Fixed deposits
A day after SBI reduced home and auto loan rates and the National Housing Bank (NHB) announced reduction in the refinance rate under a special scheme for the economically weaker section, there seems to be a possibility of further cut looming in the horizon. Moreover, SBI said that it would cut interest rates on fixed [...] Continue Reading »
Whether your asset yields income or not, you still have to manage to pay the wealth tax every year. The property which exceeds the rate of Rs30 lakh will have to pay wealth tax at 1 percent of the total amount. However, wealth tax on house property is payable only on the “unproductive assets” and [...] Continue Reading »
