Income Tax: Know Your Ombudsman..!

OMBUDSMAN Delhi : 011(National Capital Territory) Room No 251, Central Revenue Building, I.P. Estate, New Delhi-110 002 Mr. Prakash Chandra, Income Tax Ombudsman Phone:011-23379925 (O) Fax: 23378551 E mail : delhi-itombuds@nic.in <delhi-itombuds@nic.in> Kanpur: 0512 (U.P &am…

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A to Z of Income Tax Ombudsman..!

The Income Tax (I -T) Department’s website has become a single window for various I -T related activities, like IT filing tax return, applying for a Permanent Account Number (PAN), locating an assessing officer (AO), and many others. But, redressal of taxpayer grievances rema…

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RBI Raises Gold Loan Limit to Rs. 2 Lakh..!

The Reserve Bank of India (RBI) has raised the limit for urban co-operative banks (UCBs) to sanction loan Rs. 2 lakh against gold collateral to from Rs. 1 lakh at present. The urban co-operative banks are allowed to give gold loan under the bullet repayment scheme.  The bullet…

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Shiv Nadar Buys a Rs. 115 cr Bungalow for Daughter Roshni

In one of the latest bulge-bracket property deals in the national capital, Delhi HCL chairman Mr. Shiv Nadar has bought a bungalow in the Friends Colony East area of Delhi for his daughter Roshni Nadar Rs. 115 crore.for  This is one of the largest transactions in recent time…

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Radha Energy Cell: Solar Street Light Luminary

Radha Energy Cell-  Solar Street Light Luminary “ Now save energy by using Milky White LED’s    To save 80% Power in interest of nation.” MADE  IN  INDIA Solar Street light luminary..!

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Does an IPO grade, which indicates 'Strong Fundamentals’ mean I could subscribe safely to the issue?

Does an IPO grade, which indicates ‘above average or strong fundamentals’ mean I could subscribe safely to the issue?             1. Yes, because company will progress and give higher return in future.             2. No, it should be read with disclosure in prospectus, risk f…

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Can an investor appoint a nominee for his investment in units of a MF?

Can an investor appoint a nominee for his/her investment in units of a mutual fund? 1. Yes, only if he/she is applying / holding units singly.           2. Yes, only if he/she is applying / holding units jointly.           3. No, nominee can not be appointed for his/her inves…

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ICICI Bank Quarter ended September 30, 2014: Net Profit Up by 15%

· 15% year-on-year increase in standalone profit after tax to Rs. 2,709 crore (US $ 439 million) for the quarter ended September 30, 2014 (Q2-2015) from Rs. 2,352 crore (US$ 381 million) for the quarter ended September 30, 2013 (Q2-2014) · Operating profit increased by 21% t…

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FDI Norms Eased: Affordable Housing Gets Leg Up

FDI Norms in Construction:Cabinet Relaxes The Cabinet has relaxed norms for foreign direct investment (FDI) in construction development to make the sector more attractive for overseas investors. The minimum built-up area requirement for FDI in construction projects has been r…

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Central Govt.’s FDI Decision Comes In The Nick Of Time..!

By Mr. Anuj Puri, Chairman & Country Head, JLL India The government’s decision to relax FDI rules in the construction sector literally comes in the nick of time for Indian real estate. During the current fiscal year until August, 2014 India has received FDI inflows worth…

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