The Union Budget and Finance Bill 2020 has proposed major changes for charitable trusts and institutions. Like thousands of other charitable and religious institutions in India, Parsi trusts and associations (including Panchayats and Anjumans, Agyaris and Atashbahrams which enjoy tax exemptions or offer tax deductions u/s 80G) will also be affected. Once the Bill […]
. The announcement of Budget 2020 was awaited with bated breath, post last years’ Corporate Tax rate cut. The Finance Bill 2020 has proposed several sweeping changes in personal taxation, which will impact individuals, organisations as well as Non-resident assesses. The following are important announcements / proposed changes made this year, which would be of […]
Learning From ‘The Lion King’ Today, I feel like sharing a story with you. I am a big fan of Disney’s runaway hit, ‘The Lion King’. For the unfamiliar, the story goes thus….. Simba, the lion cub, idolizes his father, King Mufasa. But not everyone in the kingdom celebrates the new cub Simba’s arrival. Scar, Mufasa’s […]
Your Net-Work Determines Your New Net-Worth! We live in a new world where systematically building and investing to enhance our ‘Social Capital’ is the only long-term sustainable solution to survive, thrive and prosper. To that end, what a brilliant, powerful and timely idea this ‘Udvada Utsav’ has been …particularly, for a unique community like ours, […]
Man Is The Product Of The Choices He Makes Sharpen your edge, unleash your freedom to choose…men are naturally designed to choose, and their success is defined not by the conditions they face, but by the choices they make, given the conditions. Every individual’s most powerful attribute is his ‘Freedom to Choose’. If you were […]
On 20th September, 2019, the BSE Sensex rose 5.3% or about 1921 points on a single day. As I write this article, it is up again by 2.85% or 1075 points. Effectively, in the past two trading sessions, the share market has gone up by 3000 points or has delivered about 8.5% returns. This two-day […]
The Equity market has been limping over the last two years and investors are getting increasingly apprehensive by the day. Slowdown in consumption and demand has impacted our economy. Credit cycle is moving at a snail’s pace due to the liquidity crisis amongst NBFC’s (Non-banking Finance Companies) and Real Estate slowdown. The recent change in […]
. Recently a client’s son bought a Kawasaki Ninja ZX at ₹ 15 lakhs (Pune registration) – one of the most sought-after Superbikes, with elegant design, Ninja styling, hot looks, lots of safety measures and everything an eighteen to twenty-year-old, bike-enthusiastic dreams of. As Parsis, when we buy a new vehicle, we normally initiate it […]
Nimesh Shah, Managing Director and CEO of ICICI Prudential AMC, shares with PT Readers an insight into Asset Allocation, Investment Patterns and Asset Allocator Funds. ASSET ALLOCATION: The Key Determinant for Portfolio Perfor mance When it comes to creating long term wealth, one of the key factors aiding an investor here is asset allocation. Based […]
As the New Year sets in, most of us engage in the tradition of setting New Year Resolutions. The most popular resolutions tend to be related to getting healthier, getting financially sound, learning a new skill or hobby. It is also right time to forget and to make good the things that have gone wrong […]
There is bad news and good news. The bad news is that there is no good news and the good news is that the bad news won’t last forever. News is flooded with negativism, be it the draconian policies of Donald Trump or the Rupee flirting with an all-time low that has resulted in exodus […]