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2015
 

14 Facts That Will Make You Feel Proud To Be An Indian

  • India is a land of diversity.
  • We are home to more than a hundred different languages and have a history that goes back thousands of years.
  • Over the period, we have made discoveries that have changed the course of the world’s history.
  • Here’s a small reminder of why India is special.

Dr_APJ_Abdul_Kalam

2015
  • When disaster strikes, it is best to be prepared. Protection is the key when faced with danger, and life insurance policy acts as a shield that keeps the harm and loss at bay.
life-insurance
 

How to find optimum sum assured

  • Given that it is used by people to not only protect themselves but also their belongings and loved ones, how does one decide that a particular level of insurance, especially life insurance would be enough?

2015
  • In an era when houses have moved out of the affordability arena, home loan is an important expense in building the dream house for many tax payers. With prices shooting through the roof, the loan requirement too has gone up.
  • The good news is that the taxation benefit offered on home loan as expanded too. An individual can claim up to Rs. 1.5 lakh of principal repayment under the Section 80C, while the interest portion too can be claimed to the extent of Rs 2. lakh. This amount claimed between co-borrowers can prove to be a bigger tax saving for the family as a whole.

2015

PRESS INFORMATION BUREAU

GOVERNMENT OF INDIA

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INCOME TAX RETURN FORMS ITR 1, 2 AND 4S SIMPLIFIED FOR CONVENIENCE OF THE TAX PAYERS; A NEW FORM ITR 2A PROPOSED WHICH CAN BE FILED BY AN INDIVIDUAL OR HUF WHO DOES NOT HAVE CAPITAL GAINS, INCOME FROM BUSINESS/PROFESSION OR FOREIGN ASSET/FOREIGN INCOME; IN FORM ITR 2 AND THE NEW FORM ITR 2A, THE MAIN FORM WILL NOT CONTAIN MORE THAN 3 PAGES, AND OTHER INFORMATION WILL BE CAPTURED IN THE SCHEDULES WHICH WILL BE REQUIRED TO BE FILLED ONLY IF APPLICABLE;AS THE SOFTWARE FOR THESE FORMS IS UNDER PREPARATION, THEY ARE LIKELY TO BE AVAILABLE FOR E-FILING BY 3RD WEEK OF JUNE 2015;TIME LIMIT FOR FILING THESE RETURNS IS ALSO PROPOSED TO BE EXTENDED UP TO 31.08.2015; ONLY PASSPORT NUMBER, IF AVAILABLE, WOULD BE REQUIRED TO BE GIVEN IN FORMS ITR-2 AND ITR-2A. DETAILS OF FOREIGN TRIPS OR EXPENDITURE THEREON ARE NOT REQUIRED TO BE FURNISHED.

2015
  • On May 15, 2014, as the nation waited for the general election results and it was almost certain that Narendra Modi would be the CEO of India for the next five years, I had recommended 10 things India’s new Prime Minister should do. With just over a year since then and the government about to complete year 1 in power, a lot has happened in the country.
  • Modi has traveled the world, his party, in coalition, has formed the state government in Jammu & Kashmir; BJP has had moderate successes in other elections but was routed in Delhi by the Aam Aadmi Party. Most visibly, the government, although having an absolute majority in the Lok Sabha, is struggling to take the opposition along in the Rajya Sabha, where it is woefully short in numbers, and that has meant several important legislations are stuck.

2015

The Finance Minister in his budget speech for the Union Budget 2015-16 made the following announcement:

  • India is one of the largest consumers of gold in the world and imports as much as 800-1000 tonnes of gold each year.
  • Though stocks of gold in India are estimated to be over 20,000 tonnes, most of this gold is neither traded, nor monetized.

Financial Management