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It is said death and taxes are the only two certainties in one’s life. But while the tax bit is certain, tax rates are not. Stock markets around the world went into panic mode recently as rumours floated that the US government planned to increase capital gains tax of Americans earning more than $1 million from 20% to 39.6%. As the rumour remained unconfirmed, the jitters subsided and the markets recovered.Indian investors need to worry more because tax changes are a regular affair in the country. While some of the changes have benefitted investors, some have been disruptive. One of the main reasons behind the frequent changes have been demands for a ‘level playing field’ by different industries. The banking lobby’s pressure for a level playing field between bank FDs and debt mutual funds resulted in the increase of holding period for long-term capital gains from non-equity funds from 12 months to 36 months. Demand of fund houses for a level playing field between mutual funds and Ulips resulted in imposition of tax on Ulips, should the annual contribution go above Rs 2.5 lakh.
Company or Corporate fixed deposits are similar to bank FDs, where depositors put their money in the hands of the issuing company rather than the banks. Company fixed deposits may provide decent returns that are higher than bank FDs, although with
Though investors may be dissatisfied with any interest rate hike, fixed deposit investors may smile because, after a long stretch of interest rate declines, the RBI has suggested that rates may increase in the near future. Poor interest rates on fixed
When it comes to tax-saving investments like bank FDs, National Savings Certificate (NSC), National Pension System (NPS) and so on, both the Equity Linked Savings Scheme (ELSS) and the Public Provident Fund (PPF) can also be considered as a smart bet
FT. WORTH, Texas, March 4, 2021 /PRNewswire/ -- Today, FDS, a pharmacy software solutions company, and Amplicare, its sister company since their merger in Sept. 2020, announced a new brand; FDS Amplicare. The new brand embodies the collective strength the organization offers pharmacies…
The Supreme Court had earlier in December 2017 rejected the ED's appeal seeking to make Tech Mahindra liable for the alleged money laundering of over Rs 820 crore by erstwhile Satyam Computer Services.
With effect from 8 February 2021, Canara Bank has revamped interest rates on deposits which are less than 2 crores. Interest on deposits maturing in one year has been lowered by the bank. Canara Bank has higher interest rates on FDs
This move allows retail investors to directly invest in the safest fixed income avenue in the country and gives an alternative safer than bank fixed deposits. However, bank FDs and gilt mutual funds would still offer some benefits over direct investment in gits.
As Pharmacies Rally to Support Communities Thru COVID, FDS Experiences Significant Demand for Medical Billing/Medicare Selection Tools04 Feb, 14:30, PR Newswire • 拡大
FORT WORTH, Texas, Feb. 4, 2021 /PRNewswire/ -- As pharmacies across the U.S. step up to support their communities during COVID-19, FDS, Inc., a leading pharmacy technology provider, is experiencing significant growth in delivering financial, analytics, and clinical care solutions to meet…
A good approach to enhance your wealth is to invest, and in order to gain the best return on investment there are many high-return investing opportunities, such as Public Provident Funds, bank or corporate fixed deposits, post office savings schemes, FDs
In December 2020, the International Tropical Timber Organization (ITTO) endorsed a proposal by the Forest Department Sarawak (FDS) for what’s come to be known as the Baram Peace Park, covering 2,835 square kilometers (1,095 square miles) on the island of Borneo. Proponents of the park say it will protect wildlife, forest-dependent livelihoods, and the last […] The post Timber organization’s backing ‘one step’ toward ‘peace park’ in Borneo appeared first on South Africa Today .
One of the most common investment strategies is the Fixed Deposit (FD). Numerous individuals, as the latter are assumed secure, favour bank FDs over stocks. Unlike in the case of bonds, the return received by a bank FD is set and
FactSet Research Systems Inc. (NYSE:FDS) Director Joseph Zimmel sold 1,550 shares of the business’s stock in a transaction that occurred on Thursday, January 14th. The stock was sold at an average price of $325.88, for a total transaction of $505,114.00. Following the sale, the director now owns 2,404 shares of the company’s stock, valued at […]
Tax saving fixed deposit is a form of deposit scheme in which, under section 80C of the Indian Income Tax Act, 1961, you can get tax benefits. Which implies that one can claim a deduction of up to Rs 1.5 lakh
Bank Fixed Deposits (FDs) interest rates are at record lows. Banks are presenting FDs with additional perks, such as health insurance in order to lure more investors. In November 2020, DCB Bank introduced an FD with healthcare insurance. ICICI Bank also
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