Expectations from Budget 2016

Hereโ€™s a short summary of what we expect from budget 2016 and we hope that the Finance Ministry obliges. 1. Direct and Indirect Taxes At present, for individuals the non taxable income limit is Rs. 2.5 lakhs and for senior citizens, the limit is Rs. 3 lakhs. For very...

Tax Deductions – ‘Rarely Known’

Dear readers, there is a useful article published by ET Wealth. Paying more tax than is due is bad enough. It’s worse if you don’t even know you have overpaid and are eligible for a refund. Many youngsters are not conversant with tax rules and fail to...

Know All About Chit Funds

Recently we came across very interesting article in ET Wealth on Chit Funds…. It's a personal loan, a recurring deposit and a kitty party rolled into one. A chit fund means many things to many people. For someone seeking a loan, it is a source of costly,...

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