Archive for September, 2009

CHILDREN’S INSURANCE HELPS GENERATE FUNDS WHEN NEEDED

By admin at 23 September, 2009, 3:25 pm

A child's insurance plan helps you meet later expenses such as education and marriage. Life insurance plays an important role in an individual's financial planning exercise. Insurance can assist individuals in planning for their own life stages as well as provide for their children's future. It also secures a child's future in case of any unfortunate event. Various kinds of child insurance products are availabl [...]

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Amendment in Electronic Furnishing of Return of Income Scheme, 2007

By admin at 23 September, 2009, 9:35 am

Notification No. 70/2009, dated 22-9-2009 In exercise of the powers conferred by sub-section (1B) of section 139 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following amendment in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), vide S.O. 1281(E) dated the 27th July, 2007, published in the Gazette of India, Extrao [...]

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New FVU(file validation utility)2.128 released for e TDS /e TCS returns

By admin at 22 September, 2009, 9:42 pm

Few days earlier some changes has been done in data of e TDS return .Now to validate new data changes Tin-Nsdl has released its new FVU(File validation utility) version 2.128 which required for e-TDS return furnished from 01.10.2008 .The new FVU can be downloaded from the link Given below Extraction of e-TDS/TCS FVU: To extract these files, double-click on 'e-TDS FVU.exe'. A 'WinZip Self-Extractor - e-TDS [...]

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Earn well, spend less(Investment is a Marathon, not a Sprint)

By admin at 22 September, 2009, 7:02 pm

Earn well, spend less Spend less than your earn. Save a portion of what you earn. Boost income, rein in spending and maximize savings. Follow the rule of three and you will be set up for life. Spend only 30 percent of what you earn Loans should not exceed 30 percent of your income Save and invest 30 per cent of your salary Invest in yourself Your greatest financial asset is you or rather your caree [...]

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Health Insurance policies in India – An Overview

By admin at 22 September, 2009, 3:23 pm

There are several health insurance or medical insurance plans in India. These can be divided into the following categories based on the coverage offered: Comprehensive health insurance coverage: These plans provide you complete health coverage through a hospitalization cover while at the same time also creating a health fund to cover any other healthcare expenses. Click to know more about our comprehensive cove [...]

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Why is retirement planning important?

By admin at 21 September, 2009, 3:22 pm

Retire from work. Not from life. A retirement plan is an assurance that you will continue to earn a satisfying income and enjoy a comfortable lifestyle, even when you are no longer working. To understand why an increasing number of individuals have already started planning for their retirement, and why you should too, read on. Independence is the new way of life: An increasing number of young Indian professi [...]

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Mumbai TDS mopup rises 8% in Apr-Sept

By admin at 21 September, 2009, 3:20 pm

Tax deducted at source (TDS) collections in Mumbai for the April-September period have crossed last year’s figure with income-tax collections showing an 8% increase, according to figures available till last week. Income-tax officials said if the economic recovery continues for the remaining part of the current fiscal year, TDS collections as well as regular tax collections could end up on a higher note. Mumbai’ [...]

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