an investment offers safety of principal equivalent to FDs, but relatively higher returns than FDs? The following is the novel investment idea that gives capital protection and growth.

➡️ Three Step Investment Guide:

Step 1: Investment in FDs for 5 years.
Step 2: Choose the option of annual interest payout.
Step 3: Invest the interest income in equity funds every year by monthly SIP.

➡️ Example:

Step 1: Investment in FDs.

▪️ Investment in FDs: Rs. 5,00,000.
▪️ Annual Rate of interest: 6.8 per cent.
▪️ Duration of investment: 5 Years.
▪️ Investment Option: Annual Interest Payout.
▪️ Expected Interest Income Every Year: Rs. 34,000.

Step 2: Annual interest payout.

▪️ On the above FD, expected interest income every year would be Rs. 34,000.

Step 3: Investment of interest income in equity funds every year.

▪️ Invest Rs. 34,000 every year to Equity Mutual Fund – Growth Plan.

▪️ Ideally it can be investment of Rs. 2800 per month in Equity Mutual Fund by way of a SIP by adjusting the cash flow.

➡️ Value of Investment after 5 years:

▪️ Expected Value of Investment in Equity Mutual Fund: Rs. 2,30,962. (Returns assumed – 12 per cent).

▪️ FD Principal Repayment: Rs. 5,00,000.

▪️ Total Value of Investment at the end of 5 years: Rs. 7,30,962.

➡️ Benefits of Investment in Combination:

▪️ Ensures high Safety of Principal (i.e. risk-free investment).

▪️ Investment in Equity Market only through interest income.

▪️ Increased Expected Returns, with minimum risk.

➡️ Analysis:

▪️ INVESTMENT IN FD

Investment Amount: Rs. 5,00,000
Maturity Amount at the end of 5 years: Rs. 6,94,746
Annualized Returns: 6.80%

▪️ INVESTMENT IN COMBINATION

Investment Amount: Rs. 5,00,000
Maturity Amount at the end of 5 years: Rs. 7,30,962
Annualized Returns: 7.89%

▪️ BENEFIT OF INVESTMENT IN COMBINATION: Rs. 36,216

For further details feel free to contact us
Mobile: +91 73835 30919 / 93773 35959
Email: vrm@ashutoshfinserv.com

Ashutosh Investment Services
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ASHUTOSH FINANCIAL SERVICES PVT. LTD.
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LONG-TERM INVESTING CAN CREATE WEALTH FOR INVESTORS, NOT TRADING IN STOCK MARKET

➡️ In recently published article by Economic Times on 2nd January 2022, founder of India’s largest broking firm Zerodha, Mr. Nithin Kamath has claimed that less than 1% of active traders earn more money than a bank fixed deposit over a 3-year period.

➡️ In the recent times, we have witnessed a sharp rise in number of demat accounts and trading volumes in the stock markets, especially among the youth.

➡️ Many of us indulge in stock trading (buying & selling) with the objective of earning short term profits based on stock tips from various sources in the market.

➡️ Such tips are generally not backed by professional investment research & analysis. Hence, investors often end up losing hard earned capital by placing such trades.

➡️ It is best to participate in the stock market through appropriate investment avenues managed by professionals having sound expertise in that field.

➡️ So invest in good quality:
1. Equity Mutual Funds,
2. Portfolio Management Services (PMS)
3. Advisory stock portfolios
with appropriate asset allocation and taking into consideration your risk taking capacity.

Disclaimer: We do not intend to provide any investment advice in any manner through the above message. It is only a knowledge-sharing exercise in good faith.

Please feel free to contact us
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ASHUTOSH FINANCIAL SERVICES PVT. LTD.
•Investments •Insurance •Income Tax & Estate Planning •NRI Services
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Investing in ADVISORY STOCK PORTFOLIOS.

