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Inflation Indexed Bonds-What,When,How?
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…
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Videocon OUT KC Land and Finance In
Videocon out KC land and finance In Out of 26 applicants applied for banking license Videocon has been withdrawn their application and on that place KC land and finance is placed KC land and finance, a hand of KC group which is recognized in the field of education and hospitality, is looking eagerly for the…
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Let out your house property-get exemption from Wealth Tax
Let out your house property to get exemption from wealth tax There has been several instances where peoples having two or more residential houses unoccupied. In such cases they may have to pay wealth tax on such property too even it is not utilized. Wealth tax is charged on the net wealth of a person…
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Will AADHAR linked subsidy benefit banks?
Direct Benefit Transfer of LPG (DBTL) scheme, which is AADHAR linked LPG subsidy given disbursed through banks. Under the (DBTL) an LPG consumer will get his/her cylinder at full market price and the differential between subsidized price and full market price i.e. the subsidy will be transferred to his/her bank account. Under this scheme, all…
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RBI not to convert idle gold into Bullion-RBI clarifies
There has been news spreading that RBI is going to convert gold into bullion to support Rupee from its falling. RBI by a recent press release denied such news which reads as follows; “There have been some news stories in the media in the last couple of days about the Reserve Bank of India discussing/considering…
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Interest-charged on delayed payment of Service Tax?
How much interest is charged on delayed payment of Service Tax? Service tax should be paid within the prescribed time to get free from penalty and other compliance procedures. If a person fails to pay/deposit service tax to the account of the central government shall pay simple interest at such rate not below 10 %…
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How to become an Investment Adviser
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…
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Govt to set-up Low Cost Airports-boosts Internal Tourism
The government decided to set up 50 new low-cost airports this year and 50 next year, with an aim to give boost to civil aviation sector and increase air connectivity to Tier-II and Tier-III cities and also able to deliver on timeframe given by Prime Minster, said Mr K.N. Srivastava, Secretary, Ministry of Civil Aviation…
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Due date for filing ST-3 extented to 10th September
ST-3(Return under section 70 of the Finance Act, 1994) By an order (Order No: 04/2013) Central Board of Excise & Customs(CBEC) has extended due date for submission of ST-3 to 10th September, 2013 (which was 31st August, 2013) for the period from 1st October, 2012 to 31st March, 2013. The circumstances which gives rise to…