Mutual funds
The Centre has formed a committee to simplify forms and the process for central government employees to file details of their assets and liabilities along with that of their spouses and dependent children as mandated by the Lokpal Act. The committee, formed by the Department of Personnel and Training (DoPT), will examine the forms prescribed [...] Continue Reading »
Every year, real estate schemes and offers start appearing during the festive season as Indians consider it auspicious to invest in properties during the festive season. This season starts from October and goes on till about March. Usually, the last two quarters can account for as much as 70 % of the total disbursement in [...] Continue Reading »
ICICI Bank Ltd’s sale of 10-year infrastructure bonds worth about Rs 3,900 crore that insurers and pension and mutual funds (MFs) rushed to buy on Tuesday is likely to open the floodgates for banks trying to raise money to finance high-cost and long-gestation projects such as roads, ports and power plants. At least five other [...] Continue Reading »
Consumers looking at taking the benefit of the government’s emphasis on the real estate sector, especially the housing sector, need to be aware of the tax implications. These tax implications are related to the sale-purchase of properties particularly when the sale-purchase agreements and their executions are spread over several days/months or even years. The citizens [...] Continue Reading »
Mutual funds (MFs) that invest in stocks of infrastructure companies are now performing well in the short term. The funds have gained 10% and 17.8% in the one-month and the three-month timeframe respectively. Shares of capital goods and power companies are gaining on the stock exchanges are gaining on hopes that an economic recovery would [...] Continue Reading »
Delhi- The government has strictly warned all taxpayers to disclose their true income and those who fails would be receiving notices from the Income Tax Department. Since the tax collected was very less in April-November, it asked taxpayers to file correct returns by December 15, when the third instalment of advance tax is due. The [...] Continue Reading »
The Associated Chambers of Commerce and Industry of India (ASSOCHAM) said that the market watchdog, SEBI, should categorize housing finance companies (HFCs) as a separate sector from Non-Banking Financial Companies (NBFCs) to attract more fund flows. It suggested SEBI not to club HFCs with NBFCs for the purposes of sectoral limits proposed for investments by [...] Continue Reading »
The Triangle Real Estate India Fund LLC (TREF), planned to start its real estate investment fund raising program of $200 million from July 2012. The investment firm is looking at its major investors for the fund raising program. They also set a time line of 12 months to complete the raising program. They will invest [...] 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 »
