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ALL DEALS 
August 13, 2016 STCG on sale of listed shares will be taxed at flat 15%
iStockPhoto My brother gifted me some equity shares, which he had bought. I now want to sell these shares. Will I be taxed? —Kavita Jha If an individual receives any property (other than immovable property), from any person during a financial year (FY) without consideration, the fair market value (FMV) of which exceeds Rs.50,000, then […]
ALL DEALS August 13, 2016 LTCG on Indian equity shares are tax exempt
iStockPhoto I want to sell my house in Bengaluru, India, and reinvest it by buying a house in the UK where I live. How will I be taxed? —Kumarika Singh Sale of property situated in India will be taxable in the same year. An immovable property held for more than 36 months is classified as […]
ALL DEALS August 13, 2016 Make allocation to ELSS funds based on tax saving requirement
iStockPhoto I am 24 years old and planning to make an 80:20 allocation between equity and debt to build my mutual fund (MF) portfolio. By the end of the year, I want to have a portfolio with 34% in equity-linked savings schemes (ELSS), 46% in equity and 20% in debt. For ELSS, I am investing […]
ALL DEALS August 13, 2016 MF redemption process takes 1-3 days based on type of fund
iStockPhoto I have lost a lot of money in stock trading in the past and so I am sceptical of mutual funds (MFs). How do I invest in MFs but still keep the risk at bay? I have a goal of my 5-year-old daughter’s higher education. —Prakash Anthony For a regular investor, MFs offer two […]
ALL DEALS August 13, 2016 On return to India, inform bank of changed residential status
iStockPhoto I am 60 plus, and am returning to India after staying in the Gulf for 20 years. I have non-resident external (NRE) and foreign currency non-residential (FCNR) deposits, which mature at different times up to 2020. Considering that my status after return is resident not ordinarily resident (RONR) during the first 2 years (minimum), […]
ELECTRONICS August 12, 2016 LG Says Q1 Operating Profit Likely to Rise on Falling TV Panel Prices
South Korean tech firm LG Electronics Inc said on Monday its first-quarter operating profit likely rose 66 percent from a year earlier, easily beating expectations and pointing to an earnings boost from healthy appliance sales and falling television panel prices. LG Electronics said in a regulatory filing it expects a January-March profit of KRW 505 […]
ELECTRONICS August 12, 2016 Bring in Your Unwanted Electronics, Get Rs. 1,000 Off on Accessories at Apple Resellers
Apple Premium Resellers (APRS) are offering consumers a chance to recycle their unwanted electronics and in exchange get discounts on the purchase of accessories. The new offer is part of a bigger Apple initiative for Earth Day – which is this Friday – in India and across the world. The offer is available from APRs […]
ELECTRONICS August 11, 2016 LeEco Set to Enter Indian Television Market on Thursday
HIGHLIGHTS LeEco just last month announced it was buying TV maker Vizio The company is known for its value-for-money smart TVs The Chinese firm has already launched content services in India Chinese electronics and content company LeEco has sent invites for a launch event in New Delhi on Thursday, where it is expected to unveil […]
CLOTHING August 9, 2016 Adidas Seeks Buyer For Golf Business To Focus On Shoes, Clothing
Berlin: Adidas said it would aim to sell its loss-making golf business to focus on shoes and clothing, after its core Adidas brand reported strong quarterly sales, particularly in the United States. The German sportswear firm, which launched a review of its golf unit last August, said on Wednesday it had decided to focus on […]
NEWS August 9, 2016 JCPenney CEO Says Company’s Future Will Depend Less On Apparel
New York: JCPenney has always been the go to place where Americans shopped for affordable clothing for their family. But the Plano, Texas-based department store chain announced on Friday that it must reduce its dependency on clothing and follow where the shoppers are spending their money: services and other products like appliances. While part of […]
NEWS August 8, 2016 Ola gets notice from Karnataka govt on complaints over peak hour charges
On 1 June, the state transport department gave an undertaking to court not to impound Ola. Photo: Mint Bengaluru: Barely a month after cab aggregator Ola received a permit under the Karnataka On-demand Transportation Technology Aggregators Rules 2016, the state transport department has issued a show cause notice to the company over complaints of charging […]
COMPUTERS August 7, 2016 Adobe Creative Cloud Bug Can Delete Files on OS X Computers
A recently released update to Adobe Creative Cloud (v3.5.0.206) has been found to be incorrectly deleting files from OS X-based computers. Adobe has acknowledged the issue, and pulled the update. Backblaze, a cloud storage service provider wrote last week that a bug in Adobe Creative Cloud’s update was deleting files the “top-most” directory in the […]