We are aware of Portfolio Management Services (PMS) where a Fund Manager manages the portfolio of equity shares of an investor. Different PMS have different kinds of portfolios like Flexicap, Multicap, Large Cap, Mid Cap, Small Cap or a thematic portfolio. But the minimum investment amount for a PMS has recently increased to Rs 50 lakhs.
ADVISORY STOCK PORTFOLIOS is an option where the minimum amount of investment is Rs. 3 to Rs 5 lakhs and they are advised by some of the best and most successful Fund Managers in the country.
Following are the details of the same :
⭕ There are direct equity stock portfolios offered are constructed by the reputed Investment Advisors like Abakkus Investment Advisors ( Promoted by earstwhile CIO of Reliance Mutual Fund Mr. Sunil Singhania) and Narnolia Investment Advisors.
⭕ These equity portfolios are held in the separate demat account and trading account opened specifically for this investments with a broker connected with the respective investment advisors.
⭕ The account opening process is completely paperless and seamless without any hassles.
⭕ These portfolios are actively monitored on a regular basis and any changes are communicated to the client electronically. The client has to approve the changes normally through a click.
The different stock portfolios offered are on different themes which offer a wide choice to the investors.
⭕ The management fees charged on these portfolios is similar to other investment options. The investor can discontinue the services of these advisory portfolios without any exit load. The portfolio of the investor is already in his own name which he can continue to hold on his own.
⭕ An Investor can make an addition in these portfolios or even withdraw amounts from these portfolios after keeping the minimum investment amount.
Presently the stock portfolios offered are delivering returns outperforming their respective benchmarks.
Please find herewith in separate PDF details of the 5 (Five) different portfolios available.
Narnolia four Investment Advisory Portfolios
Abakkus Smart Flexi Cap Portfolio
Please feel free to contact us on any details regarding the above newly available investment option of investing in stocks directly with a portfolio advised by top quality fund managers of the country.
Please feel free to contact us
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Ashutosh Investment Services
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ASHUTOSH FINANCIAL SERVICES PVT. LTD.
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INDIAN GOVERNMENT HAS STARTED VIGILANCE AGAINST NON-COMPLIANT NON-RESIDENT INDIANS (NRI)

▪️ The Indian govt. has started seeking details of financial transactions from suspected non-compliant Non-Resident Indians. Please find attached the recent news article for reference.
▪️ Information such as details of fund sources, assets acquired, income tax return filing, etc. are sought by agencies such as the Enforcement Directorate (ED).
▪️ The suspected non-compliance is for wrongful declarations under FEMA (Foreign Exchange Management Act, 1999) as well the Income Tax Act for claiming incorrect residential status.
▪️ This implies that the person takes refuge of being under the Non-Resident status while filing Income Tax returns as well as in other financial transactions such as banking, investment, etc.
▪️ There are severe consequences of such wrongful declaration which can result in unwanted penalties as well prosecution under Income Tax Act and the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.
▪️ Due date for filing Indian Income Tax return is 30th September, 2021. Let us comply with all taxation & regulatory laws of India not only to avoid unfavourable legal consequences, but also to become an honest and responsible Indian.
Please feel free to contact us
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Email: nris1@ashutoshfinserv.com
Ashutosh NRI Services
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ASHUTOSH FINANCIAL SERVICES PVT. LTD.
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LATEST NEWS ON INVESTMENT IN UNLISTED STOCKS OF TOP INDIAN COMPANIES BEFORE IPO

