Signature Global to invest Rs 400 cr in 2 affordable housing projects in Gurugram
Signature Global is mainly into development of affordable housing and has launched 12 such projects, comprising over 11,000 units, so far, under the Haryana Affordable Housing Policy. Two projects having 1,800 units have been handed over to buyers. The company has started two new projects 'Aspire' and ' Prime', which have in total about 1,450 units.
Income Tax department raids BMC contractors
IT said they had conducted search action in Mumbai and Surat on November 6 on entry providers and...
Isprava plans to enter rental accommodation
Through Lohono Stays, Isprava will establish contractual deals with independent owners and develo...
ITAT dismisses Rahul Gandhi's application to make Young India charitable trust
The Income Tax Appellate Tribunal has dismissed Congress leader Rahul Gandhi's plea to make Young India a charitable trust. Rejecting the ap...
How can I avail tax break on interest income earned on RD, monthly income schemes and NSC?
Under Section 80TTA, you can claim a deduction of up to Rs 10,000 on savings bank/post office deposits. Interest earned on post office RD and NSC is eligible for exemption under Section 80C within the overall limit of Rs 1.5 lakh in the years.
No GST on CXO salaries: Government set to clarify
CBEC is set to clarify that common function like HRs should be out of the GST gamut
Sterling and Wilson Solar Q2 net up 36% at Rs 79 crore
Total income of the company stood at Rs 1,265.64 crore in the quarter.
Jamie Dimon laments income inequality, won’t assail CEO pay
“I think the wealthy have been getting wealthier too much, in many ways,” Dimon said.
Budget 2020: FinMin seeks suggestions for rationalising income tax, other duties
While the ministry holds pre-budget consultations with representatives of different sectors and stakeholders, the Department of Revenue in the finance ministry perhaps for the first time put out circular seeking suggestions for changes in income tax rates for both individuals and corporates as well as in indirect taxes such as excise and customs duty.
ITC, Larsen, Infy among top buys of MFs in October
A common link among the companies bought by managers in October is their size.
Income Tax department raids onion traders from Lasalgaon
The raid comes amid ballooning onion prices which have touched Rs 80/kg to Rs 90/kg as incessant rainfall in Maharashtra, the top onion producing state of the country, has delayed harvest and also damaged the quality of the kharif crop. The average wholesale prices at Lasalgaon market have been ruling around Rs 45/kg.
Should you make space for bond ETFs in your fixed income portfolio?
While lower cost enhances the return potential of ETFs, absence of liquidity can effectively wipe out cost benefits. So if liquidity is sufficiently high, bond ETFs may be a good first stop for those looking to move from bank fixed deposits.
Income Tax task force report suggests complete rejig of tax slabs, saving govt Rs 55,000 crore
The current Income Tax rates are 5 per cent plus 4 per cent cess for people earning between Rs 2.5 lakh and Rs 5 lakh, 20 per cent plus 4 per cent cess for incomes of more than Rs 5 lakh up to Rs 10 lakh, and 30 per cent plus 4 per cent cess for those earning over Rs 10 lakh.
How should a senior citizen invest amount received on FD maturity to get monthly income?
You can equally divide the amount in corporate bond and floating rate funds. For monthly income, consider debt funds that are yielding 6-7% annually. You can opt for a monthly SWP option, which can be up to .50 percent of your corpus.
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