Investors prefer FDs (fixed deposits) as returns are certain. Certain conservative investors prefer tax-saving FDs for taking the section 80C deduction benefit. Investments up to Rs 1.5 lakh can be claimed for deduction under section 80C of the income tax act. Tax-saving FDs have a lock-in period of five years and premature withdrawals are not allowed. … [Read more...] about Banks that offer up to 6.95% on tax-saving fixed deposits
Homeowners tax deductions 2018
The Madras High Court on September 11 issued a notice to renowned Oscar-winning music composer AR Rahman over allegations of tax evasion. This followed an appeal by the Income Tax Department alleging that Rahman had evaded tax by routing his income of over Rs 3 crore via his charitable trust, says a report by The Times of India. … [Read more...] about Madras HC issues notice to AR Rahman over alleged tax evasion: Report
One of the oldest ventures in the car rental business, KTC India is 75-years-old and was set up in pre-independence Karachi. Owned by Delhi-based Gurudev Ahluwalia, whose father bought the business in 1943 and moved it to Delhi after independence, even the stalwarts of India’s political landscaped leased cars from KTC during the time the Constitution was being written, to travel from their homes to the Parliament. Since then, the company has rented cars out to global politicians and heads of state on a visit to India, down to the recent US President Donald Trump’s visit to India. … [Read more...] about Don’t have enough dosh to spend on a Prada gown, Gucci bag or a Rolls Royce? Just rent it!
The first community land trust in rural Georgia in 1970 was established on land purchased by a small group of individuals with some federal grant assistance and became the largest single piece of land in the country owned by African Americans, who got to keep all the proceeds from their labor. Although the trust, New Communities Inc., was beset by drought and discrimination from the start and was forced to close by the late 1980s, it helped inspire people to create similar organizations across the country. … [Read more...] about This old but innovative form of real estate deal could help heal segregated cities
Thankfully, this is now a thing of the past, and a change for the better has been driven by significant digitisation at the EPFO. This journey of digitisation to enhance employee experience, provide transparency, reduce both time and effort in meeting compliance by employers and simplifying the process was started about a decade back. The speed with which applications have been processed in the time of this pandemic stands testimony to the advancements made by the EPFO and the ease of the process. … [Read more...] about Digitisation of EPFO: How you can make provident fund transactions online with ease