Who Can Use ITR 2A, Who Cannot Use ITR 2A? All About Income Tax Return 2A Form

Finance Ministry of India has introduced a set of new Income Tax Return forms including ITR 2A for taxpayers to file their returns for current assessment year 2015-16. Previously, salaried people were supposed to fill the ITR-2 form which is considered as complicated. In order to ease that complexity of filling the form, this new ITR-2A form has been released. The …

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Delhi Budget 2015-16: ‘Swaraj Budget’ Highlights

Aam Aadmi Party government, led by Arvind Kejriwal has announced Delhi Budget 2015-16 today. Deputy Chief Minister of Delhi, Manish Sisodia presented AAP government’s first budget termed as Swaraj Budget in Delhi Assembly. This budget is for the remaining nine months of the financial year 2015-16. While announcing the budget, he also told that they have taken into account, the expectations of people people in Delhi. While …

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One Rank One Pension Scheme For Ex-Servicemen: All You Need To Know

One Rank One Pension (OROP). Does this phrase seem known to you? OROP is a very common phrase which must have heard lately on news channels. This demand of One Rank One Pension is not new. Indian armed forces personnel have been demanding this scheme for quite a long time. This term simple means that the retired Indian military personnel of the same rank and …

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Budget 2015: How New Service Tax @14% Will Impact Your Pocket

While Union Budget 2015 is said to be a bold budget, it came with mixed announcements, some of which are positive for the pockets while some are not. Finance Minister Arun Jaitley also announced increase in Service Tax from 12.36% to 14%. Increasing expenditure of consumers, the new Service Tax @14% on services has taken effect from June 1, 2015. Though …

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Indian Budget 2015: Expectations, Highlights & Expert Analysis

The full-fledged Union Budget 2015 has been announced  by Finance Minister Arun Jaitley today, on February 28th, 2015. With the Rail Budget 2015-16 bringing no significant sops for the poor, all eyes were on Arun Jaitley today right from when he flashed the briefcase before entering the Parliament in the traditional way. What needs to be seen is whether the finance minister has been able to …

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Highlights Of Railway Budget 2015-16

Modi government has been under a lot of pressure to deliver the promises which helped  it to come to power, also the expectations of rail passengers were very high from the Government. Expectations were that there would be an increase in the Budget, but now what needs to be seen is that whether there has been a fair hike? And …

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New Minimum Average Balance Guidelines- Must Know Facts

The India’s Central Banking Institution, RBI (Reserve Bank of India) has given the guidelines for levy of penal charges on non-maintenance of minimum balances in savings bank accounts by the customers. These guidelines are a part of First Bi-monthly Monetary Policy Statement, 2014-15 announced on April 1, 2014, regarding ‘Developmental and Regulatory Policies’ proposing certain measures towards consumer protection. RBI said, “In case the minimum balance is …

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Mutual Funds Colour Coding And Its Significance

Many regulatory changes have been made by SEBI (Securities and Exchange Board fo India) with respect to growth of mutual fund industry and investor’s benefits. Mutual fund colour coding is one such example of regulatory changes. Though, this mechanism has not produced desired result, it is aimed to provide investors an easy understanding of the mutual fund scheme in which …

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2014 DDA Housing Scheme Draw Results: Postponed Indefinitely

Updated on 17th November 2014 The wait does not seem to be coming to an end. In fresh developments, DDA has now announced that the draw of lots can not take place on 17th Nov 2014 as well and has been delayed indefinitely. The mock draw of lots is taking much more time (6 to 8 hours) than the expected …

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Bank Loan Closure: Not Taking NOC Might Get You In Trouble

Before entering into dealers showroom for buying a vehicle or property, buyer looks at the interest rates that the various banks offer. Getting car, property or personal loan is not difficult these days, but it could get you into trouble later in life and hurt your CIBIL score (credit history). Closure of bank loan is as important as the opening …

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2014 DDA Housing Scheme Delhi Announced, Details And How To Apply?

2014 Delhi Development Authority (DDA) Housing scheme 2014 has 25,043 flats to be allotted through draw of lots which happen on 29th October 2014. In this scheme, there will be flats across different categories including the economically weaker sections (EWS), MIG, LIG and HIG flats too. The EWS category flats start from Rs. 12 Lakhs, flats for middle class are in …

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2014 Indian Budget Highlights- Income Tax Changes And Announcements

Here are all the important 2014 Indian budget highlights including income tax changes, direct and indirect tax announcements and other economic decisions announced by Finance Minister Arun Jaitley on 10th July 2014. We have included all important topics including Direct taxes like Income Tax, social and infrastructure projects, FDI, Banking reforms, defense and education budget, minorities, education, rural and urban …

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2014 Rail Budget Highlights, Fares And Announcements; Live Updates

Below are the major highlights and key take away from the 2014 Indian Railway budget presented in Lok Sabha by NDA Rail minister Mr. Sadananda Gowda on 8 July 2014. A lot of announcements are related to new trains including bullet trains, women safety and security, revamp rail infrastructure, measures to improve food & hygiene inside trains and FDI. Sadananda Gowda has …

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All about Inflation-Linked Bonds For Indian Retail Investors

Inflation Linked Bonds are basically framed to provide protection against inflation to the investors. They are the best replacement of gold investment, the benefit is that the principal amount also increases with the inflation, through it inflation risk is also minimized. It was first issued in 1780 by Massachusetts Bay Co. In India RBI has designed it with government of …

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Employee Provident Fund (EPF) Interest Rate 2012-13

EPF interest rate is the rate of interest which all the members of EPF gets on there deposits. The Central Government revises rate of interest on EPF scheme every year in the month of March/April depending upon the revenues. Change in interest rate of EPF affects all most 6 Crore people across the country who are part of this scheme. …

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