Difference between NRE and NRO Accounts
If you are a Non Resident Indian or an NRI and need to maintain a Rupee bank account in India then there are several options available to you. You can choose to open an NRE account which is a Non –Resident External account or a Non Resident Ordinary Rupee account which is generally known as...
Process for getting succession certificate simplified
In case of death of a person without leaving a will, court may grant succession certificate in order to realise securities or debts of the deceased. A civil court issues succession certificate to the legal heirs of a deceased person. It is required to establish the authenticity of the heirs. Also to authorize them to get assets or...
Must ask questions while selecting an Investment Advisor
It is must for an investor to be very careful while selecting a investment Advisor. Over the period of time such advisor becomes just like a family members as you need to share a lot about your personal life with them. Thus it becomes a very important decision. So while selecting, you must do a...
How to identify notes printed before 2005 and withdrawn by RBI
In Jan 2014, RBI has issued a currency notification, according to which all those bank notes which were issued prior to 2005 are needed to be withdrawn. As such the regulator is intending to completely stop the circulation of such series of notes. The notification clearly mentions that all such pre 2005 notes will be...
Things To Do Before Becoming NRI
Non- resident Indian (NRI) is an Indian staying outside the home country. To become an NRI is a dream of many people, while for others it is just going with the flow of wind. Anyways, whatever set of reasons you carry with yourself to settle abroad, there are few things that you need to do...
Tax exemptions on PPFs, NSC and post office schemes
Most saving schemes like Public Provident Funds (PPF), Monthly Income scheme (MIS), National Savings Certificate (NSC) at post offices are among the most popular investment schemes after bank fixed deposits. However, only few of them are eligible for tax benefits as such one has to be check before selecting the scheme for investing. Amount invested in Public provident fund,...
Ujjivan Financial Services all set for IPO – See details, Prospectus
Ujjivan has offered its request for the Equity Shares through the Draft Red Herring Prospectus . It had filed its draft prospectus with SEBI on 31st December 2015 to be listed on BSE and NSE and obtained clearance in Feb 2016. The Company has got an ‘in-principle’ approval from BSE and NSE for the listing...
Concept of Dividend Stripping and its Tax Implications
Do you know the concept of dividend stripping? Many people follow the practice of selling the security/ unit immediately after the record date. When a dividend is declared and received before the record date and the associated security is sold after the record date then the practice is known as dividend stripping. If you look...
How Share Prices gets Affected due to Corporate Actions
When you buy equity shares in a company, you become owner of the company to that extent. It really does not matter how small your share is but you become the owner for the percentage of shares you now hold in the company. If you look at the definition of equity shares, then it will...
How to Use P/E While Investing in Stocks
Price-earning ratio or P/E ratio is a very common tool often used by investors while taking investment decisions. The ratio of market price to earnings per share is known as P/E ratio. For example, if the market price of a company’s share is Rs. 100 and the company’s earning per share (EPS) is Rs. 2,...
