Archive | February, 2009

Home loan interest Exemption may be hiked to Rs 2lakhs

February 13, 2009

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The interim budget to be announced on Monday could bring some cheer to consumers and investors as acting finance minister Pranab Mukherjee may use the opportunity to announce one more stimulus package in the form of targeted tax incentives. Sources in the government told TOI that Mukherjee may announce tax sops aimed at boosting the [...]

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Invest on WebSites

February 4, 2009

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Introduction In this blog I will be writing about the new kind of investment which most of  you are come across. I would like to advise people who are working on computers to spend atleast minimum mount of time to invest on the internet. It is not necessarily to earn money, but it may give [...]

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EPF (PF) Transfer and Form 13

February 2, 2009

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In this article I will be writing about the Employee Provident Fund (EPF) or PF transfer from one employer to another employer and what is the use of Form 13 . Job change is very normal in these days, so it become common for every one to transfer their Provident Fund(PF) to the new employer’s [...]

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Formation and Registration of a Non -Profit organisations in India under Section 25

February 2, 2009

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Section-25 Company According to section 25(1)(a) and (b) of the Indian Companies Act, 1956, a section-25 company can be established ‘for promoting commerce, art, science, religion, charity or any other useful object’, provided the profits, if any, or other income is applied for promoting only the objects of the company and no dividend is paid [...]

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Whether foreign national can be promoter(s) of section 25 company?

February 2, 2009

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FROM THE PROCEDURE AND LEGAL FORMALITIES LISTED BELOW FOR FORMING SEC. 25 COMPANIES ,YOU FIND THAT THERE IS NO BAR FOR A FOREIGN NATIONAL TO BE A PROMOTER OF SUCH CO. RBI has clarified that under the Foreign Exchange Management Act, 1999, appointment of a foreign national as a director on the board of directors [...]

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Hoax – About ICICI ATM card on SBI ATM

February 2, 2009

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In this ablog I just want to mention one of the hoax e-mail received. The e-mail subject as follows: ICICI ATM card on danger! E-mail message as follows: ICICI ATM / Debit cards can be used at SBI ATMs to withdraw money and most shocking thing is, it does not ask for your PIN**. Even [...]

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NHB offers up to 9.25% interest rate on FD schemes

February 2, 2009

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National Housing Bank (NHB) an apex housing financial institution has launched three fixed deposit schemes, with a tax-saving scheme. NHB is offering interest rate of up to 9.25 per cent. In a statement released by NHB it stated, “The funds mobilized would be used by the NHB for its business activities”. Under Sunidhi term-deposit scheme, [...]

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PayPal to SBI Card WithDraw Method

February 1, 2009

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In this blog I just want to share my experience on with drawing the amount from my PayPal account to my SBI card. This is first time I am doing this kind of transaction. About PayPal If you are new to the term PayPal, PayPal is the leading online payment method maintained by the eBay. [...]

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Income Tax Exemption on Donations (NGO) under Section 80g

February 1, 2009

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In this blog I will be writing about the Section 80g which presents the laws for tax exemptions on donations and fund spent on the NGOs. You will get the tax exemptions benefits when there is a donation for NGO’s. This law would encourage people to donate more fund for NGO’s and most of the [...]

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