CREDAI welcomes RBI announcement to cut repo rate

CREDAI welcomes RBI announcement to cut repo rate Hopes this ushers an era of reduction in home loan interest rates in FY16 The Confederation of Real Estate Developers’ Associations of India (CREDAI) the apex body for private real estate developers in India  welcomed the move …

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Consumer and NPPA on 7 March 2015 at Chennai

Consumers association of India along with NPPA is arranging a Seminar titled "Consumer and NPPA " on 7 th March 2015 highlihting the activities of NPPA  in reduction of Prices of Medicines. Details of the Seminar are as follows Date  :  7.3.15, Saturday Time  : 9…

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Budget 2015-16: TDS introduced for RDs Interest

Budget 2015-16: TDS introduced for RDs Interest... You might not have heard this in the budget  2015-16 speech, but now the   Tax Deducted at Source (TDS) will be cut even for the recurring deposits. (RDs) Till now for so many years, TDS was deducted only in case of fixed depos…

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Immoveable Property: Can Not Accept Over Rs. 20,000 in cash

Budget 2015-16: In a move that will help the Income Tax authorities keep track of money trail, one can not accept or / repay over Rs 20,000 in cash, for any advance towards purchase of immoveable property. Similarly, any purchase or / sale exceeding Rs. 1 lakh will now requir…

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Budget 2015-16: Income Tax Neutrality in case of Merger of MF Schemes

Budget 2015-16-  Income Tax Neutrality in case of Merger of MF Schemes A positive for mutual fund (MF) investors is that scheme mergers – within equity funds or / within other categories, would not be taxed under capital gain. In other words, such a merger would not be treat…

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Budget 2015-16: Health Insurance Premium Deduction, is it very Useful?

The budget 2015-16 appears to encourage its citizens to get adequate medical cover. For individuals (other than senior citizens), the deduction allowed under Section 80D for health insurance Premium is up by Rs. 10,000 to Rs. 25,000. ( (from Rs 15,000) The deduction allowed f…

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Budget 2015-16: Sovereign Gold Bondss

Budget 2015-16: Gold Invest Bonds.. To provide an opportunity to invest in gold without increasing the demand for the yellow metal (Gold), the budget 2015-16 proposes a Sovereign Gold Bond. It will earn interest & allow you to redeem it in cash, equivalent to the gold fa…

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Budget 2015-16: Interest exemption for Sukanya Samriddhi Scheme

While the Sukanya  Samriddhi scheme (Girl Child Savings Scheme)  was earlier declared as being eligible under Section 80C deduction (up to Rs. 1.5 lac), the budget 2015-16 also proposes to make the interest income from the scheme exempt from tax. This is effective the curren…

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Budget 2015-16: Additional Rs. 50,000 deduction for NPS..!

In a move aimed at encouraging investors to opt for New Pension Scheme (NPS), the budget 2015-16 proposes an additional deduction (over and above Section 80C deduction of Rs. 1.5 lac), of Rs 50,000 under Section 80CCD for contribution made to the new pension scheme. This is…

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DTCP & PANCHAYET APPROVED VILLA PLOTS FOR SALE at KATTAVAKAM VILLAGE Near WALLAJABATH

DTCP & PANCHAYET APPROVED VILLA PLOTS FOR SALE @ KATTAVAKAM VILLAGE Near WALLAJABATH & NELLIKUPPAM ROAD NEAR GST ROAD TO NELLIKUPPAM - GUDUVANCHERY - CHENNAI - TAMIL NADU - INDIA 1. DTCP  APPROVED  VILLA  PLOTS  FOR  SALE   @  KATTAVAKAM VILLAGE  Near   WALLAJA  BATH…

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