I saw a series of advertisements by Department of Income tax in newspapers making people aware of “How Income Tax department can catch you – if you are doing some high value transactions and don’t declare it.” I guess IT department is going hi-tech and hope they are doing good analytics to get hold of [...]
In a recent notification by RBI has called all banks to follow a common method of calculating what constitutes the Home Value. Till now banks used to add stamp duty, registration and other documentation charges to arrive to the final value of your home and then used to sanction 80% – 90% of the same as [...]
If you still looking for investing in Infrastructure Bonds for saving income tax in February 2012, you have option from five companies. IFCI Rural Electrification Corporation L&T Infrastructure Finance Company Infrastructure Development Finance Company (IDFC) SREI Infrastructure Finance Just in case you missed it, an investment in infrastructure bonds under Section 80CCF is an additional window [...]
With more than 1000 Mutual Funds, how do you select the best Mutual Funds for you? Ask the experts! Mint newspaper comes out with a list of 50 Mutual Funds every year. Below is the list of Mutual Funds for 2012 (Mint50) along with the reasons for recommendation. Equity – LargeCap DSP BlackRock – Top [...]
SBI recently advertised how the fixed deposits offered by SBI under Section 80C helps you save tax and the effective yield. But this is pre tax return. The interest you get is taxable in case of above deposits. Since they have assumed tax bracket of 30%, your post tax yield would come to 14.15% (from [...]
I saw a series of advertisements by Department of Income tax in newspapers making people aware of “How Income Tax department can catch you – if you are doing some high value transactions and don’t declare it.” I guess IT department is going hi-tech and hope they are doing good analytics to get hold of [...]
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In a recent notification by RBI has called all banks to follow a common method of calculating what constitutes the Home Value. Till now banks used to add stamp duty, registration and other documentation charges to arrive to the final value of your home and then used to sanction 80% – 90% of the same as [...]
Full Story »
If you still looking for investing in Infrastructure Bonds for saving income tax in February 2012, you have option from five companies. IFCI Rural Electrification Corporation L&T Infrastructure Finance Company Infrastructure Development Finance Company (IDFC) SREI Infrastructure Finance Just in case you missed it, an investment in infrastructure bonds under Section 80CCF is an additional window [...]
Full Story »
With more than 1000 Mutual Funds, how do you select the best Mutual Funds for you? Ask the experts! Mint newspaper comes out with a list of 50 Mutual Funds every year. Below is the list of Mutual Funds for 2012 (Mint50) along with the reasons for recommendation. Equity – LargeCap DSP BlackRock – Top [...]
Full Story »
SBI recently advertised how the fixed deposits offered by SBI under Section 80C helps you save tax and the effective yield. But this is pre tax return. The interest you get is taxable in case of above deposits. Since they have assumed tax bracket of 30%, your post tax yield would come to 14.15% (from [...]
Full Story »
From October 2011 Reserve Bank of India (RBI) freed the interest rates offered by banks on Savings Bank Account. Since then the competiitoin has intensified with Yes Bank leading the pack. Its offering a rate of 7% per annum on saving bank accounts for deplosits above 1 Lakh and 6% for deposits below 1 Lakh. [...]
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Bajaj Allianz Guaranteed Maturity Insurance Plan: It is a single-premium unit-linked insurance plan (Ulip) that promises a maturity corpus of at least twice the premium paid. It also provides an insurance cover during the term. The minimum premium under this plan is Rs 5,000, which is also the cost of one guaranteed maturity certificate. Under [...]
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SBI had today advertised its fixed deposit rates for different tenures in all leading dailies.
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In December, the Central Board of Direct Taxes (CBDT) made it compulsory for anyone paying more than Rs. 1,80,000 rent per annum to provide rent receipts along with their landlord’s PAN number for claiming HRA exemption. But as this is a recent notification and most people only came to know about the same once the [...]
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If you have still not invested in Infrastructure Bond for FY 2011 – 12, you are further spoiled for choice. SERI is latest entrant offering 8.9% – 9.15% interest per annum. The table below gives the details of the issue: Face Value Rs. 1,000/- per bond Minimum Application Rs. 1,000/- (i.e. 1 Bond) Issue Schedule [...]
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Below is the traing holidays for NSE (National Stock Exchange) & BSE (Bombay Stock Exchange) in 2012: Date Day Description 26-Jan-12 Thursday Republic Day 20-Feb-12 Monday Mahashivratri 08-Mar-12 Thursday Holi 05-Apr-12 Thursday Mahavir Jayanti 06-Apr-12 Friday Good Friday 01-May-12 Tuesday May Day 15-Aug-12 Wednesday Independence Day 20-Aug-12 Monday Ramzan Id 19-Sep-12 Wednesday Ganesh Chaturthi 02-Oct-12 [...]
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Dominos Coupon Code: LSM04 Buy one and get one free pizza Download and print and offer offline. Valid till August 31, 2012
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