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,...
Do you know about Virtual Credit Card
Virtual credit cards are a boon to people who rely a lot on online shopping. Moreover, they have supported the growth of ecommerce companies a lot. Virtual credit cards have provided a new and better platform to the credit card users. It adds security to the users account and helps them against the online thugs.The...
How To Use Pre-Open Session in Indian Stock Exchanges
While watching business news channels, many of us have observed that on market days, in the morning from 9 am to 9:15 am there is a pre-open session for NSE and BSE. Do you know that there is any relevance of this session? Are you aware that during this period, what kind of orders are...
Learn to Calculate Average Quarterly Balance
Banks require savings account holders to maintain a minimum average quarterly balance. And if a customer fails to comply with the rule, then he is liable for the penalties charged by bank. But what exactly is this average quarterly balance? How do we calculate this? Do we need to maintain the minimum amount at all...
Know everything about your PAN
PAN or Permanent Account Number is a unique identification proof or a unique identity number allotted to an Indian citizen by the Indian Tax Department, which is generally represented by a ten digit number. This unique ten digit identification number may be alphanumeric in nature and is issued under the supervision of the Central Board...
RBI announces simplified KYC measures
With an aim of opening accounts for maximum population, RBI has simplified KYC (Know Your Customer) norms. The detailed note released by RBI states the measures as stated below: 1. Single document for proof of identity and proof of address — Two separate documents for proof of identity and proof of address are now not...
