Equity-heavy portfolios can deliver strong long-term returns, but investors must be prepared for sharp drawdowns and long periods of weak performance. A diversified mix of equity, fixed income and gold can make the journey smoother.

ITAT Delhi has ruled that taxpayers cannot be denied TDS credit if their deductor fails to deposit the deducted tax with the government. Section 205 protects taxpayers from double taxation by placing the liability for recovery squarely on the defaulting…