PAN Number Compulsory for 17 Specified Transactions

PAN Number Compulsory for 17  S pecified Transactions The central government in its commitment to curb the circulation of black money &  widening of  tax base has made quoting of Permanent Account Number (PAN) compulsory for 17  specified transactions.. To collect informati…

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Benami property Act 2016 Transactions : Key 5 Points..!

Benami Property Act 2016 Transactions : Key 5 Points..! 1. A benami transaction is one where a property is held by one person and the amount for it is paid by another. The transaction is done to benefit the person who pays for the property either directly or indirectly. 2. Th…

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How to show Capital Gains on sale of House in Income Tax Return

How to show Capital Gains on sale of House in Income Tax Return If you have sold house / flat, property, land or building, also called as immovable property after 3 years then you have Long term Capital Gains and have to fill Schedule CG in ITR2, ITR3 etc.   This article talk…

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If wishes were fishes we'd all be throwing nets. If wishes were horses we'd all ride. - Douglas Horton

If wishes were fishes we'd all be throwing nets. If wishes were horses we'd all ride. - Douglas Horton by Mr. B. Padmanaban, CFP CM Certified Financial Planner www.fortuneplanners.com This is the famous quote many of us know. Similarly, everyone aspire to become rich or …

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Knowing is ONE THING, Doing is DIFFERENT THING!

Knowing is ONE THING, Doing is DIFFERENT THING! by Mr. B. Padmanaban, Fortuneplanners.com In life, we tend to know many things and we often claim that we know everything, but if we know everything then our quality of life will be much better than what we are living today. So,…

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Chitra Ramkrishna quits as CEO & MD of NSE; J Ravichandran likely to take charge

Chitra Ramkrishna quits as CEO & MD of NSE; J Ravichandran likely to take charge  Chitra Ramkrishna, Managing Director and Chief Executive Office of the National Stocks Exchange (NSE), has reportedly stepped down, citing differences with the board.  Business channel ETNow…

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FD Interest Rates Are Falling, Where to Retail Investor Invest?

Fixed deposit rates are falling,where to invest? by Mr.  Suresh Parthasarathy , M yassetsconsolidation.com W ith demonetization, banks are flush with liquidity, and a few leading banks have cut interest rate on fixed deposits. One builder in Chennai is offering interest at 7.5 % …

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For long-term investors, it means opportunity - Mark Cuban

What does this mean for investors? For long-term investors, it means opportunity. Whenever there is change, and whenever there is uncertainty, there is opportunity.  - Mark Cuban

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Gold Jewellery the extent of 500 gms for married lady, 250 gms. for unmarried lady and 100 gm for male member will not be seized,

Various points clarified with respect to gold jewellery and ornaments; No limit on holding of gold jewellery or ornaments by anybody provided it is acquired from explained sources of income including inheritance.  In order to remove any doubt about the current position of In…

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