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You are 21 studying but not earning.do i need to file itr if i have mutual funds and fixed deposits on my name?
Wiki User
∙ 13y ago
The answer is YES if your net or total income from the investments more than Rs. 1.6 lacs per year and NO if your net income is less than Rs. 1.6 lacs.
If your income from these investments crosses the above mentioned amount, it is advisable that you apply for a PAN (Permanent Account Number) card and start filing your IT Returns.
Wiki User
∙ 13y ago
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What is a fixed return?
Fixed return means - The returns on our investment are fixed and will not fluctuate. For example, the returns on bank time deposits (fixed deposits) are fixed and will not fluctuate.
Who are the targeted customer for fixed deposit in India?
WHO ARE THE MAJOR TARGET MARKET FOR FIXED DEPOSITS WHO ARE THE MAJOR TARGET MARKET FOR FIXED DEPOSITS Identify the major target market of fixed deposit
Characteristics of fixed deposits?
zukisani75
What are bank's services?
The services offered by banks these days are: * Savings accounts * Current accounts * Fixed deposits * Recurring deposits * Home Loans * Automobile loans * Mortgage loans * Personal loans * Share trading accounts (DEMAT) * Mutual funds * Safety vaults * etc...
What are the different types of fixed deposits?
Fixed deposits come in various types to cater to diverse financial needs: Regular Fixed Deposits: Standard fixed-term deposits with a predetermined interest rate. Senior Citizen Fixed Deposits: Tailored for elderly individuals, offering higher interest rates. Tax-Saving Fixed Deposits: Provide tax benefits under Section 80C of the Income Tax Act. Cumulative Fixed Deposits: Interest is compounded and paid along with the principal at maturity. Non-Cumulative Fixed Deposits: Interest is paid at regular intervals, providing a steady income stream. Special Fixed Deposits: Customized options with unique terms and conditions, often offered by specific banks. Each type serves specific financial objectives, allowing investors to choose based on their preferences and requirements. Shriram Finance offering flexible tenures and returns of up to 9.20%* p.a. (Including 0.50%* p.a. for Senior Citizens and 0.10%* p.a. for Women)
How do you make entries regarding Fixed deposits i n tally 7.2?
How do you make entries regarding Fixed deposits i n tallyRead more: How_do_you_make_entries_regarding_Fixed_deposits_i_n_tally_7.2
What is Accounting entry of interest on fixed deposits?
fixed deposit A/c dr. to int on fixed deposit
Are fixed deposits placed with banks categorised as fixed or current assets?
Fixed deposits placed with banks are considered as current assets. Current assets are always assets that can be liquidated within 1 year. Fixed deposits can be withdrawn at any time, eventhough their placement periods can be longer than a year.
Is fixed deposits is an asset or liabilities?
Liability
What are the types of deposits available in Dubai?
Deposits in Dubai are almost similar to what you can avail in countries across Asia. Fixed deposits, call deposits, recurring deposits and flexible deposits are some of the common types of deposits available in Dubai.
What are the various types of deposits in a private and nationalized bank?
* Savings Account/Checking Account * Current Account * Fixed/Time Deposits * Recurring Deposits
What is the meaning of close end fund of Mutual fund?
A close ended mutual fund is one which does not accept fresh deposits/investments into the mutual fund once it is kicked off/started. Only the set of investors who invested their money in the fund during the IPO period remain investors. The fund manager would have promised his investors a certain kind of performance through the prospectus and would have a specific/fixed timeframe within which he plans to do so. Since he does not have to worry about fresh amount deposits or frequent redemption requests, he would be able to think for the long term and maximise the returns of the mutual fund.