We are pleased to share the latest news in the attached PDF on the unlisted stock of Reliance Retail Ltd and National Stock Exchange Ltd.
Please be in touch with us to buy unlisted stock of top class Indian companies. Investment in unlisted companies is an opportunity to obtain allotment before the IPO which in present times gets oversubscribed heavily.
In order to understand everything about investment in unlisted stocks visit our Youtube presentation which will cover the following aspects :
Why should we invest in unlisted stocks?
✅ How to invest in unlisted stocks?
✅ Which unlisted stocks to invest in?
✅ Regulatory & Tax aspects of investing in unlisted stocks
Links of video
In English language:
https://www.youtube.com/watch?v=-n3CY-xdrHA&t=1s
In Gujarati language:
https://www.youtube.com/watch?v=8nGYA2tAT84&t=117s
Please feel free to contact us for buying the Unlisted Stocks:
Mobile: +91 73835 30919 / 93773 35959
Email: vrm@ashutoshfinserv.com
Ashutosh Investment Services
A service of
ASHUTOSH FINANCIAL SERVICES PVT. LTD.
•Investments •Insurance •Income Tax & Estate Planning •NRI Services
www.ashutoshfinserv.com
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GREAT OPPORTUNITY TO INVEST IN DIGITAL GOLD BONDS LAUNCHED BY RESERVE BANK OF INDIA AT A PRICE LOWER THAN THE MARKET PRICE OF GOLD.

FRESH SERIES OF 2021-22 – TRANCHE 04
At Present, the market price of 10 gms. of Gold is Rs. 47,863/- PM as on 9th july, 2021 and instead the Reserve Bank of India has came up with a series of schemes offering 10 gms. Gold Bonds at the rate of Rs. 47,570/- with (Rs. 48,070-Rs.500 Discount) under the Sovereign Gold Bond Scheme.
Direct benefit of Rs. 293 (47,863-47,570) per 10 gms.
This Gold Bond Scheme close on 16th July, 2021 which means that the offer will only be applicable till 16th July, 2021.
✅ Series III available from 12th July 2021 to 16th July, 2021.
✅ Available in the multiples of 1 gms.
✅ Rs. 50 per 1 gms discount on online purchase.
✅ Eligible Interest rate of 2.5% p.a. paid on semi-annually basis.
Tenure: 8 years (Early withdrawal allowed from 5th year).
✅ Trade-able on the Stock Exchange.
Taxation:
➡️ Interest on these Sovereign Gold Bond is taxable.
➡️ Appreciation (Capital gain) of the amount received on redemption (after 8 years) is tax free.
➡️ Capital Gains on sale in the market is liable to Short Term Capital Gain (on holding below 3 years), Long term Capital Gain with indexation benefit applicable after holding above 3 years.
📌 GRAB THE OPPORTUNITY!
IF YOU MISS THE OPPORTUNITY DON’T WORRY! All series of Sovereign Gold Bonds are AVAILABLE with ASHUTOSH INVESTMENT SERVICES for sale.
Ashutosh Investment Services
A Service of
ASHUTOSH FINANCIAL SERVICES PVT. LTD.
•Investments •Insurance •Income Tax & Estate Planning •NRI Services
Mobile: +91 73835 30919 / 93773 35959 Email: vrm@ashutoshfinserv.com
www.ashutoshfinserv.com
You can share the details to your Friends, Relatives and Contacts who could be INTERESTED.
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TAXABILITY OF LIFE INSURANCE PROCEEDS RECEIVED ON DEATH OR MATURITY

Are the proceeds from all life insurance policies tax free in India?
The taxability of any amounts received under an Insurance Policy is governed by Section 10(10D) of the Income Tax Act. The same can be summarised as under :
▶️ What is the taxability when the insurance policy proceeds are received by the nominee in the event of death of the insured?
✅ The sum assured received by the nominee (beneficiary) for any life insurance policy in an unfortunate event of death of the insured is ALWAYS TAX-FREE irrespective of the premium paid or any other factor.
▶️ What is the taxability when the life insurance policy proceeds are received by the insured person on maturity of the term?
✅ The maturity sum received by the insured is TAX-FREE if the premium for EVERY YEAR (including top up premium) during the tenure of the policy is NOT EXCEEDING 10% of the sum assured as per the policy to the insured person.
✅ In any other cases, the income (sum received less total premium paid over the years) is TAXABLE under the slab rates applicable to that individual.
✅ If the maturity proceeds of the insurance policy (exceeding Rs.1 lakh) are taxable, tax is liable to be deducted at source (TDS) by the Insurance company under section 194DA at the rate of 1% on the income portion of the policy maturity proceeds. Credit for that can be claimed while filing the tax returns.
👉🏻 We offer insurance plans of many companies; we can suggest the best plan suitable for you after comparing the plans of various companies, with the best features and most competitive premium as per the requirement.
Contact us to get the best insurance plan for you.
Ashutosh Insurance Services
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DETAILS WHICH MY FAMILY SHOULD KNOW

