Author: Admin

Many people underestimate the hurt that taxation causes to their investment. Let us take an example. If you invested Rs. 100,000 in a RBI bond which pays 8% p.a. before taxes, you will get Rs. 8000 as interest and assume… Read more

Indian elite (with whom I deal) is an amazing lot. I frankly do not know about people in other countries, so let me speak for Indians alone. We like to complain about – poor service of trains, poor roads, corruption,… Read more

Most people I know pay taxes and also file tax returns. However to say that they file taxes honestly is a little difficult to say. As a social psychologist if you do analyze why people do not pay taxes, the… Read more

All insurance plans will become taxable – this is terrible news for life insurance policy holders. How capital gains will be calculated will be a major issue. The cap gains calculation will have to be done by the life insurance… Read more

The Central Government have specified bonds to be issued by (i) Industrial Finance Corporation of India;( IFCI ) (ii) Life Insurance Corporation of India; (L I C) (iii) Infrastructure Development Finance Company Limited; and ( I D F C) (iv)… Read more

I hate reading ‘draft proposals’ – and this hatred came from the student days hangover. When we were studying for the CA exam we had to know the ‘ACT’ and the changes that were made in the 6 months before… Read more

If I did not know how the government works (no even now I do not, but some readers may think I know), I would have believed that the brokers association has done a good lobbying job. That does not seem… Read more