Blog

Best performing stocks – 1 Lakh to 10 Lakh in 1 year

Stock Market

-

February 16, 2017

Best performing stocks – 1 Lakh to 10 Lakh in 1 year

Imagine making 10 Lakh from 1 Lakh in one year by doing stock market investment. Seems challenging and impossible right. However, it is possible if you invest your money in the best-performing stocks. Best performing stocks are multibagger stocks that can make you wealthy in short period of time. In this post, I will share information about 5 multibagger best performing stocks that has given up to 905 % return in last one year. In addition to that, I will also share details of future multibagger stocks.

5 Multibagger Best performing stocks

K M Sugar

K M Sugar has given bumper return to the investor in last one year. Last year stock price of K M Sugar was around Rs.4 and it has reached to Rs.37 in Feb 2017. Investment of 1 Lakh in K M Sugar before one year is grown to 10 Lakh by today. In terms of return, stock has given 905% return. K M Sugar is sugar sector stock. All sugar sector stocks are performing extremely well this year and K M Sugar has turned out to be multibagger stock this year.

Star Paper

Star Paper is star stock in paper segment. In last one year, this stock has given 700% return. Investment of 1 Lakh in Star Paper before one year is grown to 8 Lakh by today. This stock is least affected stock by demonetization. Going forward profit margin of paper product will increase which will be beneficial to star paper.

Also Read – 10 Multibagger Stocks of Jhunjhunwala,Dolly Khanna and Porinju

Indian Metals

Indian Metals is next multibagger best performing stock in the line. Indian Metals deals in Ferro Alloys. The profit margin of this stock has jumped multifold in last quarter. Investment of 1 Lakh in Indian Metals before one year is grown to 6.3 Lakh by today. Indian Metals is expected to perform better in the future also.

Upper Ganges Sugar

Upper Ganges Sugar is sugar stock. This stock is next multibagger best performing stock. Upper Ganges Sugar has given 532% return to the investor last year. Investment of 1 Lakh in Upper Ganges Sugar before one year is grown to 6.3 Lakh by today. Upper Ganges Sugar has come out of the losses and started making profits.

Prime Securities

Prime Securities is leading Investment banking and corporate advisory service provider. Prime Securities is one of the best performing stocks. Prime Securities has given 523% return to the investor in last one year. Prime Securities is a small company but expected to give good return in future.

Some of the future multibagger stocks could be Shilpi Cables, Minda Industries, Somany Ceramics & Ahluwalia Contracts.

Over to you –

What is your call on above multibagger best performing stocks?

Do you carry these stocks in your portfolio?

Do you think that these stocks will outperform in future also?

Do share your valuable comments and suggestion in the comment section.

New Unified EPF UAN Portal – Download UAN card and Passbook

Personal Finance

Shitanshu Kapadia

-

January 22, 2017

0

New Unified EPF UAN Portal – Download UAN card and Passbook

EPFO has launched new unified UAN portal for Employees and EPF employers. This unified UAN portal will help you to check your EPF balance, download your UAN card and passbook. In addition to that, you can also check and update KYC status. In this post, we will go through key feature and usage of New Unified EPF UAN Portal.

New Unified EPF UAN Portal – Key Features

Key Features of New Unified EPF UAN Portal are given below.

Download and Print EPF Passbook anytime
Print UAN Card
Update and check your KYC Status
Change your Mobile Number and E-mail ID

Step by step process to check EPF balance and download EPF passbook / UAN Card is given below.

Also Read – E-nomination facility by EPFO on Unified Member Portal

Go to new unified UAN portal on https://unifiedportal-mem.epfindia.gov.in/memberinterface/ and login to Site using UAN number and password. First time user can also activate UAN by means of using this website. Once you login to UAN portal you will a see the clean interface and easy to navigate menu items. The link related to action items like “View Passbook”, “UAN Card” and “Account setting” will be available on front page only. At right-hand side, you will see member profile.

Download and Print EPF Passbook

Click on View passbook link.
You will be diverted to page for Member Passbook Download.
On clicking on Download Passbook link you will be able to see your EPF passbook.
Passbook will show all information like deposit, withdrawal and pension contribution.
Sample screen shot from EPF Passbook is shown below.

Print UAN Card

Click on UAN Card.
You will be able to see UAN Card.
You can download your UAN card by clicking on Download button (Top right side).

