The information given below is only opinion. Please dont take it for authenticated one. As per the available stastics, a 5% additional DA is expected to be announced w.e.f July 2009. This will make DA to be 27% from 1 July 2009. The calculation is based on All India Consumer Price Index Number for Industrial Workers […]Read More 5% DA Expected
It’s marginal and it’s not exactly what the salaried class wanted keeping in mind the raise in their annual income thanks to 6CPC implementation. These are certain key features of budget 2009-10 relating to Personal Income Tax The Union Govt has marginally increased personal income tax exemption limit by Rs 15,000 from Rs 2.25 lakh […]Read More What’s in for Salaried Class in the Union Budget 2009-10 ?
The Central Board of Direct Taxes has deferred the implementation of furnishing of the unique transaction number (UTN) for filing income-tax returns. Accordingly, taxpayers filing their returns for the assessment year (AY) 2009-10 or any other earlier assessment years can do so without mentioning the UTN, as required under a notification (No 31 of 2009) […]Read More Unique Transaction Number (UTN) not mandatory for filing income-tax returns
Investments in mutual funds may not suffer deduction of ‘entry load’ for too long. In a move that will empower investors to determine the price they will pay for service received from a distributor, thereby reducing their cost of investing in mutual funds, the Securities and Exchange Board of India (SEBI) has asked fund houses […]Read More Entry load on Mutual funds to be abolished
Publisher: Penguin Press Pub. Date: 2008 ISBN: 9781594201929 No. pages: 432 In this book you will learn How banking began Why bubbles happen What financial history tells about the present Why you should read The Ascent of Money Niall Ferguson offers a comprehensive collection of anecdotes and observations about the development of finance. He begins […]Read More The Ascent of Money by Niall Ferguson
No Charges for using ATM says RBI Cheers to all Bank Account holders as they need not pay any charges with effect from 01.04.09, for using the automated teller machines (ATM) of other banks, i.e., banks other than the one in which they have account. During March-2008, The Reserve Bank of India (RBI) asked banks […]Read More No Charges for using other banks ATM