The scheme is called 'SBI Wecare Deposit' and will help senior citizens get higher interest rate on their money and safeguard their interests in the current falling rate regime.Here's all you need to know about SBI special FD scheme SBI Wecare Deposit for senior citizens:- In SBI Senior citizens special FD scheme, residents of 60 years or more are eligible to invest. … [Read more...] about SBI Wecare Deposit: Check out all details about SBI’s special fixed deposits scheme for senior citizens
Absolute return oriented fixed income
"To mitigate genuine hardship being faced by the taxpayers on this issue, Board ... hereby relaxes the timeframe...and directs that all validly filed returns up to the assessment year 2017-18 with refund claims which could not be processed and which have become time barred...can be processed now with prior administrative approval of principal CCIT/CCIT concerned and intimation of such processing...can be sent to the assessee by October 31, 2020," the CBDT said. … [Read more...] about CBDT asks taxmen to process returns filed up to AY 2017-18 with refund claims by October 31
It's a farce: MEA on Pakistan's claim that Kulbhushan Jadhav refused to file petition against death sentence Niggling policy gap in India’s ambitious space odyssey Indians have done their best to respond to China's 'incredibly aggressive actions': Pompeo … [Read more...] about I-T refund worth Rs 62,361 crore issued from April 8 to June 30
SCSS and PMVVY together can help you invest up to Rs 30 lakh. Consider some allocation to RBI bonds; there is no upper limit on investments in them. But do not forget that these investments are not as liquid as your bank fixed deposits. Do keep some money in fixed deposits of banks to tide over emergencies and to meet short-term financial goals. … [Read more...] about Should senior citizens invest in the Pradhan Mantri Vaya Vandana Yojana?
Chander SawhneyThe new age companies are keen to keep the best employees who bring in their know-how, and technical expertise that adds to the business value of a company. In order to keep them motivated and involved, companies are going an extra mile to reward them by giving them ESOPs / Sweat Equity. It’s a win-win situation and also helps company to limit its fixed cost. The employees feel like entrepreneurs and gets rewarded multiple times once the company scales up and its valuation increases. This mechanism of issuing ESOP / Sweat Equity Shares involve sharing the ownership of the company with the employees at a discounted value to the Fair Value of Shares. It may be noted that only a company which has commenced its business for minimum one year can issue sweat equity shares. As per the provisions of the Company Law and Securities and Exchange Board of India (SEBI) Guidelines, ESOP’s cannot be issued to promoters, independent directors and any director holding 10 … [Read more...] about Sweat equity shares a way to reward your employees