Personal Finance News

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  • This club may not be exquisite but is indeed expensive
    - Indian Express - Sun 05 Jul, 02:13 AM
    I earn income, I pay taxes - logical, you earn income, I pay taxes - not so logical. That s exactly what the taxman mandates by the so-called Clubbing provisions. It is perceived by the taxman that there is a tendency amongst taxpayers in higher tax...
  • IT Law does not offer any tax benefit on prepayment penalty on housing loans
    - Indian Express - Sun 05 Jul, 02:12 AM
    My late husband had invested Rs 1 lakh in a tax saving bank deposit under Sec 80C. He passed away this year and I am in the process of streamlining and closing his accounts and getting his investments, etc. transferred in the names of the nominees...
  • HNIs ARE HOLDING BACK
    - Indian Express - Sun 05 Jul, 02:12 AM
    Prashanth Narayan, CIO, PMS, multi manager strategies, ING Investment Management, spoke with Abhay Rao of the Financial Express about the new quantitative PMS products launched by ING, how they work differently and can form an important part of a...
  • What can we expect from Budget 2009
    - Indian Express - Sun 05 Jul, 02:12 AM
    The budget is expected to balance between social orientation and growth; as well as fiscal prudence. Greater allocation to infra, healthcare and education spending is likely to continue. Considering the large capital requirements going forward,...
  • Recession-hit Gujarat auto part makers hope for budget concessions
    - ANI - Sat 04 Jul, 03:46 PM
    Rajkot (Gujarat), July 4 (ANI): Auto part makers in Rajkot are hoping for concessions in excise duties and taxes in the coming...
  • IRFC plans tax-free bonds again
    - HT - Sat 04 Jul, 03:18 PM
    The Railways will use its dedicated financing arm Indian Rail Finance Corporation (IRFC) to raise up to Rs 9,170 crore in the current financial year from the market through tax-free bonds for which the Finance Ministry has already given its...

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