Also Read – Transfer EPF Online using EPF Unified Member Portal

The front portion of UAN card contains information like UAN Number, Name of Employee, Father or Husband name, and KYC Status. The back side of UAN card will display QR code which contains information about your account.

KYC Status

In order to see and modify your KYC detail click on Manage >> KYC link.
You will be diverted to a page where you can see pending and approved KYC status.
If your KYC is approved no need to do anything. However, if you want you can add KYC detail like Bank account detail, PAN card number, Passport, Driving license or election card details.
Once you add these details are added you will able to see it in pending KYC section.

Hope New Unified UAN portal will help you in knowing and updating your PF information.

TDS on Rent Income – Demystifying Tax rules

Incometax

Shitanshu Kapadia

-

January 16, 2017

0

TDS on Rent Income – Demystifying Tax rules

TDS on Rent is deducted under what condition? My father is a senior citizen, he has income from pension and rental income from the property. His annual income from rented property is above 1.8 Lac, a tenant is deducting 10% TDS on rent under section 194I. Is it correct? This query was posted on my e-mail address. My answer to the query is TDS is not applicable in above case as a father is not eligible for tax audit under section 44AB. There are many people who get confused when it comes to TDS on rent. So, today let’s demystify TDS on rent and applicable rules.

TDS on Rent Income – Rules

TDS on Rent is applicable only if total rent amount exceeds 1.8 Lakh per annum. The limit of 1.8 Lakh per annum is per taxpayer.

The rate of TDS is either @10% or @2%, which is based on the type of asset given on rent. In the case of land, car or property is given on rent 10% TDS is applicable. However, if plant or machinery is given on rent 2% TDS is applicable.

Rate of Tax Deduction

In case any advance rent is paid by the tenant, it is subject to tax deduction.
Any service charges payable is covered under definition of rent and TDS is applicable on the same.
No TDS is applicable if the property is given on rent to individual for the residential purpose.
No TDS is applicable if the property is given on rent to individual for commercial purpose and total business turnover of the person is less than 1 Cr per year.
In case the landlord collects any advance payment as a deposit which will be refunded at the time of vacating the property. No TDS is applicable on such deposit amount.
TDS on rent is not required if the amounts paid or payable by an individual or Hindu Undivided Family. (HUF).
There is no requirement to deduct income-tax at source on income by way of ‘rent’ if the payee is the governmental agency.

Also Read – How to pay TDS on sale of property?

Time Limit by when tax to be deposited

Once a tax is deducted you need to deposit the tax amount on or before 7 days from the end of the month in which the deduction is made. It is compulsory to issue TDS certificate on a quarterly basis for tax deducted on rent. This certificate is issued as From 16A.

Other Points –

TAN number is necessary in order to deduct Tax.
If Nil Tax is applicable on the income of the person receiving rent, he/she can file Form 15G/15H for no deduction of TDS.
If the receiver of rent is unable to produce PAN card. TDS is required to be deducted @20%.
No education Cess is applicable on TDS on Rent.
No surcharge is applicable on TDS amount, except rent is paid to a foreign country and amount of rent is exceeding 1 Cr.
If municipality tax is paid by the tenant, no tax would be deducted from such amount.

I hope that I was able to clarify your doubts about TDS on rent. If you have any further queries on the subject feel free to post it in the comment section.

20 Profitable Small Business Industries Ideas

Business Ideas

Shitanshu Kapadia

-

January 4, 2017

0

A simple reason for starting a business is to earn a profit. So, which are the most profitable small business industries in India? What makes business ideas profitable? These are some common queries bugging up every aspiring businessman. So, let’s try to get answers to these queries. Some of the most profitable small business industries are real estate, food processing, clothes, chemical, and agrochemical. Apart from this household-based customized products are also in high demand. If you have capital and passion for starting a business here is a list of 20 Profitable small business industry ideas.

20 Profitable Small Business Industries Ideas

Manufacturing Small Business Industries

(1) Designer Cloth Manufacturing

Embark on the journey of designer cloth manufacturing, tapping into the evergreen demand for unique fashion. With low capital investment and the flexibility of a part-time home-based venture, expect a generous 30-40% profit margin.

