Banks feed in borrower data and personal information, which the CIBIL systems pool together. A control number is generated when banks pull out your credit report on a requirement basis. The control number is a unique number, which is generated every time any bank or credit institution pulls out a credit report on you. CIBIL… Read More »
Although the concern of my government and our electoral promises were based on the “aam-aadmi”, I have tried to focus more on the “gaon ka aadmi” (the Rural Indians). Ours is a country of villages and villagers and if there has to be growth we need to make them an integral part of our growth… Read More »
The only specific benefit for the salaried class in the budget is the scrapping of Fringe Benefit Tax. Companies may now be a bit more liberal with the perks offered to their executives. We can expect more on the ESOPS and Superannuation front as now they are free from the implications of the FBT.
Due to the effect of the FBT many companies started tightening the screws on the benefits given to the employees. Sometimes reasonable and sometimes highly unreasonable! In many professions especially like sales and marketing where the employees are motivated to work at lower salaries because the benefits made up for a lower salary, the hurt… Read More »
From a consumer point of view too this would bring about an improvement in the service levels of these companies as there would be more pressure on these companies to perform better and get profits. A visible effect is the change in attitudes of many PSU companies pre and post privatization. Housewives could find competitive… Read More »
The banks are fighting tooth and nail to get the government to agree to reduce the interest rates on the savings account which is already a measly (at least from the common man’s perspective!) 3.5%. The savings account rates are dictated by the Reserve Bank of India which is an indirect indicator of the government’s… Read More »
The Securities Transaction Tax (STT) was introduced by Chapter VII of the Finance Act (No.2) Act, 2004. STT is a tax being levied on all transactions done on the stock exchanges. Securities Transaction Tax is applicable on purchase or sale of equity shares, derivatives, equity oriented funds and equity oriented mutual funds.
For the actual event we need to wait till the first week of July 09 and the wishes are innumerable for a few columns of print, though we have attempted to present a handful in one of the earlier posts. In this post we take a look at what the industry and experts have to… Read More »
Though we have a lot of options for investments and one expense item (school fees) too, the limit to which the tax benefit can be got is only Rs.1 L. The investments can be in any proportion and there is no minimum amount that needs to be shown.In case the tax payer has invested cumulatively… Read More »
The common man and woman have many expectations from the finance minister every time the budget comes up and hence we dutifully put forth our expectations and hope Mr. Finance Minister acts like a good Santa and makes us happy.