Today is the last day of 2012 and thanks to SEBI, RBI, and Finance Ministry among others which made some significant changes in your personal finance and investment. I have listed 12 of them. 1. One Scheme One Plan for Mutual Funds: Mutual Funds till now had multiple version of the same scheme – one […] Continue reading →
Taxation on your investment is as important as the return on Investment. All financial instruments go through three stages Investment Earning Withdrawal The tax rules vary across the above three phases. This post would tell you how different financial Instruments are taxed in these three phases and what would be its impact on you. Based on […] Continue reading →
If you are still worried about allotment your investment in Tax free bonds, Infrastructure bonds or NCDs last year, I have summarized the links where you can check your allotment status using your Application Number, PAN Number, etc. [table style=”1″] Bonds Allotment Link Check REC Tax Free Bonds Karvy L&T Infra Bonds Series B SharePro […] Continue reading →
With start of new financial year 2012-13, a lot would change from today in personal finance space. Here is the list. Good News: Increased Interest on Small Savings Scheme like PPF, NSC, etc: The government has increased interest rates on post office deposits like PPF, NSC, Fixed Deposit, Recurring Deposit, and Senior citizen Scheme in […] Continue reading → Allotment of IDFC Infra Bond Tranche-2 (u/s 80CCF) bonds was done on March 24, 2012. You can check the allotment status of IDFC Infra Bond Tranche-2 here. Select IDFC Limited-Infra Bond Tranche-2 /2011 from the list. One need either application number, pan number or demat number to view the allotment status. Dispatch date showing in […] Continue reading →
PFS with its infrastructure bond has given you one more option for investment under Section 80CCF in March 2012 as the closing dates have been extended to March 23, 2012. Earlier it was to close on February 29, 2012. PFS Infrastructure Bond Details: Should you invest in PFS Tax Saving Infrastructure Bond? Most of the other Infra bonds offer […] Continue reading →
IDFC with its infrastructure bond has given you one more option for investment under Section 80CCF in March 2012. IDFC Infrastructure Bond Details: IDFC Infrastructure Bond Features: The bonds don’t attract any TDS in case the investments are in demat form The bonds are available in Demat & Physical form The bonds will be listed […] Continue reading →
If you were celebrating the tax cuts for next year (FY 2012-13) in Budget 2012, there is some bad news! Infrastructure Bonds would not be eligible as Tax saving instrument under Section 80CCF from FY 2012-13. What was the benefit? Two years ago there was an additional deduction introduced to encourage investors to put money into […] Continue reading →
If you have still not invested in infrastructure bonds and still looking for investing for saving income tax , you have four options: IFCI Infrastructure Bond – Series V L&T Infrastructure Bond PFS Infrastructure Bond IDFC Infrastructure Bond – Tranche III Just in case you missed it, an investment in infrastructure bonds under Section 80CCF is an […] Continue reading →