BSE Market Info

Income taxable only if an individual is a resident Indian
Income tax returns filed after due date cannot be revised

Income tax returns filed after due date cannot be revised

However, a belated tax return has various shortcomings
Long-term savings benefit from the power of compounding

Long-term savings benefit from the power of compounding

The earlier you start saving, the easier it becomes to achieve goals
Most term insurance policies do not offer surrender value

Most term insurance policies do not offer surrender value

So, in case of discontinuance, you would not get any money back
Residential status determines tax implementation

Residential status determines tax implementation

Residential status is dependent on physical presence in India during the financial year
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From 1 June, TDS will apply on interest from RDs
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From 1 June, TDS will apply on interest from RDs

TDS at 10% is applicable if the interest income during the relevant financial year exceeds Rs.10,000
Fire and special perils policy covers 12 risks
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Fire and special perils policy covers 12 risks

There are certain policies that provide an all-risk coverage subject to named exclusions
Gift is considered valid only when it is made voluntarily
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Gift is considered valid only when it is made voluntarily

Registration is mandatory for gift of movable property when it is effected by a deed of gift
Investors have rights if redemption is not done on time
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Investors have rights if redemption is not done on time

Sebi has specified that the MF will have to pay an interest for every day the payout is delayed
Income from sale of shares does not attract tax at source
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Income from sale of shares does not attract tax at source

Capital gains earned from the sale of shares are subject to capital gains tax
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