Author Archive

Advance Tax – Due Dates

Advance-tax-due-date-payment-mode-instalments-Presumptive-Taxation-Scheme-,electronic payment mode, internet bank, assessing officer, companies, auditing
Advance Tax is covered under Section 208 of Income Tax Act. As per this Section, every person whose estimated tax is Rs.10,000 or more shall pay the tax in advance in the form of Advance tax. Advance
19 Jun 19 Author CategoryCorporate Taxes, Personal Income Tax No Comment Read More

Rate of Income Tax For Companies & Firms -FY 2019-20 (AY 2020-21)

Tax, rates of tax, Rates of Income Tax, partnership firm, limited liability partnership, LLP, local authority, co-operative society surcharge, health cess, education cess, rebate, 87A, income slab, resident, individual, huf, BOI, AOI, artificial person taxed, income tax, income, AY, FY, 2019-20,2020-21, assessment, financial, year
Rules of Income Tax Act are subjected to periodical revisions and the rates undergo changes. Different tax rates are stipulated for various categories of taxpayers and for different sources of income. The rates of  income tax applicable
18 Jun 19 Author CategoryCorporate Taxes, Personal Income Tax No Comment Read More

Rates of Income Tax – FY 2019-20 (AY 2020-21)

Tax, rates of tax, Rates of Income Tax, surcharge, education cess, rebate, 87A, income slab, resident, individual, huf, BOI, AOI, artificial person taxed, income tax, income, AY, FY, 2019-20,2020-21, assessment, financial, year
Rules of Income Tax Act are subjected to periodical revisions. Accordingly, the rates of income tax also undergo periodical changes. Different tax rates have been stipulated for various categories of taxpayers and for different sources of income.
16 Jun 19 Author CategoryPersonal Income Tax No Comment Read More

General Lien and Particular Lien

Lien, deposit, general lien, particular lien, Indian Contract Act, Section 170, Section 171, contract to the contrary
Lien is defined as the right possessed by a person to retain or detain the goods or property belonging to another person for the non-fulfillment of an obligation by that other person. Two kinds of lien are
3 Jun 19 Author CategoryBanking Terms, Banking Terms - Loans, Everything About No Comment Read More

Title Deed and EM with Laminated Title Deed

Title deed, EM, laminated title deed, lamination, mortgage, equitable mortgage, probated will, registered sale deed,
Title deed is a deed constituting the evidence of a person’s legal ownership of an asset or property. Deed represents an instrument containing details of legal transfer, bargain or contract.  The term title deed is normally used
1 May 19 Author CategoryBanking Terms - Loans, Legal Terms and Matters No Comment Read More

Portfolio Investment Scheme (PIS) for NRIs

Portfolio Investment Scheme, PIS, PIS account, PIS scheme, DP account, Trading account, NRI,PIO, OCI, investment, secondary market, share, debenture, KYC
Portfolio Investment Scheme (PIS) is a scheme that enables NRIs, PIOs and OCIs to purchase and sell shares and convertible debentures of Indian companies. The scheme is approved by the Reserve bank of India. NRIs and PIOs
30 Apr 19 Author CategoryEquity, Fixed Deposit Interest Rate, Other Investments No Comment Read More

NRI, PIO, OCI,OCB, FI, FDI and FPI – Definitions

NRI, PIO, OCI, OCB, FI, FDI, FPI, equity, share, automatic route, direct route, fully diluted, share warrants, equity share, debenture, fully converted, convertible, investment, investor, RBI
An investment advisor or a inexperienced NRI often faces difficulty while advising and taking investment decisions. NRI, PIO, OCI, OCB, FI, FDI and FPI are certain terms that often create confusion in the minds of investors and
29 Apr 19 Author CategoryEquity, Forex, Remittances, NRE, Investment Guide One Comment Read More

Stamp Duty Goes Up For EM Letters in Kerala- Bank Loans Become Costly 

EM letter, EM, stamp duty, equitable mortgage, loan, primary, collateral security, landed property, immovable property, amendment, Kerala stamp Act, bank loan, Letter of Request, letter in lieu of redeposit, release deed, commercial bank
EM letters (Equitable Mortgage Letters) started attracting stamp duty in the state of Kerala from April 1, 2019 making home loans and other loans secured by immovable property costlier. Stamp duty associated with home loans and other
28 Apr 19 Author CategoryBanking News, Housing Loan, Other Loans No Comment Read More

Arbitrage Fund-Short Term Tax Efficient Investment

arbitrage funds, derivatives, shares, arbitrage, equity mutual fund, price differential, LTCG, return, investment, instrument, India, market, underlying, volatility, naked position
Arbitrage fund is a category of equity mutual fund that takes advantage of the price difference for shares in cash market and futures of same shares in derivative market. Derivative is a financial instrument that derives its
23 Apr 19 Author CategoryMutual Fund, Other Investments No Comment Read More

Different Types of Mortgages-A Comparison    

Different types of mortgages, Simple mortgage, Mortgage by conditional sale, Usufructuary mortgage, English mortgage, Equitable mortgage, Anomalous mortgage, Transfer of Property Act 1882, mortgagor, mortgage, notified centre, title deed
Mortgage is defined as transfer of interest in specific immovable property for the purpose of securing the payment of money advanced or to be advanced by way of loan, an existing or future debt or the performance
7 Apr 19 Author CategoryBanking Terms - Loans, Quick Reference No Comment Read More