Deduction under section 80c has mentioned Fixed Deposits. You cannot withdraw and pledge the amount before the maturity period. According to section 80c the maturity period is for 5 years. The low risk averse customers are attracting towards this scheme. Specially those who do not have wish to invest in PPF and ELSS market. Interest earned on FD is liable to tax, this is the single disadvantage of the scheme. Fixed deposit scheme has 8.5 to 9% interest rate. You can invest the maximum amount in this scheme is Rs 100000,as deduction under section 80c allows. Only ICICI Bank provides the facility to open fixed deposit saving online.
Wednesday, August 29, 2012
Monday, August 27, 2012
TDS Rates on Insurance Commission
TDS Rates on Insurance Commission is 10% on the value of the contract. Thus if the the sum of money is paid in persuance to a Insurance commission contract then TDS Rate for deducted shall be 10%. It is to be noted that the minimum on which no TDS needs to be deducted is Rs 20000. For any payment more than that TDS needs to be deducted.
Monday, June 11, 2012
Project Loan India
Project Financing is one of the most hot topics of debate on the office tables. There is no limit of good ideas waiting for implementation and the reason why they cannot be implemented right away is finance. They lack sufficient funds to back up their project financing needs.
Although every company has its own staff to arrange finance for the company yet sometimes in becomes important they hire a good project loan consultant. A good project loan consultant will help them arrange finances at much lower interest rates and with attractive repayment options.
Although every company has its own staff to arrange finance for the company yet sometimes in becomes important they hire a good project loan consultant. A good project loan consultant will help them arrange finances at much lower interest rates and with attractive repayment options.
Saturday, April 28, 2012
deduction under section 80c
section 80c is one of the section of the income tax act. it gives details of the eligible investments available for deduction under section 80c. to get information on investments eligible for deduction under section 80c refer http://www.section80c.in and get insight on section 80c.
Friday, April 18, 2008
Wednesday, February 27, 2008
Monday, February 18, 2008
other benefits..
Divident income
apart from the appreciation in the price of the shares, dividends declared by the companies to its shareholder also act as a source of income.
Liquidity
share held as investment can be easily converted into cash without any hassels, its takes merely 2-3 working days to realise cash.
Tax benefits
all dividend income is tax free in the hand of shareholders, secondly one need to pay only 10% short term capital gains tax on the profits made from investment in shares if the shares are sold within a year of purchase, and thirdly (most important) you dont need to pay any long term capital gain tax on profits made from sale of shares held for more than a year. the point to be noted here is that the tax rate much higher for other investment instruments- a 30% short term capital gain tax ( assuming you fall in the 30% tax bracket)and a 10% long term capital gains tax.
considering the above facts shares are the best investment options to creat wealth.
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