Individual taxpayers need not declare high-value transactions

The Central Board of Direct Taxes (CBDT) has given a breather to individual tax payers from declaring high-value transactions with banks, mutual funds, credit cards, etc via the income tax return forms. The newly notified income tax return forms for the Assessment Year 2011-12 – including Sahaj, Sugam, ITR 2, and ITR 3 – do […]

Home Loan rates set to go up more

Buying a new home will become more expensive with banks set to hike lending rates by a quarter to half a percentage point after the Reserve Bank of India (RBI) raised key policy and savings rates. For existing home loan borrowers, too, rates will go up by the same extent. On a positive note, rates […]

Rise in key rates income better returns on FMPs

Investors in debt mutual funds find themselves in a sweet spot each time there is an announcement of a rate rise. Fixed maturity plans (FMPs) especially become more popular because of the tax benefits these offer. At present, investors in an FMP with an all-bank certificate of deposit (CD) collection can expect an annual return […]

Corcentric to Exhibit at International Accounts Payable Professionals’ Fusion 2011

(1888PressRelease) Corcentric to Exhibit at IAPP’s 2011 Fusion Conference, the Premier Event for Financial Operations Professionals. McLean, VA – Corcentric, a leading provider of Accounts Payable and Accounts Receivable automation solutions, today announced they will host booth #213 at the International Accounts Payable Professionals’ (IAPP) 2011 Fusion Conference. This conference will take place May 8-12, […]

RBI increase interest rate on savings a/c to 4%

Worry value on the money untruthful in savings funds accounts gift go up by half a proportion muzzle with the Correctitude Container determinative to hike it to 4 per coin. The deposit-holders in the Savings Bank(SB) were receiving the grade unchangeable octad eld ago. Withal, the move module refer the expenditure of borrowing for the […]