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Why should our MPs enjoy twin I-T exemptions when they are out of TDS regime?

Jul 06, 2015

Why should our MPs enjoy twin I-T exemptions when they are out of TDS regime?

The Lok Sabha Secretariat at last did a bit of soul searching and said since the parliamentarians arent employees, their salary would be taxable as income from other sources. #Economy #HowThisWorks #Lok Sabha #Salary #Pension #Income tax #MPs #Personal finance #Parliamentarians #Income Tax act
Here's how Income Tax Act encourages people to speculate in real estate

Jun 26, 2015

Here's how Income Tax Act encourages people to speculate in real estate

One of the well kept secrets of the Income Tax Act is that it encourages people to speculate in real estate. #HowThisWorks #Tax #Income tax #Home loan #Personal finance #Real estate
Gold bond scheme should work; you can take a punt at taxpayer's cost

Jun 20, 2015

Gold bond scheme should work; you can take a punt at taxpayer's cost

Broadly speaking, the scheme will effectively skim a portion of the investment demand for gold with the taxpayer taking on some of your risks. #HowThisWorks #Inflation #fiscal deficit #Tax #Personal finance #Sovereign gold bond scheme
In a flash! HDFC Bank launches 10-second personal loan disbursement scheme

Jun 18, 2015

In a flash! HDFC Bank launches 10-second personal loan disbursement scheme

The entire process of availing the loan is completely paperless, and users can simply log into their bank account via net-banking or mobile banking and avail of this loan at a click, a HDFc statement said. #HDFC Bank #Personal finance #Personal loan #PayZapp #Insatnt loan #GoDigital
Step up loan: Here's how you can increase your home loan amount

Jun 15, 2015

Step up loan: Here's how you can increase your home loan amount

This loan works really well for youngsters who have just started working and looking to buy a home. #HowThisWorks #Money #Personal finance #loans
Gold scheme: Banks may offer interest on deposits of above 30 gms

May 19, 2015

Gold scheme: Banks may offer interest on deposits of above 30 gms

The government is trying to convince households, who sometimes have little faith in financial institutions, to break the tradition and hand over gold passed down the generations. #Economy #CRR #Arun Jaitley #PolicyWatch #Personal finance #World Gold Council #Statutory Liquidity Ratio #gold monetisation scheme
Tax benefits in retirement plans fire up mutual funds

Apr 13, 2015

Tax benefits in retirement plans fire up mutual funds

At present, only two fund houses have retirement-linked pension plans Franklin Templeton Pension Fund and UTI Retirement Benefit Pension Fund. #Investing #NewsTracker #SEBI #Personal finance #Income Tax act #Reliance Capital Asset Management Company #IDBI Retirement Savings Fund #Retirement plans
Budget 2015: Super rich senior citizens to take biggest hit

Mar 01, 2015

Budget 2015: Super rich senior citizens to take biggest hit

A fresh deduction of Rs 30,000 has been provided for the amount paid on account of medical expenditure incurred on health of a very senior citizen where no amount is paid towards mediclaim premium. #Economy #Arun Jaitley #Health insurance #Mediclaim #National Pension Scheme #Budget2015 #Personal Finance Budget 2015 #Transport allowance