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  • Debt Mutual Fund: Arun Jaitley Offers Tax Relief to Investors

    Debt Mutual Fund: Arun Jaitley Offers Tax Relief to Investors

    Finance Minister Arun Jaitley today offered partial relief to debt fund investors. Mr Jaitley said that the investors who undertook "transaction of sale of units" between April 1 and July 10 will pay capital long terms gains tax at old rate of 10 per cent, not 20 per cent.

  • Income Tax Offices to Remain Open This Weekend

    Income Tax Offices to Remain Open This Weekend

    The Central Board of Direct Tax Returns (CBDT) sent a notification on this through an official release.

  • How Higher Insurance FDI Limit Could Benefit You

    How Higher Insurance FDI Limit Could Benefit You

    The Cabinet has cleared the Insurance Laws (Amendment) Bill and it will be subsequently introduced in the current session of Parliament. The Bill aims to raise the foreign direct investment in insurance sector to 49 per cent, from the current level of 26 per cent.

  • Financial Products Tailor-Made For Women

    Financial Products Tailor-Made For Women

    According to the latest data available with the Reserve Bank of India the share of women deposit holders has also witnessed a rise from 26 per cent in 2012 to 30 per cent in 2013.

  • Conduct Non-intrusive Investigations: Jaitley to Tax Officials

    Conduct Non-intrusive Investigations: Jaitley to Tax Officials

    In a step towards taxpayer-friendly regime, Finance Minister Arun Jaitley on Wednesday asked revenue department officials to adopt non-intrusive methods of investigation and impressed upon the need for skill development.

  • PF Body May Announce Interest on Funds for 2014-15 in August

    PF Body May Announce Interest on Funds for 2014-15 in August

    The Employees' Provident Fund Organisation (EPFO) may take a decision on rate of interest on PF deposits to be provided for the current fiscal year (2014-15) to its over 5 crore subscribers in its trustees meet scheduled next month.

  • PF Body to Provide Universal Account Number to Contributing Members Initially

    PF Body to Provide Universal Account Number to Contributing Members Initially

    The Employees' Provident Fund Organisation (EPFO) has decided to work in mission mode to provide portable universal account numbers to contributing members initially and seed it with Aadhaar and PAN to make it more secure.

  • HDFC Securities Launches 'E-Will' Writing Service

    HDFC Securities Launches 'E-Will' Writing Service

    Preparing a Will is just a click away as brokerage firm HDFC Securities has launched 'e-Will' writing service.

  • REITs: A New Alternative for Real Estate Investors

    REITs: A New Alternative for Real Estate Investors

    You can soon own some office space even with a small sum just like the owning a share gives you a small bite of the company.

  • Three Crucial Mistakes That Can Affect Your Retirement

    Three Crucial Mistakes That Can Affect Your Retirement

    If you make financial blunders when you are in your prime, you may be denied money when you need it the most.

  • Home Loan EMIs May Fall by 8 Per Cent: KPMG

    Home Loan EMIs May Fall by 8 Per Cent: KPMG

    EMIs on home loans are expected to come down by 8-10 per cent following the recent move by Reserve Bank of India to ease norms for banks to raise long-term funds for financing affordable housing projects, consultancy KPMG said on Wednesday.

  • Selling a House? Tax Changes You Need to Know

    Selling a House? Tax Changes You Need to Know

    As per the current income-tax rules, long-term capital gains on sale of a property held for three years, attracts 20 per cent tax. Exemptions are granted under certain conditions. These the proposed changes to the income tax laws.

  • Some Relief Likely for Investors in Debt Mutual Funds

    Some Relief Likely for Investors in Debt Mutual Funds

    There could be some relief for investors in debt mutual fund. The higher capital gains tax announced in the Budget would not be applicable retrospectively and be applicable from the Budget Day of July 10, not April 1, sources told NDTV. This could mean that investors who sold units between April 1 and July 10 will pay capital gains tax at 10 per cent, not 20 per cent.

  • How Your Loan Can be Erroneously Rejected

    How Your Loan Can be Erroneously Rejected

    While the errors have substantially reduced ever since the banking processes have been computerized, sometimes mistakes do creep in.

  • Being Wrongly Charged on Your Credit Card? Read This

    Being Wrongly Charged on Your Credit Card? Read This

    Getting a credit card statement is a monthly ritual if you have a credit card. Many cardholders choose to ignore these statements assuming that a text message from the bank about the amount to be paid is sufficient information. However, just being unaware of the gravity of information in the credit statements can sometimes be perilous and may land in deep financial trouble in case of some tampering with your account.

  • 4 Financial Lessons You Can Take From the FIFA World Cup

    4 Financial Lessons You Can Take From the FIFA World Cup

    Wondering what will life be like when FIFA gets over? Well here is some food for thought that can actually help you augment the value of your portfolio.

  • Budget 2014: Rs 1000 Monthly Pension a Reality Now

    Budget 2014: Rs 1000 Monthly Pension a Reality Now

    While announcing that government is notifying the minimum pension under the Employees' Pension Scheme-1995 (EPS-95), Finance Minister Arun Jaitley also stated in his budget speech today that wage ceiling covering organised sector workers under schemes run by EPFO has been raised to Rs 15,000 per month from existing Rs 6,500.

  • Budget 2014: Finance Minister Arun Jaitley Raises PPF Ceiling to Rs 1.5 lakh

    Budget 2014: Finance Minister Arun Jaitley Raises PPF Ceiling to Rs 1.5 lakh

    PPF accounts can be opened in a post office or designated bank branches. The interest rate on the PPF is linked to the market.

  • Budget 2014: Industry Body Seeks Restoration of Higher Domestic Savings Rate

    Budget 2014: Industry Body Seeks Restoration of Higher Domestic Savings Rate

    The Narendra Modi government's maiden budget should initiate steps that would restore domestic savings rate level to at least 35 per cent of GDP through tax incentives, the Confederation of Indian Industry (CII) has said.

  • Five Situations When You Should Not Use Credit Card

    Five Situations When You Should Not Use Credit Card

    It has to be used diligently to bring you a host of benefits else it can turn your life upside down.

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