Reliance MF unveils Fixed Horizon Fund-XIX-Series 6

Reliance Mutual Fund new issue closes on 22nd June

Reliance Mutual Fund has launched Reliance Fixed Horizon Fund-XIX-Series 6, a close-ended income scheme.

The investment objective of the scheme is to generate regular returns and growth of capital by investing in government securities and other fixed income/debt securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility. The tenor of the plan is 263 days.

The new issue closes on 22nd June. The minimum investment amount is Rs5,000.

Crisil Short Term Bond Fund    Index is the benchmark index. Amit Tripathi is the fund manager.

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DSP BlackRock MF unveils 12 months fixed maturity plan

DSP BlackRock Mutual Fund new issue closes on 28th June

DSP BlackRock Mutual Fund has launched DSP BlackRock FMP-12M-Series 24, a close-ended income scheme.

The investment objective of the scheme is to generate returns and capital appreciation by investing in a portfolio of debt and money market securities. The scheme will invest only in such securities which mature on or before the date of maturity of the schemes. The tenure of the plan is 12 months.

The new issue closes on 28th June. The minimum investment amount is Rs5,000.

CRISIL Short Term Bond Fund Index is the benchmark index. Dhawal Dalal is the fund manager.

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Online filing of income tax returns jumps 80% in India

Online filing is projected to zoom to 7.5 crore in five years, according to an online service portal

Online filing of tax returns in India jumped 80% to 91.57 lakh in 2010-11 and is projected to zoom to 7.5 crore in five years, according to an online service portal.

SNK ETax Solutions chairman Sanjay N Kapadiaa said in 2010-11, the number of tax returns filed was 4.1 crore, compared to 3.40 crore in the previous fiscal.

Online tax filing in 2010-11 was 91.57 lakh, compared to 51.06 lakh in 2009-10.

"With the acceptance of digitisation across India, SNK ETax has estimated that tax filing will be doubled to 10 crore in the year 2015-16, out of which more than 7.5 crore will be filed online," Kapadiaa told a news conference.

SNK ETax Solutions Ltd, a company offering solutions to companies and individuals on taxation, corporate laws and assurance services, today announced the launch of Taxsum.Com, a tax filing portal that caters to all categories of tax filing audiences.

The company said the portal is compatible to file taxes in categories ranging from ITR 1 to ITR 6, offering a multi-language, user-friendly experience and a complete solution for computing and filing tax returns online.

"Taxsum.Com becomes India's only tax returns filing portal offering browser-based digital signatures and enabling filing of ITR-1 through mobile phones," Kapadiaa said. Online filing of IT returns would be charged Rs189, he said.

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COMMENTS

Govind Gopal Shanbhag

5 years ago

Suresh Jee - For ass year 2010-11 I had filed itreturn correctly calculating and claiming refund of Rs,.24,227/-. However I have received refund of just Rs.2,810/-. On enquiry with my CA, he states it is possible various tds deducted by bank may not have been accounted by tax authorities. I am senior citizen as per recent budget announcement. Will anybody guide how to go and get correct calculations from income tax authorities.

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