PPF and NSC are the most popular long-term saving instruments in India. The amount invested in these instruments is eligible for deduction up to Rs 150,000 under section 80C along with other eligible investments. The Govt. of India has recently revised investment rules relating to the investments by the Non-Resident Indians (NRIs) in the select […]
Archives for October 2017
Long Term Capital Gain Exemptions on Sale of Property & Recent Court Judgments
Capital asset typically refers to anything that you own for personal or investment purposes. It includes all kinds of property; movable or immovable, tangible or intangible, fixed or circulating. Examples include a house, land, household furnishings, stocks, bonds or mutual funds held as investments etc., When you sell a capital asset, the difference between the purchase price of the […]
How to empower your Domestic help (Domestic Workers) Financially?
Only Wealthy and rich people need a financial plan! Is this true? What about the individuals and families who have very low income & who struggle to meet their ends? Do they require help and assistance in planning and managing their finances? These low-income households can be some of your helpers like – your domestic […]
Banks to now match Original IDs with photocopies – New Reporting Rules | Prevention of Money Laundering Act (PMLA)
The Prevention of Money Laundering Act (PMLA) is the core of the legal framework that has been put in place by the Govt of India to combat money laundering and generation of black money. As per Rule-9 of the PMLA, the reporting entities like banks, financial institutions and intermediaries have an obligation to verify the identity of clients, maintain records and […]
How to link your Aadhaar number to EPF UAN online?
The Employee Provident Fund Organisation (EPFO) has made it mandatory to link Aadhaar number to Employee Provident Fund account. The EPFO has recently introduced most of its facilities online. Now you can check your PF account balance, statements, submit online PF transfer claims (or) make partial/full withdrawal of money from your PF account online. But to avail most […]
Investments options in India for Indian expats in UAE
Every year, a large number of Indians leave their homeland; either be it for work opportunities or for higher studies or set up a business. The main intention behind this is to earn more and perhaps get settled abroad. UAE is an economically rich country when compared to India. To make the most of the […]