➡️ Comprehensive Financial Inventory to help individuals and families take charge for their financial information in the event of disability or death.
What is the importance & role of a ‘FAMILY VAULT’?
✅ We know the importance of preparation of a WILL for legal transfer of assets to our successors. A ‘Family Vault’ helps in making this process of transfer seamless and convenient. A WILL alone, may not be enough to carry out the entire transfer process without several essential data as included in this ‘Family Vault.’
✅ It is a one stop vault for the successors to avail all the necessary financials as well as personal information of an individual in the event of disability or death.
Please find the PDF for the ‘FAMILY VAULT’ herewith OR follow this link to view and download for free.
https://www.ashutoshfinserv.com/wp-content/uploads/2021/07/FAMILY-VAULT.pdf
You can prepare the data on your own.
Please feel free to share with your contacts, friends and relatives.
🎯 You can also avail our professional services to prepare the ‘FAMILY VAULT.’ 🎯
✅ The information in the Family Vault in many cases requires customization (data prepared according to the need of the individual). Moreover, time and efforts are required to prepare and update the information for which our services can be availed.
ASHUTOSH FINANCIAL SERVICES PVT. LTD.
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Practical Examples With Questions & Answer For Understanding The Calculation Of Tax Deducted At Source (TDS)

  1. Section 194Q is applicable to which buyers: –

The section 194Q of TDS is applicable only to those buyers whose turnover, gross receipt or sales in the previous year was more than Rs.10 crores hence in the financial year ended on 31st March 2021, the buyers whose turnover was more than Rs.10 crore in that year, they have to deduct TDS from their resident seller on the purchase of above Rs.50lakh in the current financial year 2021-22.
Therefore, if the turnover of a buyer is less than Rs.10 crore in the year ended March 31,2021, he does not have to comply with this provision in current financial year.
  2. On which amount TDS is to be deducted: –
This TDS is to be deducted only on the amount above Rs 50.00 lakh in a financial year from one seller i.e., if the purchase is for Rs 67.00 lakh then the Buyer has to deduct TDS only on the amount above Rs 50 lakh i.e., on Rs 17.00 lakh, then for each seller, the buyer will have to deduct first Rs. 50 Lakhs then deduct TDS on remaining amount.
Now one more thing to keep in mind that this limit of Rs 50 lakh is for one financial year for each seller, so now that this provision is applicable from 1st July 2021 then TDS you have to deduct only on purchases after 1st July 2021 but While ascertaining the limit of purchase Rs. 50.00 Lakhs, the purchases from April 1, 2021, the purchase will also have to be taken into account.
Examples 1: –
Purchaser has made purchase from seller from 1st April 2021 to 30th June 2021 for Rs 40lakhs and now on 1st July 2021 another purchase has been made from the same seller for Rs 30 lakhs. On what amount is TDS to be deducted?
Ans
Out of 30 lakhs on this purchase TDS has to be deducted on Rs. 20 lakh after deducting Rs 10 lakh. The limit of a financial year is Rs 50 lakh per seller, so purchaser has already purchased Rs 40 lakh out of this limit before June 30, so now only Rs 10 lakh is left out of the limit of Rs 50 lakh.
Example 2: –
Purchaser has made a purchase from seller from 1st April 2021 to 30th June 2021 for Rs 70lakhs and now on 1st July 2021, another purchase has been made from the same seller for Rs 30 lakhs, On what amount is TDS to be deducted?
Ans.
Purchase for Rs 30 lakhs only TDS is to be deducted. The limit of Rs. 50 lakh per seller is for a financial year and purchaser has already exhausted this limit before 30th June 2021.

