Finkeys Enterprise LLP

  Do you pay taxes? If yes, it is crucial to understand the effects of not linking your Aadhaar number to your PAN card because the Central Board of Direct Taxes has set up repercussions for PAN being inactive in accordance with the recently substituted guideline. Read on…. 1. As per the notification substituting rule 114AAA of the Income-tax Rules, 1962 (the Rules) vide notification no. 15 of 2023 dated March 28, 2023, it is very clear that a person who has neglected to disclose their Aadhaar number may suffer the following repercussions as a result of their PAN being inoperative: A refund of any amount of tax or part thereof, due under the provisions of the Act shall not be made; Interest shall not be payable on such refund for the period, beginning with the date specified under sub-rule (4) of rule 114AAA and ending with the date on which it becomes operative; Where tax deductions are applicable, such tax shall be deducted at a higher rate, in accordance with Section 206AA’s pro...

What are Mutual Funds? In a mutual fund, money from many different investors is pooled and invested in short-term debt instruments like equities and bonds. The portfolio of a mutual fund is all of its investments put together. Shareholders are those who own mutual funds and have purchased shares, which entitle them to a percentage of the fund's assets and earnings. Why to buy Mutual Funds? Mutual funds are one of the best investment instruments to invest into because of the following features which they offer: -  Professional Management : A group of professional fund managers take care of the fund performance based on detailed research. Diversified portfolio : "Don't put all your eggs in one basket," is a classic adage. The mutual fund investment follows the same general principle. Investing in mutual funds across a variety of industries and businesses lowers the chance of losing money even if one business fails. Affordability : For first investments and subsequent pu...