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Harsha Engineers IPO 2nd Day Subscription Figure Slightly decrease in GMP price. #GMP #IPO @FINNowledgeIPO

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How can you get a better deal on SGBs in the secondary market? The Government issues SGBs as an alternative to physical gold. The face value of these bonds is fixed to the price of gold when they are issued. The Government will pay you whatever the market price of gold is at maturity. And to promote investment in SGBs, if you hold till maturity, you don't have to pay any tax on the capital gains. And the Government will pay you an additional 2.5% interest yearly on the face value. And while it is not backed by physical gold, it comes with a sovereign guarantee. Sweet deal, right? The SGB 2022-23 Series II is open for subscription right now. And if you apply online, you will get a ₹50 discount on the face value. But here's something interesting, buying SGBs from the secondary market might be even better. Why? Due to the low liquidity, you will often find SGBs trading at a discount to the current price of gold. The annual interest is paid on the face value, not your purchase price. So if the issuing price is ₹5000 and you buy in at ₹4850, you still get paid interest on the ₹5000. This means your actual yield would be higher than 2.5%. And additionally, since the redemption will happen at the market price of gold, your actual return in XIRR terms increases from 2.5% to 3.5% So, don't go for primary subscriptions in SGBs. Source - Linkdin Ajinkya Kularni @FINNowledgeIPO - Join for all IPO/Buy Back Details @FINNowledgeTrading - Join for Intraday option trading

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What are the benefits of filing ITR 2021-22 before July 31,2022? Safety from fines and penalties If one fails to file the ITR, the I-T department may impose a fine on the person. A jail term of 3 years to 7 years may also be imposed. Apart from this, while filing the belated ITR, the taxpayer is required to pay Rs 5,000 as a penalty if the per annum income exceeds Rs 5 lakh. The fine is Rs 1,000 if the income is below Rs 5 lakh. Quicker loans If you are seeking a loan, it is mandatory in most banks to produce the ITR. The return helps the bank in ascertaining the applicant's financial status and capacity. If the ITR is readily available, the loans are likely to get processed quickly. Faster visa applications Apart from loans, the ITR is also asked for during the visa application process. The submission of the latest ITR helps in expediting the application process. Safety for freelancers The freelancers do not have access to Form 16. Without it, ITR is the only document which has a legal record of all their transactions. The ITR helps them in steering clear of financial troubles. Whats App for Income Tax Return Query - 9867070431

New tranche of SGB come but don't trap in INR 50 discount Check Fincues.com website for better discount on already trading SGB @FINNowledge @FINNowledgeIPO @FINNowledge Trading

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Home Loan If you can increase your EMI by 10% every year, it cuts your loan repayment tenure by 60%. That 10% can come from a mix of savings & increments. Debt Management can be made better if you are focussed on it. @FINNowledge

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Nifty Small Cap at 2017-18 level