Monday, 15 October 2012

Due date of Service Tax return for April- June’2012 extended to 25-11-2012

Due date of filing of Service Tax returns for the period 01-04-2012 to 30-06-12 has been extended from 25-10-2012 to 25-11-2012 Rule 7 of the Service Tax Rule,1994 – Returns – Extension of Time Limit to file return in form ST3 ORDER No 3/2012 (F.NO.137/99/2011-ST), dated 15.10.2012 In exercise of the power conferred by sub-rule (4) of rule 7 of the service tax rule, 1994, the CEBC hereby extends the date of submission of the return of the period 1st April 2012 to 30th June 2012, from 25th October,2012 to 25th November’12. The circumstances...

Sunday, 14 October 2012

Investment Options for a Non Resident Indian (NRI)

NRI want to invest in India and with increase in liberalization, more and more opportunities are available for investment in India. With the growth of Indian Companies and Global Acquisition made by Indian firms in last two years, many sectors   emerged as an investment option in India such as real estate etc. In this discussion we shall first discuss the process to be followed by NRI for investment and the area’s where NRI can make investments. Bank Accounts One of the first things you should know as an NRI is that your existing...

Endowment versus money back Policy

Selecting insurance products can be confusing. There are products like unit-linked insurance plan (Ulip) where the policyholder can choose to invest in different securities and get market-related returns. Then, there are plans that promise to return a fixed sum. However, there have been two kinds of plans that have been popular with every person seeking insurance – endowment and money back plans. And there is a confusion that exists on the difference between the two. Here’s a primer: Plans that return money during the policy tenure are money-back...

Term Insurance Vs Endowment Insurance

In today’s market insurance product are bought and sold for saving, investment and tax saving purpose by large no. of people. This is how people are misguided, the actual and correct meaning of the life insurance is to protect your dependent from uncertainties i.e ‘Death’ of earning member of family. When something happens to the earning member of the family, the insurance is supposed to provide financial support to dependents so that they can lead a normal life. Therefore while you choosing any product of Life Insurance Co, one important...

Monday, 8 October 2012

SBI Launched Personal Accident Cover for Just Rs.100

SBI Generl Insurance launched an amazing Personal Accident Insurance Offer offer for it’s Saving Account Holders:- Just pay Rs. 100 annual & Get Rs. 400,000 Personal Accidental Insurance. Each permanent Indian residence having Saving Bank Account with SBI and ages betwen 18 years to 65 years can take policy of 4 Lakhs for a nominal annual premium of Rs.100. The insurance provider is SBI General. Policy covers loss of life due...

Money

Money Money as the word sound is what very essential in everyone lifes. In today's world the very popular phrases " life is a bed of roses" have no meaning in real term without money. Though there are also other factors which are required for leaving a great life but money is essential amongs them. It is thus rightly said "Money Money Money sweeter then honey". In our coverage, we shall be trying to bring for our reader, different financial...

How to find out Generic value of Medicine

Not with respect to the usual topics related to finance covered through this blog we would like to share some useful information which we came across. We are just sharing the facts it might be useful tips to somebody. We too request to share as many as you can so that can help other to take benefit out of this: How  to find out composition of a medicine and pay as per their generic value: Medicines are prescribe by our doctors by their brand name and not by their generic name, and what we actualy pay is lot more than its generic value. Follow...

Wednesday, 3 October 2012

Charging of Service tax on Railway Ticket and refund of service tax on cancellation of ticket issued on or after 01.10.2012

Levy of Service Tax on Railway Passengers Travelling in Ac Classes/First Class from 1st October 2012   No Service Tax to be Levied on Tickets Issued Prior to 1st October 2012   In Case of Cancellation of Tickets Issued on or after 1st October 2012, the Applicable Amount Including Service Tax to be Refunded by Railways along with refund amount.   The Ministry of Railways has made partial modification in levy of Service Tax on the fare of passengers travelling in AC Classes/First Class from 1st October 2012. As per...

Wednesday, 29 August 2012

CGTMSE- Credit Guarantee fund Trust For Micro and Small Enterprises

CGTMSE guarantees collateral free/third party guarantee free credit facilities upto Rs.100 lacs sanctioned by its Member Lending Institutions (MLIs) to eligible Micro and small Enterprises. Objective Availability of bank credit without the hassles of collaterals / third party guarantees would be a major source of support to the first generation entrepreneurs to realise their dream of setting up a unit of their own Micro and Small Enterprise (MSE). Keeping this objective in view, Ministry of Micro, Small & Medium Enterprises (MSME), Government...

Sunday, 19 August 2012

LIC Online Purchase Option - JEEVAN AKSHAY VI, Its Pension Policy

Pension Plans Pension Plans are Individual Plans that gaze into your future and foresee financial stability during your old age. These policies are most suited for senior citizens and those planning a secure future, so that you never give up on the best things in life. You ‘ve waited long enough to enjoy this moment – LIChas introduced new pension policy JEEVAN AKSHAY – VI. This policy is now available online at www.licindia.in. Now we shall...