March 26, 2015 08:44 (IST)
Public provident fund (PPF) is among the most popular investment options for long-term savings. Deposits made under PPF also qualify for tax benefits. PPF subscribers can also avail loan benefits against their deposits.
March 25, 2015 20:51 (IST)
The officer said the CPC, through its field offices and other communication channels, is trying to gather correct details of the legitimate recipients of these refunds which are estimated to hold "lakhs of rupees, if not crores."
March 25, 2015 08:28 (IST)
Tax laws allow setting off of losses in against gains in the same category, based on different criteria.
March 24, 2015 20:51 (IST)
The IT department, through its policy making body Central Board of Direct Taxes (CBDT), has decided to completely do away with the "cumbersome" procedure undertaken currently by a taxpayer to send his ITR-V (Verification) form to the department's Central Processing Centre (CPC) based here through post.
March 23, 2015 13:36 (IST)
Like any other loan, it is vital to know that an education loan is a credit facility provided to help one pursue his/her higher education.
March 23, 2015 08:49 (IST)
If interest earned on recurring deposits exceeds Rs 10,000 a year, TDS at the rate of 10 per cent would be deducted by the bank.
March 22, 2015 19:48 (IST)
To deepen capital markets, the Securities and Exchange Board of India (Sebi) on Sunday pitched for allowing investment of pension money into various securities instruments and to create an enabling environment for REITs or Real Estate investment Trusts to flourish, as Finance Minister Arun Jaitley reviewed the state of capital markets in the country.
March 22, 2015 13:34 (IST)
Indians having undisclosed property abroad will have to pay tax and penalty on the basis of the current market value of the asset, and not at the purchase price, as per the new black money bill.
March 22, 2015 13:14 (IST)
The Income Tax department will carry out closer scrutiny of those tax statements wherein an assessee has disclosed that he or she holds bank accounts or any other assets abroad before the current financial year ends on March 31.
March 20, 2015 17:54 (IST)
Mr Buffett's success is attributed by some to his sharp business acumen and understanding of businesses while others call it luck.
Written By: Varun Sinha | March 17, 2015 14:00 (IST)
Home sales in India have been under pressure for the last many quarters forcing real estate developers to come up with innovative measures to sell apartments. Gurgaon-based ILD is promising home loans at just 4.99 per cent, a 50 per cent discount to prevailing interest rates to prospective home buyers.
March 15, 2015 16:58 (IST)
Over 5 crore members of the Employees' Provident Fund Organisation (EPFO) will have to wait for a few months to be able to use the online PF withdrawal facility as the retirement fund body wants the system to be "fool proof".
March 15, 2015 11:03 (IST)
As many as 1.80 lakh accounts have been opened under the 'Sukanya Samridhi' scheme in less than two months of launch of the special programme for the girl child, with the maximum number of accounts in Karnataka and the least in Bihar.
March 14, 2015 19:56 (IST)
If you are new to using credit cards or have been using one without knowing what a bunch of things mean on the credit card statement, let's begin by making things a little simpler for you.
March 14, 2015 18:40 (IST)
There is some good news for investors who feel they missed the rally in debt mutual funds. Rahul Goswami, chief investment officer of fixed income at ICICI Prudential AMC, says that there is still time for investors to make money.
March 14, 2015 12:57 (IST)
Employees as well as employers may have to shell out more towards Employees Provident Fund (EPF), with the government proposing to include all allowances in the wages for deducting PF contribution.
March 13, 2015 10:44 (IST)
One new provision in the insurance bill is being considered to be "retrograde" for policyholders. The onus to prove that a wrong statement was not made at the time of taking the policy would lie with the policyholder and not the insurance company, says former LIC Chairman SB Mathur.
March 11, 2015 08:41 (IST)
The extra deduction of Rs 50,000 on NPS can help those in the highest tax bracket of 30 per cent save an additional Rs 16,000 in taxes. Those in 20 per cent tax bracket can save over Rs 10,000 while those in 10 per cent can save over Rs 5,000.
March 10, 2015 20:52 (IST)
The committee, to be chaired by Manish Gupta, will submit its report within a month.
March 10, 2015 08:17 (IST)
Finance Minister Arun Jaitley in Budget 2015-16 announced a low-cost personal accidental cover called Pradhan Mantri Suraksha Bima Yojana to increase the insurance penetration level in the country.