Benami Transaction and Sham Transactions Prohibition of Benami Property Transactions Act, 1988, an act promulgated to prevent and prohibit “Benami” transactions in India on 5th September, 1988. The Act, 1988 has only 9 Sections and not so effective, while preventing and prohibiting “Benami” Transactions. The Act, 1988 previously called The Benami Transactions (Prohibition) Act, 1988.
How to open post office time deposit scheme The post office time deposit is an alternative to the bank fixed deposits (FD) for those looking for fixed income. It is safer than an FD as the principal and interest earned supported by the sovereign guarantee. Bank FD under the deposit insurance and credit guarantee corporation […]
Income tax department cautions TDS deductors against quarterly filing default The Income Tax Department (ITD) today cautioned TDS deductors to adhere to the stipulated deadline of May 31 for filing their statements failing which they would invite a penalty of Rs 200 for each day of default.
Which ITR form applies to you for the financial year 2017-18? The income tax authorities notified the new ITR form applicable for the financial year 2017-18 in April (online utility tools for a couple of forms have been published). An individual who is required to file a return of income for the financial year 2017-18 […]
Don’t be in a hurry to dump your midcap and smallcap schemes Investors in midcap and smallcap schemes are watching the carnage in mid- and smallcap stocks with a bit of concern. The S&P BSE mid- and small-cap indices have been in the negative territory since January. The S&P BSE SmallCap Index is down to […]