I have received a mail from one of the banks about safe internet banking tips. I thought of sharing the information with you all.   Email – The Bank will never send e-mails that ask for confidential information. If you receive an e-mail requesting your Internet Banking details like your …

National Pension System (NPS) is an easily accessible, low cost, tax-efficient, flexible and portable retirement savings account. Under the NPS, the individual contributes to his retirement account. NPS is designed on Defined contribution basis wherein the subscriber contributes to his own account. The benefit subscribers ultimately receive depends on the …

This is an attempt to compile rare terminologies used in public domain during the previous month. Hope this initiative is interesting to you all.   Mallikarjun Kharge (leader of opposition, Lok Sabha) said his party will participate in the debate on Land Bill, but “have sent a resolution and we …

Mr.Bhushan, an industrialist, is finding it hard to run his business over the last couple of years and has accumulated Rs.57 Lakh as a business loss. Now (in July 2015) he has decided to sell a portion of the industrial land (brought in 1998) of the company to repay the …

All news channels have a common feature – 24X7 BREAKING NEWS. What is breaking news? Is it news that has just come in? Is it out an event that is currently happening? If you go by common sense, breaking news is about an event or situation which is unexpected and …

BookMyShow is a very nice portal, isn’t it? Do you have an idea of who owns it? It is owned by Reliance Industries Limited (RIL). This article is about Reliance Industries Limited (RIL) and the multiple brands owned by them.   Background of Reliance Industries Limited (RIL) The history of …

Trust me, this government is confused. In that way, UPA government was better. We knew for sure that their approach to taxpayers was close to ‘harassments’. Contrarily, NPA government talks about ease of doing business, trusting the people, transparency, digitization, less human intervention, etc. But when it comes to action, …

Mr. Abrahim an NRI living at UK is corresponding with me regarding the capital gain tax on sale of property in Bangalore. Here are his queries and my answers – Dear Mr. Abrahim, I am an NRI seller. I want to sell my house in Bangalore and reinvest it in …

One of my friends called me last week and said ‘he was diagnosed with dengue’. Yesterday, one of my colleagues contracted Chikungunya. If you happen to read a newspaper (any newspaper of any day) you will get to see the count of patients attacked by dengue and chikungunya. This blockbuster …

‘I have earned income from sale of shares during the Financial Year 2014-15. What would be the tax implication on this?’ is the most common question I encounter during tax filing season every year. The summary tax provisions for sale of shares or mutual funds are listed below. Hope this …