Literally new to the market, VIP is available only with Benchmark MF.
The TDS collections account for 40 per cent of the total taxes collected in the country.
Even the conventional banking industry is no exception to this new trend.
How about analyzing the right tax saving product for you? Want to know how? Read on. To begin with ask yourself these two questions: your risk tolerance level and what stage in life you are in. But why should you do it in the first place?
One needs to wait for Budget 2010 to see how the best brains in the country are planning to face the immense economic and budgetary issues facing them.
Individuals who lent money on interest have played a major role in structuring our current banking system.
The tightening of the rules related to gift tax will curb money laundering to a great extent. However it does protect genuine gifts from relatives and loved ones. Several guises used earlier to cover up transactions as gifts are now taxable.
With the Union Budget barely a month away, various industry bodies see this as an opportunity to draw Finance Minister Pranab Mukherjee's attention to their sectors and put forth their demands so that he can address these issues in the forthcoming Budget.
There are no sops announced in a vote on account and there is no talk about generating income through taxes. A budget on the other hand is a full annual budget and will include the report card for the last year, income and expenses to be made in the next financial year through taxes and welfare measures and also any sector wise sops.
Go for a term insurance if you are an unmarried individual. A simple whole life insurance would best suit a 40-plus married person with two grown up kids while the same with a term rider would be best for a married person less than 40 years with two kids!
While year 2009 did not see any large merger in the FMCG space, one deal which did hit the headlines was the Kraft Foods (Kraft) bid to acquire Cadbury. While the final deal is yet to be signed, it would consolidate the global FMCG sector.
NRIs cannot claim tax benefits on home loans in India as they have to pay tax in the nation where they work and earn. However, they need to file tax returns to become eligible for home loans. But if they pay tax in India for income earned in India, they can claim tax rebate for the home loan.
Experts are divided whether investing in international funds would prove to be as beneficial as they did last year. But if you are a staunch believer in the resilience of Indian markets and economy you could simply stay at home. All in all, if you choose to cross the border to invest, do it with care and expert guidance.
If saving taxes is a cause for concern, filing tax returns is an equally worrying thing for most taxpayers. Thanks to the complex system of tax filing, with its various forms and exclusions that invariably change every financial year, taxpayers are left in the lurch! Here's a simple ready reckoner that takes you through the steps to file tax.
Understanding the basics of a sale deed can help you stay protected from getting duped. Let us see the basics of a sale deed, its importance, how it is prepared, what does it contain and how does it work! Read on . . .
The Reserve Bank of India will announce the third quarter review of its Monetary and Credit Policy on January 29.
Managing money is something that most Indian parents are not very comfortable teaching.
A look into the legal rights of the mortgagor or any encumbrancer during the mortgage and more importantly after pay up of the mortgage money.
The biggest advantage is that choosing the right flexible repayment option would reduce your EMI load.
The point is not how to predict the markets, which no one can actually do, but how to keep ourselves prepared for unforeseen losses.
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