Sunday, February 15, 2009

Income tax refunds

Income tax now has a website which boasts of frequent updates. Infact this is a very good site. Last year I tried to file my tax returns using this site but it didnt allow me to create an account as well. Actually it has a way to file tax returns online but doesnt work. Anyway, now it says that tax refunds that are undelivered can be accessed though their website link given below.
http://www.incometaxindia.gov.in/CCIT/refundsearch
Dont know if it works though. If you find it working let me know.

sites to track stock market

So what are the best sites to track the indian stock market on the net.

To track my stocks I prefer to use rediff's stock watch. The page loads really fast even though the stock updates are a little slower than other sites. The only reason that I like this site is that it loads very fast. You can create your own portfolio and create a market watch etc and for beginners can play share bazaar game before entering the stock market.

For stock market news moneycontrol is the best. The news updates are good. Even small news are updated very quickly and accurately on this site. The stock market recommendations are also good. This site loads very slowly which is a pain.

Best shares to invest

During the times of recession which is the best stock to invest.

According to me the best industry would be banking or finance. These industries are at their all time lows. So it would be the best time to invest in these now. There are other sectors like the real estate or textile industries which have been batter to their all time lows, but expecting them to give good returns in the near future would be almost impossible. Infact, many of the companies in these two sectors are about to shut down. So better to stay away from these.

Looking at the stability of the companies I like SBI. There are couple of others like ICICI which I would like to avoid even though there are of the same sector. Nationalized banks are always a safe bet. In the finance sector reliance capital seems a safe bet mainly because it has reliance name associated with it ;).

Surely this is not a time to go for penny stocks. So dont go for small stocks even though it may give good returns. If you have an appetite for high risk go for it. My bet on small stocks goes to Arvind Mills and Ispat industries.