Page 2 - Financial Savings
Income Tax dept adds new features in 26AS Form to help taxpayers
The new variant of 26AS Form will have taxpayers' details as specified statements of financial transactions (SFTs) in various categories
 "Income Tax dept adds new features in 26AS Form to help taxpayers")
Diversify your investments beyond bank FDs to counter declining rates
Invest in a mix of small savings products, debt funds with quality portfolios to counter declining rates
 "Diversify your investments beyond bank FDs to counter declining rates")
Claiming advance EPF is easy, but withdraw it only if you are in dire need
There is no income-tax on the advance, but withdraw only in dire need
 "Claiming advance EPF is easy, but withdraw it only if you are in dire need")
Letter to BS: Improve financial literacy to overcome economic crisis
Times of crisis force us to acknowledge its importance
 "Letter to BS: Improve financial literacy to overcome economic crisis")
Sebi hiring agency to study millennials' savings, investment behaviour
Also, Sebi will study the perception of this new generation about market integrity and transparency
 "Sebi hiring agency to study millennials' savings, investment behaviour")
Letters to BS: Incentivising savings could be a win-win for govt
An increase in the Public Provident Fund limit by Rs 1 lakh to Rs 2.5 lakh for individual households under 80C will lead to additional savings of more than Rs 2 trillion
 "Letters to BS: Incentivising savings could be a win-win for govt")
Reader's corner: How to divide jointly-held shares at the time of divorce?
It would be best for both of you if you can complete the distribution of assets amongst yourselves amicably, says financial planner Kartik Jhaveri
 "Reader's corner: How to divide jointly-held shares at the time of divorce?")
Diversify your emergency funds, redeem mutual funds when hit by bank glitch
Park them in several instruments; have three to six months' expenses kept aside as emergency fund
 "Diversify your emergency funds, redeem mutual funds when hit by bank glitch")
Why you should be saving aggressively if you have a travelling job
But today a significant number of individuals have jobs that involve managing global teams and it may take a toll on your health and savings
 "Why you should be saving aggressively if you have a travelling job")
Life insurance: Don't depend blindly on the agent, look at your needs
Ensure that you have a life and medical policy in place. This will safeguard your family against any eventuality and cover liabilities
 "Life insurance: Don't depend blindly on the agent, look at your needs")
Are financial savings under-reported?
If the real repo rate, the term premium and credit spread were to normalise, borrowing rates could fall by more than 2 percentage points
 "Are financial savings under-reported?")
