August 11th, 2011 | by Amit Sahrawat | published in Investment
In the last financial year which ended in March, 2011 – there was a clause to save income tax on additional Rs. 20,000 via. Infrastructure bonds(benefits under section 80CCF of the Income Tax Act 1961). For all those who invested in the bonds and are waiting to their physical copy of the bonds you can […]
June 8th, 2011 | by Amit Sahrawat | published in Investment
Come July 1st, 2011 and Provident Fund account details would be available online as per the Employees Provident Fund Organization (EPFO). This would be of immense help to all the PF subscribers in India. Tracking of Provident fund is very difficult at this moment because of the manual slips and too runs 1 year backlog.
March 21st, 2011 | by Amit Sahrawat | published in Income Tax, Investment
Direct Tax Code is the next big thing which is discussed among all the tax payers. Income Tax Act , 1961 which is being used at the present will soon be replaced by the Direct Tax Code(DTC), this has already been cleared by cabinet and will soon be presented in parliament for clearance and […]
February 4th, 2011 | by Amit Sahrawat | published in Income Tax, Investment
REC Long Term Infrastructure Bonds (under section 80CCF of Income tax Act, 1961) Highlights
February 3rd, 2011 | by Amit Sahrawat | published in Income Tax, Investment
IDFC Long Term Infrastructure Bonds – Tranche 2. Salient Features of the Issue :
January 3rd, 2011 | by Amit Sahrawat | published in Investment
The IFCI(Industrial Financial Corporation of India Ltd.) bonds are issued with section 80CCF benefits which means that they will get you a tax benefit of reducing your taxable income over and above the Rs. 100,000 under Section 80C with a cap of Rs.20, 000. So, lot of people are looking forward to investing in the […]
December 10th, 2010 | by Amit Sahrawat | published in Investment
In order to enhance compliance with Know Your Customer (KYC) norms under the Prevention of Money Laundering Act, 2002 (PMLA) and to mitigate the risks associated with acceptance of third party payment instruments (cheques, demand drafts, pay orders etc.), Association of Mutual Funds in India (AMFI) has issued best practice guidelines on ‘Risk mitigation process […]
November 15th, 2009 | by Amit Sahrawat | published in Investment
1. Plan your trades. Trade your plan. 2. Keep records of your trading results. 3. Keep a positive attitude, no matter how much you lose. 4. Don’t take the market home. 5. Forget your College degree and trust your instincts. 6. Successful traders buy into bad news and sell into good news.
November 8th, 2009 | by Amit Sahrawat | published in Income Tax, Investment
Public Provident Funds: The PPF scheme offers assured returns and tax benefits under Section 80C of the IT Act. Minimum investments of Rs 500 and a maximum of Rs 70,000 annually are entitled to tax benefits under Section 80C. The lock-in period is 15 years with withdrawals allowed only after the 5th year. Rate of […]
November 8th, 2009 | by Amit Sahrawat | published in Income Tax, Investment
Following are the steps in tax planning which would aid a person in making prudent tax plans to reduce their income tax liability and ensure a better tomorrow by making compulsory savings by investing in various tar saving schemes. These steps in tax planning are: Compute the gross total income Calculate tax payable on gross […]