The government has decided to levy tax on the interest obtained on Post Office savings schemes from the current financial year.
All the private sector lenders have paid up more in taxes this time. While the largest private sector lender ICICI Bank paid Rs 390 crore (Rs 350 crore), the immediate competition HDFC Bank coughed up Rs 350 crore (Rs 315 crore). Kotak Mahindra Bank's advance tax outgo stood at Rs 60 crore (Rs 45 crore) and Yes Bank paid Rs 60 crore (Rs 50 crore).
Mukesh Ambani's Reliance Industries is likely to pay advanced tax of Rs 900 crore in the first quarter (April-June), compared with Rs 650 crore tax it paid in the year ago quarter, CNBC-TV18 said quoting sources.
In this era of recession, deflation, and job cuts, it is especially important for you to consider where your hard-earned money is going; financial security is the key in today’s unpredictable world. And the first step towards gaining that security is to have a Saving Plan.
Fund raising can some times be a complex issue. On CNBC-TV18's show Informed Investor, Mitali Mukherjee helps you sort out all doubts pertaining to the matterï¿½Why does a company need to raise funds? How do they do it? And, how do you participate as an investor in that fund raising process?
You should ensure that you regularly file all correspondence relating to money, including, bills and to record them on your notepad. This way you would be able to generate a comprehensive and accurate report of your cash flow.
In just a few years, Cancer will overtake heart diseases as the world’s number one killer. The question remains ‘how many of those 250 million Indians (who will get cancer) are prepared for it?’
Any plan to land on foreign shores whether for a job or for business and leisure, does bring a sense of euphoria for everyone. However there are few things that is a must on your checklist to safeguard your interests.
India’s commitment to converge International Financial Reporting Standards (IFRS) brought in the Ind AS standards. However, many requirements of Ind AS are different from policies and practices currently followed by Indian companies, and hence, will see a vast impact, a recent KPMG report observes.
Here are the cautions points that one needs to keep in mind if he opts for a loan from an NBFC?
In an interview to CNBC-TV18's Mitali Mukherjee, Jayant Pai, Vice President, Parag Parikh Financial Advisory Services (PPFAS) and Archana Bhingarde, CEO, Hi Q Financial Planners advices on the tax saving plans for a better and brighter future.
There is no reason for investors to get antsy. While desiring a good return is fine, having a rational perspective is crucial.
Retired life is supposed to be fun filled and peaceful. But today we find more old age destitute homes popping up than schools, indicating a trend towards lack of retirement planning.
New Delhi, May 30 (PTI) Tax defaulters beware! With tax recovery to the tune of more than Rs one lakh crore held up for lack of information about the whereabouts of defaulters, the Income Tax(I-T) department is working on plans to publish their names in newspapers.
The government today announced setting up of a special wing -- Directorate of Income Tax (Criminal Investigation) -- to investigate criminal offences under direct tax laws.
The service is to help in debt restructuring and is NOT to help a customer get a waiver on repayment. Also, there is no compulsion on either parties (customer or bank) to accept the recommendations of the counselor.
Shares of real estate companies may have taken a pounding, but real estate itself remains a good investment bet, says Ashutosh Limaye, local director (India) at Jones Lang LaSalle, a property consultancy firm.
Banks have several deposit schemes that can be customized for people with varying needs. Deposit accounts can be opened by an individual in his own name (single account) or by two or more individuals jointly (joint account).
The Ministry of Corporate Affairs has allowed listed companies to file their accounts on the XBRL platform till September 30, reports CNBC-TV18.
You don't have to play Uncle Scrooge to be penny wise and hoard for the future! The journey is the key.
These clients got away lightly, but you are well aware that inflation of health care costs is steep. This fact combined with increasing life expectancy and newer, more critical illnesses coming to light, make it imperative for each of one of us to consider medical insurance as an integral part of our financial plans.
Banks have customized repayment options to address the individual requirements of their customers. A wise planner can make use from the options available in the market.
A home loan transfer (also known as refinancing or balance transfer) is an option that most individuals opt for to avail the benefit from lower interest rates prevalent in the market.
Buybacks, open offers, delisting very often in the case of many global MNC, what does that constitute and how does an investor take a studied call on whether or not they should tender or exit as the case maybe or actually stay invested? Experts discuss.
Here's the process to select the right personal loan for you