India Income Tax Rates FY 2012-13 | AY 2013-14

The proposed Income tax rate (DTC) rates for individuals applicable for year 2012-13 are as below.
Due date to File income tax return  for Assessment Year 2012-13 for non -audit cases is 31.07.2012. Rule 12 for  filing of income tax return has been amended and now Individual/ HUF having  income exceed 10 …

Tribhovandas Bhimji Zaveri IPO – Avoid

Mumbai based Tribhovandas Bhimji Zaveri (TBZ) is tapping the capital market with its public issue of more than 1.66 crore equity shares, diluting 25% stake. TBZ plans to open an additional 44 showrooms (26 large format high street showrooms, 18 small format high street showrooms) by the end of fiscal …

Investing in Gold?- ETFs is the way to go

Asset allocation remains the prime differentiating factor, more so in times of volatility as witnessed currently, Gold as an asset allocating tool or diversifier is often considered to be an excellent portfolio diversifier.
Gold ETFs are a smart, and easy way to invest in Gold in a demat form. They offer easy …

NBCC IPO: Price band 90-106 – Invest

National Buildings Construction Corporation Ltd (NBCC) is entering the capital markets with an initial public offer of 12 crore equity shares. The government is looking to divest 10% equity in the civil construction and real estate project consultant, aims to raise over 120 crore.

IPO Price: price band of 90-106 with …

India Union Budget 2012-13 : Snapshot

Excise duty on big cars raised to 24%
Luxury item, eating out, air travel became more expensive
Service Tax rate hike to 12% from 10% earlier
Baggage allowance raised from Rs 25,000 to Rs 35,000 for the people of Indian origin (adults) and from Rs 12,000 to Rs 15,000 for …

Warren Buffet calls his housing prediction ‘dead wrong’

In his annual letter to Berkshire Hathaway (BRKA) shareholders, which was released on Saturday (02/25), Buffet says he strongly believes a real estate recovery is on the horizon. Yet he admitted that he was “dead wrong” with a prediction that the U.S. housing market would begin to recover by now.
He …