Should you invest in PFC OFS?

Thumbs up for PFC OFS Government is going to divest 5% stake in state-owned financiers Power Finance Corporation (PFC) on 27th July, 2015 for 1 day through Offer for Sale (OFS) route under the Government’s disinvestment programme of the current fiscal year. Power Finance Corporation (PFC) OFS will be the second divestment in the current fiscal year. In April this year, Government had sold 5% stake in Rural Electrification Corp (REC) which was subscribed 5.5 times. PFC OFS Details PFC OFS will be available to subscribe only for 1 day i.e. 27th July, 2015. The interested investor can subscribe in […]

Read more

Tax benefits of Life and Health Insurance Policies in India

Insurance Policies Tax Benefits Insurance Policies completely live up to the Phrase “Icing on the Cake!!!”. Insurance policies do not only safeguard your life and health but also gives you tax benefits for the premium paid and maturity amount received. The very first step of a successful tax or financial planning start with getting yourself adequately Insured. Let’s see how you can save tax through Insurance Policy in India. Life Insurance Tax Benefit Life Insurance Policy is a traditional plan which includes term plans, ULIPS (unit linked insurance plans), money back and whole life cover plan. All the plans except […]

Read more

Biocon’s Subsidiary Syngene International IPO review

Pharmaceutical company Biocon’s Subsidiary Syngene International Ltd is planning to hit the capital market on 27th July. Through the IPO, Syngene (Syngene International Ltd.) proposes to offer 2.20 crore shares for sale by promoter, Biocon. Biocon holds 83.6% in Syngene, out of which, it has offered 11% for sale. Let’s see the details of the IPO. Review of Syngene International IPO About Syngene International Limited Syngene International Ltd. was first established as CRO (contract research organization) in the year 1993 at Bengaluru, Karnataka as a private limited company under the Companies Act, 1956 which was converted into a Public Limited Company […]

Read more

APY vs NPS – Which is better option for Retirement Planning?

Atal Pension Yojana (APY) and National Pension System (NPS) both are Retirement Products aims to provide social security to the people after retirement. These schemes ensure that retired people live with the same standard and pride as before retirement. Pension plans gives an opportunity to contribute and accumulate a substantial corpus to generate a fixed and regular income after retirement. APY vs NPS – Which you should include in your Retirement Planning? National Pension System has been around from the last 10 years while Atal Pension Yojana is just been announced in Budget, 2015. Let’s see all the major differences […]

Read more

How to Use Electronic Verification Code (EVC) Instead of ITR-V Sign for Income Tax Return e-filing?

Electronic Verification Code (EVC) to e-verify Income Tax Returns Government is trying hard to go green but the necessity of sending signed ITR-V form to Bangalore was becoming an obstacle to make e-filing process completely paperless. Digital Signature has already been mandated for the companies to file and verify their returns but individuals were given an option to sign the physical copy of ITR-V and send it to CPC, Bangalore. Read: All about Filing Income Tax Return Online within 10 minutes. Government has come out with the Electronic Verification Code for verifying the income tax return to get rid of […]

Read more

NPS Withdrawal and Exit Rules Relaxed

Makover of NPS Withdrawal and Exit Rules Government is doing everything to allure people towards NPS. Recently, NPS account opening form has been cut down from 6 pages to 2 pages. Subscribers opening account through banks are not required to furnish KYC (Know you customer) details, if it’s already been done by Banks. Also, in budget 2015, an additional deduction of Rs.50,000/- is made available for contribution towards NPS u/s 80CCD. This made people inclined towards NPS but there was one more change which had to be done to rope in the interest people to open NPS account, i.e. Relaxation […]

Read more
1 2 3 15