‘New’ pension scheme now six months old.
Posted by: surajitdasgupta on: October 26, 2009
From May 2009 onwards, Indians have had access to another investment avenue to plan for retirement in the New Pension Scheme (NPS). The scheme had been in the pipeline for at least five years but it finally took shape in 2007-08. Although the government was pushing for the scheme after a law providing statutory backing to the regulator was enacted, the Left parties, which were supporting the UPA government, did not allow ...
read more... Tax to be paid on property received in gift.
Posted by: Mango Team on: October 1, 2009
Ahead of Diwali, the Income Tax Department today said that persons receiving gifts will have to pay tax on it provided the value of gift, in cash or kind, exceeds Rs 50,000. The tax would have to paid by the recipient by including the amount in his taxable income, said ...
read more... Holding multiple ICICI bank credit card? Pay your dues on time...
Posted by: Mango Team on: September 29, 2009
When the credit fiasco started, a new global practice was introduced that:
If a consumer holds multiple credit cards from a bank and he/she defaults on one of those cards, all other cards would be blocked.
ICICI bank will follow and mention this practice ...
read more...