  1. Whether TDS is to be deducted while adding GST: –

The reason for this controversy that the TCS to be deducted under section 206 (C) (1H)where the Central Board of Direct Taxes had clarified that TCS is to be deducted only on the entire amount received including GST.
The Central Board of Direct Taxes had not clarified in the case with TDS under section 194Q. But keep in mind here that no such clarification has been issued with respect to the goods. Hence it wants to deduct this TDS on the amount of GST.

  1. At what time TDS is to be deducted: –

TDS is to be deducted at the time when such amount is credited to the seller’s account or paid to him, whichever is earlier.

  1. TDS rate 5% for non-delivery of PAN number – Section 206AA

If the seller does not give his PAN number to the buyer, then this rate of TDS will be 5%

  1. Rate of TDS for Non-filers of ITR:

A new category of “Specified Persons” whose TDS is to be deducted from 1st July 2021has been mentioned under section 206AB for whom TDS is to be deducted at twice the regular rate or 5 percent, whichever is higher. These persons are categorized as the persons in whose case the TDS/TCS deducted from them from all the sources is high in but they are defaulters in filing their returns regularly. Here defaulters mean persons who are not filing their ITRs for continuous 2 years in spite of the fact that in each of both these 2 years the TDS/TCS deducted and/or collected is more than Rs.50000.00.

  1. What will be the result of not deducting/depositing TDS: –

As per section 40(ia) of the Income Tax Laws an amount has been paid to a resident on which TDS is to be deducted but not deducted and if deducted and the same is not deposited before the expiry of the time provided for furnish of ITR under section 139(1)then the 30% of the amount on which TDS is to be deducted and deposited will be added to the income of that person.

  1. When not to deduct TDS: –

In this regard, if all the conditions mentioned above are fulfilled, the buyer becomes liable to deduct TDS, even then he does not have to deduct this TDS and two such situations are there: –
(i). Where TDS is to be deducted on the transaction of this purchase under any of the provision under the Income Tax Act.
(ii). When TCS is deductible under 206C (excluding TCS provisions applicable to sale of goods under section 206(C)(1H)) by the seller on that transaction, the provisions of TDS are not applicable.
Please keep in mind here that TCS is to be deducted in any of the provisions of TCS in section 206C, then TDS is not to be deducted under this section.
So please note where there is a transaction on which buyer and seller both are covered to deduct TDS and TCS respectively then it is only the buyer who has to deduct TDS and  in all those cases all these buyers should inform the seller.
For further details, Contact us on:
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How To Prepare A Will For Transfer Of Assets To Beneficiaries In The Desired Manner?

🟥 A Will valid under the Indian Succession Act has to be made in respect of his/her Assets.
🟥 For the Will to be legally valid under the Indian Succession Act, it has to have all the essential elements of a valid Will as listed in the following points.
🟥 The Will has to be in writing with precise details of the assets to be passed to the beneficiaries in the desired manner.
🟥 The names and details of the beneficiaries under the Will to whom assets are to be passed have to be clearly stated.
🟥 The person preparing the Will has to be identifiable along with his signature and date on which the Will is executed.
🟥 Signatures of two adult witnesses with their identification have to be obtained. It is advisable to have witnesses who are younger than the person preparing the Will and also have Doctor as a witness in case of an aged person preparing the Will. A witness should not be a beneficiary in the Will.
🟥 It is advisable to execute declarations of the two witnesses confirming the fact that they are the witness of the Will. These Declarations can be filed in court at the time of obtaining the probate after death.
🟥 Person signing the Will can sign before Notary Public or get the Will Registered at any authorized sub-registrar.
However, none of the two procedures are mandatory under law.
🟥 The person preparing the Will can appoint an executor (including a beneficiary) for executing the transfer of his/her assets to the intended beneficiaries. However, such an appointment is not mandatory.
🟥 Whether to sign the Will, without Notary, before Notary or get the same registered or to appoint an executor, depends on the facts & circumstances of the case.
🟥 IT IS ALWAYS ADVISABLE TO MAKE A WILL IN RESPECT OF ALL ASSETS SO THAT ONE CAN TRANSFER THE WEALTH TO THE INTENDED BENEFICIARIES IN THE DESIRED MANNER.
🟥 Contact us to plan the succession of your wealth to your successors in a legitimate, convenient and efficient manner.
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Great Opportunity To Invest In Digital Gold Bonds Launched By Reserve Bank Of India At A Price Lower Than The Market Price Of Gold.

