Finance Act 2013 enlargened section 40 to exclude certain expences/payments under income from business/preofession-it includes privilege fees,service charge, service tax,etc…Continue reading
Inflation Indexed Bonds Inflation Indexed Bonds are issued to hedge against Inflation. Inflation Indexed Bonds are issued in place of Capital Indexed Bonds issued during 1997, which provides inflation protection only to the principal amount ant not to interest payment. On the other hand Inflation Indexed Bonds provide inflation protection to both principal and interest […]Continue reading
Investment adviser means any person, who for consideration, is engaged in the business of providing investment advice to clients or other persons or group of persons.
By virtue of (INVESTMENT ADVISERS) REGULATIONS, 2013 SEBI has made registration compulsorily to act as investment advisor. It is a step towards Investor protection. It aims to prohibit unqualified and inexperienced persons/entities from providing investment advises , which results in loss to investors. Recently, SEBI has suspended several persons who have been acting as investment advisors without seeking registration under SEBI. By the newly implemented regulations SEBI, clarified qualifications required to get registered as investment advisors and exempted certain group of persons/entities from registration ..Continue reading
Persons wishing to act as investment advisors has to compulsorily registered with the market regulator Securities and Exchange Board of India (SEBI). The SEBI (Investment Advisers) Regulations, 2013 (“IA Regulations”) were notified on January 21,2013 and have come into effect from April 21, 2013. . All the persons acting as an investment adviser before the […]Continue reading
Reverse mortgage means a mortgage on which the borrower need not have to repay the loan amount (principal and interest) taken against a residential house property of a senior citizen. Reverse mortgage was introduced to address the financial needs of senior citizens owning residential house property. It enables them to receive a regular income on fixed installments like pension. The home ownerContinue reading
Portability of NPS Lite/Swavalamban Accounts to NPS-ALL Citizen Model (UOS) and other sectors Pension Fund Regulatory and Development Authority (PFRDA) which is responsible for maintaining retirement funds, has approved shifting/porting of NPS/Lite/Swavalamban Permanent Retirement Accounts (PRAN) to NPS- All Citizen model and other sectors through an Inter platform shift process Approval has been given in […]Continue reading
The Rupee’s sharp dip against the US dollar has made temptations for non-resident Indian (NRI) to buy property with realtors expecting an increase of 35% in business enquiries from the expatriates this year, reveals the “Associated Chamber of Commerce and Industry of India” (ASSOCHAM) recent findings.Releasing the ASSOCHAM paper on “Falling Rupee sparks property boom from NRIs” Mr. D S RawatContinue reading
With effect from assessment year 2013-2014,a new section 80TTA hasbeen introduced for providing deduction for interest income.sec. 80TTA provides that, any interest income derived from deposits in a savings account (not time deposits) will be allowed as deduction. Interest income up to Rs 10,000 in aggregate shall be allowed as deduction while computing Total Income. […]Continue reading
Fixed deposit or Recurring deposit, which yields more?
Financial planning is important in the current economy, where expenses run over income and savings are relatively small or nil. Financial planning will reap rewards in future.
There is always a doubt zone where to invest your surplus fund in fixed deposit or in Recurring deposit. Both FD (fixed deposit) and RD(recurring deposit) has more growthContinue reading
Repayment of principal amount of loan taken from any bank, state/central government, LIC, NHB, etc. for the purpose of construction or purchase of a residential house property, the income of which is chargeable to tax under the head income from house property.A deduction of amount paid as repayment of principal amount on loan taken for the purpose of construction or purchase of residential accommodation is allowed
Deduction is allowed only to individuals and HUFContinue reading