An enquiry conducted by Development Research Group about mutual funds in India, titled ‘opportunities and challenges faced by mutual funds’ revealed that, financial literacy has a major role in improving MF penetration.Continue reading
According to section 194A of Income Tax Act, 1961 TDS is to be deducted if the interest paid by a bank on account of FD exceeds Rs 10,000.
If the income of assessee does not fall into tax limit, he can submit a Declaration Form 15G/15H to bank stating that he doesn’t have any taxable income.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