As per section 10(12), read with rule 8 of part A of fourth schedule of the Income Tax Act, 1961, the accumulated PF balance due…
You can close a POMIS account by submitting an application and the passbook at the post office with the account Source: money
Households and corporates preferred safety of bank deposits even when rates of interest fell Source: money
The rate of interest in this SBI scheme is the same as applicable to the term deposits/fixed deposits of tenure as opted by the depositor…
Since members including the daughter–in-law are specified relatives of the HUF, the HUF will not have any tax liability in respect of the rental income…
In case you wish to invest in capital gains bonds of specified financial institutions to avail the exemption under Section 54E, you have to make…
Any profit arising from sale of a capital asset is taxed as capital gains under the income tax laws Source: money
Sukanya Samriddhi Yojana (SSY), Public Provident Fund (PPF), Bank FD are safe investments irrespective of not so lucrative returns Source: money
Most small finance banks offer a recurring deposit (RD) of a minimum of six months and a maximum of 10 years Source: money
Avoid investments in real estate as these are illiquid and earn low rental income. Avoid unregulated and get rich quick schemes. There is nothing like…