FRESH SERIES OF 2021-22 – TRANCHE 03
At Present, the market price of 10 gms. of Gold is Rs. 48,654/- PM as on 28th May, 2021 and instead the Reserve Bank of India has came up with a series of schemes offering 10 gms. Gold Bonds at the rate of Rs. 48,390/- with (Rs. 48,890-Rs.500 Discount) under the Sovereign Gold Bond Scheme.
Direct benefit of Rs. 264 (48,654-48,390) per 10 gms.
This Gold Bond Scheme close on 4th June, 2021 which means that the offer will only be applicable till 4th June, 2021.
✅ Series III available from 31st May 2021 to 4th June, 2021.
✅ Available in the multiples of 1 gms.
✅ Rs. 50 per 1 gms discount on online purchase.
✅ Eligible Interest rate of 2.5% p.a. paid on semi-annually basis.
Tenure: 8 years (Early withdrawal allowed from 5th year).
✅ Trade-able on the Stock Exchange.
Taxation:
➡️ Interest on these Sovereign Gold Bond is taxable.
➡️ Appreciation (Capital gain) of the amount received on redemption (after 8 years) is tax free.
➡️ Capital Gains on sale in the market is liable to Short Term Capital Gain (on holding below 3 years), Long term Capital Gain with indexation benefit applicable after holding above 3 years.
📌 GRAB THE OPPORTUNITY!
IF YOU MISS THE OPPORTUNITY DON’T WORRY! All series of Sovereign Gold Bonds are AVAILABLE with ASHUTOSH INVESTMENT SERVICES for sale.
Mobile: +91 73835 30919 / 73835 30619
Email: vrm@ashutoshfinserv.com
www.ashutoshfinserv.com
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Invest In Unlisted Shares Of The Second Fastest Growing Retailer In The World – Reliance Retail Ltd.

🔲 Reliance Retail Ltd., subsidiary of Reliance Industries Ltd., has been recently ranked as the second fastest growing retailer in the world in the 2021 ranking of global retail power houses by Deloitte.
🔲 The company is more than five times the size (in terms of annual turnover) to its subordinate retail competitor, Avenue Supermarts Ltd. (DMart).
🔲 The company recorded a growth of 41.8 per cent, driven primarily by a 13.1 per cent increase in the number of stores in its consumer electronics, fashion and lifestyle and grocery retail chains, to 11,784 stores across 7,000 towns and cities in India.
🔲 The company is leveraging the E-commerce medium through both, digital commerce B2C and B2B models by partnering with WhatsApp to further accelerate business on the JioMart platform.
🔲 It is advantageous to invest in such Unlisted Shares before the company comes with IPO (Initial Public Offering) when the success story is visible to the world at large and already there in the share price.
🔲 Shares of the company are readily available with us at all times with daily quotes. We carry out transfers to the Demat account of the investor with precise documentation and also provide related taxation & regulatory advice.
🔲 Invest in such game changer businesses of modern times to fetch multi-bagger returns (2x, 3x, etc.) on the investment.
🔲 Links of explanatory video on the topic “ᑕᗩTᑕᕼ TᕼEᗰ YOᑌᑎG – INVESTMENT IN PROMISING UNLISTED STOCKS BEFORE IPO”
In English language:

