MUMBAI - The Reserve Bank of India said on Monday it did not accept any bid at the 10 billion rupees auction of 1.44 percent 2023 inflation-linked government bonds.
In today's world of ever increasing expenses, spending on your children results in a substantial outflow from your pocket. However, did you know that you can get tax benefits on many expenses and investments made in your child's name? This includes a wide variety of expense heads and investments. Most of these investments fall under the ambit of Sec 80C within the Rs. 1 lakh limit. Here are a few such cases, which will help you reduce your tax outflow:
Home buyers are always looking for the best home they can buy with the resources and time available with them. Now, more than ever, real estate prices are subdued and buyers are again active in the market.
NEW DELHI - India's diversified stock mutual funds outperformed the broader market marginally in April, with high exposure to financial services stocks supporting unit values, data from fund tracker Lipper showed.
MUMBAI/NEW DELHI - High-earning Indians gave a collective groan on Thursday when the government imposed a 10 percent surcharge on their income, following a global trend which it expects to be popular in an election year.
REUTERS - People buying houses will get an additional deduction of 100,000 rupees on interest payments on their first home loan of up to 2.5 million rupees, Finance Minister P. Chidambaram said on Thursday as he unveiled one of the most highly anticipated Indian budgets in recent years.
REUTERS - Finance Minister P. Chidambaram introduced a surcharge of 10 percent for one year on taxpayers with an annual taxable income of more than 1 crore (10 million) rupees, in a bid to raise more revenues for India's annual budget on Thursday.
REUTERS - Finance Minister P. Chidambaram gave a notional tax break to millions of taxpayers on Thursday with a proposed tax credit of 2,000 rupees in the annual budget to people with income up to 500,000 rupees, but introduced a surcharge on the rich.
Just as a farmer gazes into the sky each year waiting for the onset of the monsoon that would lead to a bumper harvest, the common man has a lot of expectations each time the finance minister rises from his seat to present the budget in parliament.
NEW DELHI - India's battle with inflation and weak economic growth became more challenging on Thursday with a sharp spike in the cost of food driving the highest retail price rises on record and a worse-than-anticipated contraction in industrial production.
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