(2) The welding Unit

Establish a welding unit specializing in the fabrication of iron and steel products. From window grills to customized orders, this business can kick off from a small shop, offering a lucrative niche in the market.

(3) Wood Working

Venture into woodworking or furniture making, where craftsmanship meets profitability. Customize wooden products based on demand, commencing this business with a small shop and modest startup capital.

Also Read – 40 SMALL BUSINESS IDEAS

(4) Package Drinking Water

Tap into the rising demand for pure drinking water by initiating a package drinking water supply business. While substantial investment is required for water filtering and packaging plants, the health-conscious market ensures a successful venture.

(5) Plastic Product Manufacturing

Explore the low-cost, high-demand realm of plastic product manufacturing. From mugs to water storage containers, the market for these products is vast. Success in this business hinges on effective sales and marketing strategies.

(6) Jewelry Production & sale

Delve into the intricate world of jewelry production and sale. While expertise and training are essential, the high-profit margins make it a worthwhile venture. The beauty of this business is that it can be initiated from the comfort of your home.

Food Based Small Business Industries

(7) Restaurant

Embark on the restaurant business, a highly profitable venture dependent on location and the quality of food served. Offering tasty fare at reasonable prices can establish dominance in the market.

(8) Snacks Making

Cater to the modern preference for ready-made snacks with a snacks-making business. Starting from home or a small shop, this venture promises profitability in the snack-loving market.

(9) Rice Mill

Enter the lucrative domain of rice milling, addressing the substantial demand for rice in India and abroad. Although approvals and machinery installation are prerequisites, the profitability of this food processing business is substantial.

Also Read – Small Investment Business Ideas from Rs. 5000 to 5 Lac

(10) Oil Mill

Explore the edible oil mill business, producing oil from items like peanuts, olives, and fruits. Acquiring oil milling machinery is crucial for this venture, presenting a profitable opportunity within the food processing sector.

(11) Dairy

Embark on the production and sale of milk-related products, meeting the perennial demand for dairy items. This small and profitable business can be initiated with a modest shop and capital.

Home Based Small Business Industries

(12) Customize Gift Making

Unleash your creativity with a home-based customized gift-making business. In a world where gifts are integral to celebrations, this venture offers a successful and personalized touch. Commence this business from the comfort of your home.

(13) Chocolate Making

Embark on a home-based chocolate-making business, tapping into the high consumption of chocolate in India. With low initial investment, this venture promises sweet success from the confines of your home.

Real Estate related Small Business Industries

(14) Real Estate Agent or Broker

Explore the unorganized sector of real estate by becoming an agent or broker. This zero-investment business idea boasts significant profits and is open to anyone willing to navigate the real estate market.

(15) Interior Designer

Leverage creativity and skills by entering the realm of interior design. This real estate-related small business can be initiated from home, promising substantial returns in the world of aesthetic transformations.

Service-related Small Business Industries

(16) Recruitment Firm

Initiate a recruitment firm, addressing the increasing demand for job placements. With a small office space and a network of contacts, tap into the employment market, offering services for which students and professionals are willing to pay commissions or fees.

(17) Smart Phone Sale and Repair

Seize the booming mobile phone business by offering smartphone sales and repair services. This venture requires both skill and capital but promises substantial returns in a world where smartphones are ubiquitous.

(18) Automotive equipment leasing

Invest in automotive equipment like luxurious cars and offer them on rent. This business idea, requiring capital, opens the door to significant profits by catering to the demand for high-end vehicles.

Others Small Business Industries

(19) Commercial and Industrial Machinery Equipment Rental

Explore the massive capital-intensive business of renting commercial and industrial machinery equipment. While the initial investment is substantial, the potential for massive long-term profits makes it a compelling business idea.

Also Read – 40 Small Town Business Ideas with low Investments

(20) Consultancy & Sub Contracting

Capitalize on domain expertise, skills, and manpower by delving into consultancy and subcontracting. Big companies are willing to pay handsomely for top-notch consultants and contractors, making this business idea lucrative for those with the right skills.

In conclusion, the mentioned business ideas are tried, tested, and proven to be successful. If there’s a profitable business idea you think we’ve missed, share it in the comments section. Additionally, feel free to share your thoughts on these business ideas and pass on the knowledge to your friends and colleagues on Facebook and Twitter. Your journey to entrepreneurial success begins with the right idea and execution!