In Gujarati language:

For any further details,
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Invest In Mutual Funds Of Indian Information Technology (I.T.) And Pharma/Healthcare Sector

🟫 Why should we invest in I.T. sector?
☑️ The Indian Information Technology (I.T.) sector has widely accepted the model of remote working (work from home).
☑️ Organizations will now find it even better and convenient to outsource their I.T. tasks to an I.T. company at a distant location/country which will gear up demand.
☑️ Moreover, Indian I.T. companies, in collaboration with the Govt. of India are increasingly focusing on leveraging next generation digital technologies like 5G, Blockchain, Artificial Intelligence, etc. to develop innovative modern day delivery capabilities for their services.
🟫 Which is the best manner to invest in the I.T. sector?
☑️ To participate in the I.T. sector, deep understanding of modern technological trends and developments in the foreign markets are also required to be considered as the industry is significantly dependent on exports.
☑️ Investment in I.T. sectoral Mutual Funds managed by professional fund managers having in-depth understanding of I.T. companies helps to identify best stocks at the appropriate price depending on the market trends.
🟫 Why should we invest in Pharma/Healthcare sector?
☑️ One of the most benefitted sectors from the pandemic, the Healthcare/Pharma sector includes biopharmaceuticals, bioinformatics, medical tourism, diagnostics, medical supplies & equipments, etc.
☑️ There are several lifestyle changes and habits that have become a norm and will boost the pharma industry post Covid-19 pandemic.
☑️ Indian Pharma/Healthcare companies, because of cheaper pricing, increasing research & development, and constant governmental support for incentivizing exports, have developed a multi-billion-dollar export market with a promising growth potential.
🟫 Which is the best manner to invest in the Pharma/Healthcare sector?
☑️ To participate in the Pharma/Healthcare sector, deep understanding of the medical field and knowledge of various aspects such as product patents, regulatory issues, foreign healthcare laws, etc. is necessary to identify potential companies.
☑️ Investment in Pharma/Healthcare sectoral Mutual Funds managed by professional fund managers having in-depth understanding of Pharma/Healthcare companies helps to identify stocks at the appropriate price depending on the market trends.
🟫 INVEST IN MUTUAL FUNDS OF THE EMERGING SECTORS TO PARTICIPATE IN THE GROWTH STORY OF INDIAN ECONOMY.
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Great Opportunity To Invest In Digital Gold Bonds Launched By Reserve Bank Of India At A Price Lower Than The Market Price Of Gold.

FRESH SERIES OF 2021-22 – TRANCHE 01
At Present, the market price of 10 gms. of Gold is Rs. 47,757/- PM as on 14th May, 2021 and instead the Reserve Bank of India has came up with a series of schemes offering 10 gms. Gold Bonds at the rate of Rs. 47,270/- with (Rs. 47,770-Rs.500 Discount) under the Sovereign Gold Bond Scheme.
Direct benefit of Rs. 487 (47,757-47,270) per 10 gms.
This Gold Bond Scheme close on 21st May, 2021 which means that the offer will only be applicable till 21st May, 2021.
✅ Series I available from 17th May 2021 to 21st May, 2021.
✅ Available in the multiples of 1 gms.
✅ Rs. 50 per 1 gms discount on online purchase.
✅ Eligible Interest rate of 2.5% p.a. paid on semi-annually basis.
Tenure: 8 years (Early withdrawal allowed from 5th year).
✅ Trade-able on the Stock Exchange.
Taxation:

  • Interest on these Sovereign Gold Bond is taxable.
  • Appreciation (Capital gain) of the amount received on redemption (after 8 years) is tax free.
  • Capital Gains on sale in the market is liable to Short Term Capital Gain (on holding below 3 years), Long term Capital Gain with indexation benefit applicable after holding above 3 years.

