Students earning stipend in foreign currency need to pay tax, unless they get it as allowance.
For building long-term wealth, financial planners always advise that the systematic investment plans (SIPs) in equity funds is the best way.
If you want to work for the first few years before going for further studies, a part of the corpus can be created through equities.
Banks are coming up with innovative products to attract B-school aspirants. Take your pick...
After the first-year breather come penalties. That is, if returns for 2007-08 are filed after March 31, 2009, there will be a flat penalty of Rs 5,000. Importantly, there should not be any tax liability.
Windfall gains are easier to dream about than manage. Here is some advice on using the money:
Otherwise, while filing returns, you may have to pay additional tax.
Given that debt is a major problem for most airlines, investors with a medium-term horizon should look at them.
Unlike fixed deposits or other recurring deposits, the rate will be reviewed every three months.
Use credit wisely, save, take insurance and sensibly invest in equities.
For an investor, gold is a necessity in the portfolio.
According to government estimates, in early December, potato prices had increased 136 per cent, sugar prices doubled and pulses zoomed by over 40 per cent compared to the previous year.
The first phase of this online platform will be in place by March 2010
Companies with 10 employees may also come under EPF Act.
It's time to book a little profit and realign your portfolio according to your preferred debt-to-equity ratio.
If you have a knack for number crunching, financial planning is the right job for you.
A first officer (junior and senior) can earn in the range of Rs 1.2 lakh to 1.8 lakh per month. The commander commands anywhere between Rs 2.5 to Rs 4 lakh a month.
Rising number of airlines has meant soaring demand for pilots. A look at this high-flying option.
With rising competition and dearth of qualified professionals, employers are increasingly considering senior citizens as a part of the workforce or consultants because of the experience they bring to the work place.
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