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What is the right way to invest in mutual funds? How will you benefit from starting investment in mutual funds early? How is compounding beneficial in SIP?

The financial year 2020-21 will end on March 31 and a new fiscal year will begin from April 1. Many rules related to income tax are set to change.
From 1 April, a pre-filled ITR form will be made available to individual taxpayers. The move aims to simplify the process of filing income tax returns.
Section 194 Q has recently been added to the tax rules. It is related to the tax on pre-purchase price of goods. Under this rule, TDS of 0.10% will be deducted on business purchases above Rs 50 lakh.
In FY2020-21, bank credit grew 5.56% and deposits by 11.4%.
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Published: March 30, 2021, 17:27 IST

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