The cost of inflation index (CII) for the financial year 2020-21 has been notified by the Ministry of Finance. The ministry has set the Cost Inflation Index FY 2020-21 as 301. For the previous FY 2019-20, CII value was 289. The rate of inflation for indexation purposes is specified by the Indian Government for every […]
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Latest Post Office Small Saving Schemes Interest rates Jul – Sep 2020 | Q2 of FY 2020-21
The Reserve Bank of India (RBI) has recently cut key policy rates to mitigate Covid-19 impact. Also, most of the banks and financial institutions have already been reducing the interest rates on their deposits schemes. So, as widely anticipated, the central Govt had announced a steep cut in the interest rates on small savings schemes […]
All you need to know about New Form 26AS | Annual Information Statement
Form 26AS or Annual Information Statement is a consolidated statement that contains details of your income – salary, business income, interest on your bank deposits, etc., as well as the total tax deducted (if any) on such incomes and deposited in your name with the Income Tax Department. TDS deductions that are given in your […]
RBI Floating Rate Savings Bonds 2020 : Features & Review
The interest rates on Bank fixed deposits have been on the downward slope and the interest rates on popular small savings schemes are not very attractive either. Also, Tax Free Bond Issues (Primary market) are not available now. This is inducing many small investors to look out for better fixed income products which can give decent fixed rate of return. For […]
Income Tax Deductions List FY 2020-21 | New Vs Old Tax Regime AY 2021-22
Tax planning is an important part of a financial plan. Whether you are a salaried individual, a professional or a businessman, you can save taxes to certain extent through proper tax planning. The Indian Income Tax act allows for certain Tax Deductions / Tax Exemptions which can be claimed to save tax. You can subtract […]
Latest BDA Plots E-auction 2020 | Details & Online Procedure
The Bengaluru Development Authority (BDA) has re-commenced auctioning its corner sites in various layouts. This comes two months after the Karnataka State Chief Minister B.S. Yediyurappa announced that around 12,000 BDA sites will be auctioned in a phased manner. Since 2011-12, the BDA has been aggressively offering the plots for sale through e-auction. These are […]
