The tax season is here again. It’s time to dust up your older investment files, call your tax consultant to quantify the tax-saving investments to be made and decide where you wish to invest this year. Instead of conducting a meticulous exercise, however, most people simply jump at the first product pushed by their neighbour, [...]
It is time to start working on your tax savings. With just 2 months away from March 31, it is time to execute some action. Infrastructure bonds are gaining popularity as a tax saving instrument because of the recently introduced tax benefit under 80CCF. Under this Section of the Income Tax Act, an investor can [...]
Most of you must be recovering from the excesses of festivities. It is, therefore, hardly time to discuss tax planning. However, the trouble is that your employer would ask for your final tax-planning details in less than a month. If you want to avoid the last-minute rush, it is time to start giving final touches [...]
‘A friend in need is a friend in deed’ goes the age-old saying. Many of us believe this notion when a friend asks for help. But in today’s day and age, what one doesn’t realise is that these ideas have to be taken with a grain of salt, especially when it comes to financial transactions. [...]
What are tax-saving infrastructure bonds ? These are special bonds issued by institutions such as Industrial Finance Corporation of India (IFCI), Infrastructure Development Finance Corporation (IDFC) and any non-banking financial company, also called infrastructure finance company by the Reserve Bank of India. In financial year 2010-11, the likes of Larsen & Toubro (L&T), India Infrastructure [...]
Home loan borrowers are entitled to tax benefits under Section 80C and Section 24 of the Income Tax Act. These can be claimed by the property’s owner. In the case of co-owners, all are entitled to tax benefits provided they are co-borrowers for the home loan too. The limit applies to each co-owner. A co-owner, [...]
You need a depository account to trade in stocks. When you buy shares, a broker transfers the shares to your depository account. And when you sell shares you transfer them to the brokers depository account. Investors keep shares in the electronic form in two depositories – the Central Depository Services Limited ( CDSL) or National [...]
Who should file returns? If you are an NRI, you would have to file your income tax returns for 2010-2011 if you fulfil either of these conditions: Your taxable income in India during the year 2010-2011 was above the basic exemption limit of Rs 1.6 lakh OR You have earned short-term or long-term capital gains [...]
Till late last year, buying a property seemed wise decision. Prices were increasing every month and interest rates were low. Now, nine months later, the outlook of those on the lookout for a property has changed significantly. The giddy price rise that characterised the real estate markets in the middle of 2010 has now given [...]
Gold’s record-breaking spree, which continued for the second day on Wednesday , is unlikely to deter rich investors or so-called high net worth individuals (HNIs) from buying the metal in physical form, market experts feel. The metal hit a record high of Rs 24,593 a tola (10 gm) in Mumbai’s grey market in noon trade [...]
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