Why PPF find a place in the investment portfolio of every investor? Simple, the investment in PPF is eligible for deduction u/s 80C of the Income Tax Act (means, if you invest in PPF, you pay less tax), interest earned is exempt from tax (unlike, bank Fixed Deposit interest which …
Read More »Benami Transactions Bill
Is this the brain child of Modi government? The answer is NO. Benami Transactions (Prohibition) Act was enacted in 1988. Actually, it was in 1973 that the Law Commission of India recommended to formulate an Act to curb Benami Transactions! So, it took 15 years for the government to make …
Read More »Taxation on Gold Exchange Traded Fund (ETF)
At least in my family, no one at home has subscribed to the idea of buying gold through Gold Exchange Traded Fund (ETF). People prefer physical gold over demat gold! Gold is there to touch and feel, not to see through internet in demat account, is what I have been …
Read More »Shall I suggest you the best use of money saved out of taxes?
By now, all the employees know that they will take home anywhere between Rs.2000 to Rs.4000 extra from this month onwards. Some of you would have already planned to spend this money. You can go ahead and do whatever you want to do with this money. It’s your money. But …
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