📌 GRAB THE OPPORTUNITY!
✅ IF YOU MISS THE OPPORTUNITY DON’T WORRY! All series of Sovereign Gold Bonds are AVAILABLE with ASHUTOSH INVESTMENT SERVICES for sale.
Mobile: +91 73835 30919 / 73835 30619
Email: vrm@ashutoshfinserv.com
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Indian Stock Market In Declining Trend But U.S.A. Stock Market Is Rising – Diversify Your Investments Globally By Also Investing In The U.S. Stock Market

INDIAN STOCK MARKET IN DECLINING TREND BUT U.S.A. STOCK MARKET IS RISING – DIVERSIFY YOUR INVESTMENTS GLOBALLY BY ALSO INVESTING IN THE U.S. STOCK MARKET 🇺🇸📈💹
🔳 In the past three months (as on 12-04-21), the Indian financial markets represented by BSE SENSEX index has declined by 3.02% while the U.S.A. financial markets represented by S&P 500 and NASDAQ 100 indices have increased by 9.06% and 6.69% respectively.
🔳 Similarly, in the past one month (as on 12-04-21), the Indian financial markets represented by BSE SENSEX index has declined by 5.51% while the U.S.A. financial markets represented by S&P 500 and NASDAQ 100 indices have increased by 4.79% and 6.53% respectively.
🔳 The U.S. dollar has also appreciated against the Indian Rupee by 3.69% in the past one month (as on 12-04-21) and by 3% in the past three months.
🔳 The cases of Covid-19 and deaths on account of that are scaling new heights in India every day, making it the second-worst hit country in the global pandemic. As compared to that, in the U.S.A., with the fast and successful vaccination drive, the country is moving towards a reopening mode. Moreover, the infrastructure stimulus packages are set to give further boost to the economy.
🔳 Indian Stock Market is definitely a promising one, but it is always worthwhile to become a global investor to avoid single country & single currency risks.
➡️ To invest in U.S. markets, visit our platform:
https://ashutoshfinserv.vested.co.in/
➡️ The detailed explanation can be obtained from the presentation in the PDF file available in the following link or the YouTube video links stated below:
https://www.ashutoshfinserv.com/wp-content/uploads/2021/04/Investment-in-Foreign-Equity-Presentation.pdf
Link of English language explanatory video:
https://www.youtube.com/watch?v=C8CODuUfA5E
Link of Gujarati language explanatory video:
https://www.youtube.com/watch?v=wqDLOQwZC0A
For any further details,
Contact us:
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Catch Them Young – Investment In Promising Unlisted Stocks Before Ipo

Presentation on “ᑕᗩTᑕᕼ TᕼEᗰ YOᑌᑎG – INVESTMENT​ IN PROMISING UNLISTED STOCKS​ BEFORE IPO” is now on our YouTube Channel “AshutoshFinserv”
We are sharing the YouTube link of the presentation on” ᑕᗩTᑕᕼ TᕼEᗰ YOᑌᑎG – INVESTMENT​ IN PROMISING UNLISTED STOCKS​ BEFORE IPO”
In this video, you will find the complete analysis on….
➡️ Why should we invest in unlisted stocks?
➡️ How to invest in unlisted stocks?
➡️ Which unlisted stocks to invest in?
➡️ Regulatory & Tax aspects of investing in unlisted stocks
Please find the YouTube links of an informative and comprehensive presentation delivered on the subject in both English & Gujarati language.
Video in English Language: https://www.youtube.com/watch?v=-n3CY-xdrHA
Video in Gujarati Language: https://www.youtube.com/watch?v=8nGYA2tAT84
You can also download PDF file of Presentation by clicking on below mentioned link:
https://www.ashutoshfinserv.com/wp-content/uploads/2021/03/CTY.pdf
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