TechnoparkToday.com >> January is here – time to look at investments to save tax .This is indeed a bad idea – waiting till the end of the financial year to think about tax. But don’t you worry – you are in the 99% of the population. First, this year there is a new section 80CCF, [...]
You might be familiar with Section 80C of the Income Tax Act, under which one can reduce up to Rs.1,00,000 from taxable income. Investments in PPF, NSC, insurance premium, tax-saving mutual funds etc. are all entitled for this. Finance Minister’s budget speech of 2010 introduced a new section – 80CCF – under which a sum [...]
Once a company is listed in the stock exchange, investors can take part in trading. They have to go through a exchange-registered broker, who will charge a commission (called brokerage) for each transaction. Brokerages usually range from 0.3%-0.5% for online trading sites. Other than the brokerage charge, the investor will also have to pay a [...]
After the last issue on stock markets, we will see how a company becomes public. A public company is different from a Public Sector Unit (PSU). Any company in which the general public can buy a part of its ownership(stocks) is called a public company. Any company in which government has more than 50% ownership is [...]
In the first part, we looked into the accounts needed for online trading. In this issue, we will look at the stock exchange, the loftiest symbol of capitalism. The stock exchange (like NSE or BSE) is the “market” where stocks are bought and sold. Any company has to get itself “listed” in a stock exchange [...]
You might have read about the recent spat between the market and insurance regulators, SEBI and IRDA. What was it about? Money, of course! SEBI is mandated with regulating investments and IRDA with insurance. Now, we have a product called ULIP (Unit-Linked Insurance Policy) which is brought out by insurance companies, but in effect is [...]
For IT professionals, there is no better way of participating in the stock market than by starting an online trading account. Most IT professionals are, however, unaware of the nuances of investments in shares. This series is intended to bridge that gap. Anyone wishing to start an online account will be surprised that they have [...]
Its the time to file your taxes. Read this detailed article to know how to do it online.
The IT/ITES/BPO people are not taking care about financial and tax planning, according to 70 percent of the respondents of the annual tax survey. The survey conducted by Right Horizons, an investment advisory firm, among 1,169 salaried individuals also finds that 82 percent of the respondents do not have any medical insurance and only 13 [...]
