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A guide to the Direct Tax Code Bill – Part 2

| Filed under Economy

In this part two of how the new provisions in the Direct Tax Code (DTC) which will take effect from April 1, 2012 will impact your investments, savings and taxes, we will continue to see which investments you can continue to claim deductions and investments where deductions have been done away with.

03taxa1 300x229 A guide to the Direct Tax Code Bill   Part 2 (more…)

A guide to the Direct Tax Code Bill- Part 1

| Filed under Economy

The Direct Tax Code (DTC) is here and will take effect from April 1, 2012. The DTC brings with it a host of new changes to the tax code and it is time you get to know how it could impact your investments, savings and taxes. In this first part of the series we will see the basic changes to the tax slabs and changes to the deductions.

tax code 300x210 A guide to the Direct Tax Code Bill  Part 1

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Kisan Vikas Patra

| Filed under Economy

Are you a risk averse investor?  Are you looking at investing in some debt instrument? Are you done with your tax saving investments and have also exhausted your PPF limits? You do not want regular income and don’t mind locking your money to earn double returns.
123 Kisan Vikas Patra
Then Kisan Vikas Patra can be a an instrument where you can invest. While the name suggests that only a farmer can invest money in Kisan Vikas Patra it is not the case. Anyone wishing to invest money at safe places can go for Kisan Vikas Patra.
Kisan Vikas Patra (KVP) is a saving instrument that provides interest income similar to bonds. The KVP is a safe investment tool, as it is backed by the Government of India. The principal is assured and hence it is a safe avenue for investing your money. With low interest rate regime, such saving instruments are in limelight again. KVP is available at all Head Post Offices and authorized post offices throughout India.

Any ATM Any Card- You can have it free

| Filed under News and Views

atm machine 300x198 Any ATM Any Card  You can have it free
Starting from April, All transactions from ATM’s of different Banks were made free. In simple sense you can make your ATM card to work with any bank’s ATM machine which is free of change now. Before the bank changed Rs 20- Rs 50 per transaction depending on the bank. Most of the banks were not prepared for this move, and many banks were not ready with the technical side.
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