BUDGET 2008 HIGHLIGHTS

Income Tax Slabs Changed
Income tax slabs have been changed.
· Upto Rs. 1.5 lakhs: No tax. Yay. · 1.5 to 3 lakhs: 10%. · 3 to 5 lakhs: 20%. · Above 5 lakhs: 30%.
For women the first slab ends at Rs. 1.8 lakhs and for senior citizens, Rs. 2.25 lakhs. Applicable from the April 1 2008 [...]

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Creating and Increasing Wealth

Hi,
If creation of wealth could be oversimplified to minimal steps, I would simply say
1. Earn more, try to increase it constantly.
2. Save more. Strive to meet a minimal % of savings at the worst.
3. Invest the difference using common sense.

Well, amongst these 3 steps there are 1001 things that you can do.For step 1.
1. Focus [...]

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Money Lessons from previous generations

Hi,
Do you think that you are better off than your Dad’s generation?
Does the Ipod touch, the laptop and the internet make you feel blessed?
With mutual funds, a far more sophisticated stock market, ETF’s, gold funds, etc….. do you think you are managing money better than your Dad?
Think twice.
Our previous generations might have been deprived of [...]

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Tax saving strategies for all ages

Link tax saving investments to long term goal: “Like all other investments, tax-saving investments too need to be linked to your goals,” says Lovaii Navlakhi, a Bengaluru-based financial planner. Given the fact that tax-saving investments are mostly long-term investment products with lock-in periods of various lengths, it makes sense to earmark them for long term [...]

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RELIANCE POWER BONUS ISSUES- DOUBTS

Mails are flowing to me from the moment when Reliance Power issued a statement a week back saying they are going to take care of the losses that has ocurred for Retail investors .Today after a week they announced of the idea of Bonus shares to reliance power shareholders , they informed today that they [...]

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11 things NOT to do with your money

Smart investing is the key to financial happiness. It helps you multiply your money. And it certainly is not as difficult as you think.If you think you need extra money to start saving, you are wrong! Saving is not about saving extra money. It is about planning your expenses in a manner that lets you [...]

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JM TAX GAIN FUND- Growth /Dividend

Fund Family : JM Financial Mutual Fund Offer Open : Dec 24th, 2007 Offer Close : Mar 25th, 2008 Structure : Open Ended Nature : Equity Scheme Objective :The investment objective is to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities and to enable investors a [...]

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TATA growing Economies Infrastructuire Fund- Growth and Dividend Plan

Fund Family : Tata Mutual Fund
Offer Open : Feb 18th 2008
Offer Close : Mar 18th, 2008
Structure : Open Ended
Nature : Equity
Scheme Objective :Investment objective of the scheme is to generate capital appreciation / income by investing predominantly in equities of companies in infrastructure & other related sectors in the growing economies of the world & [...]

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Mutual Funds applied with SEBI for approval in Feb 2008

These are the Mutual Fund scheme thats ppalied for new Fund offer with SEBI and waiting for Approval for the month of February.
Reliance Fixed Horizon Fund – IX
Tata Small and Midcap Infrastructure Fund
ICICI Prudential Banking and Financial Services Fund
HSBC Banking and Financial Services Fund
HSBC Infrastructure and Real Estate Fund
HSBC Agri and Natural Resources Fund
Standard Chartered [...]

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SBI TAX Advantage Fund – Series I (D)

Issue Open  03-Dec-2007
Issue Close  03-Mar-2008

Scheme Objective

SBI TAX Advantage Fund – Series I, is a 10 years close-ended ELSS. The investment objective of the scheme is to generate capital appreciation over a period of ten years by investing predominantly in equities of companies across large, mid and small market capitalization, along with income tax benefit.

Mutual Fund [...]

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Birla Sun Life Pure Value Fund (D)

Issue Open  17-Jan-2008
Issue Close  01-Mar-2008

Scheme Objective

Birla Sun Life Pure Value Fund is a 3-year Closed-end Equity Scheme with an Automatic Conversion into an Open-Ended Scheme upon Maturity. The objective of the scheme seeks to generate consistent long-term capital appreciation by investing predominantly in equity and equity related securities by following value investing strategy.

Mutual Fund Family
Birla [...]

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ICICI Prudential Fusion Fund Series – III Retail Plan (D)

Issue Open  08-Jan-2008
Issue Close  21-Feb-2008

Scheme Objective

ICICI Prudential Fusion Fund Series – III, is a close-ended diversified equity Scheme, with a maturity period of 3 years. The investment objective of the scheme is to seeks to generate long-term capital appreciation by investing predominantly in equity and equity related instruments of companies across large, mid and small [...]

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Stocks going Ex from 11th Feb to 22nd Feb

Scrip Code
Scrip Name
Ex-Date
Purpose
Rs.

532714
KEC INTERN
11-Feb-08
Scheme of Arrangement
-

532810
POWER FINAN
11-Feb-08
Interim Dividend
2.5

500141
FERRO ALLO C
12-Feb-08
Interim Dividend
0.15

503699
GEODINFO SYS
12-Feb-08
Interim Dividend
0.2

590029
RPG TRANSM
12-Feb-08
Scheme of Arrangement
-

532485
BALMR LAW IN
13-Feb-08
Interim Dividend
3

500103
BHEL
13-Feb-08
Interim Dividend
9

526560
ENGLISH I.CL
13-Feb-08
Scheme of Arrangement
-

532234
NAT ALUM CO
13-Feb-08
Interim Dividend
4.5

503100
PHOENIX MILL
13-Feb-08
Stock Split from Rs. 10/- to Rs. 2/-
-

531845
ZENITH BIRLA
13-Feb-08
Interim Dividend
0.5

500425
AMBUJA CEME
14-Feb-08
Final Dividend
1

500032
BAJAJHINDLTD
14-Feb-08
Dividend
0.6

531344
CONTAIN CORP
14-Feb-08
Interim Dividend
11

500480
CUMMINS INDI
14-Feb-08
Interim Dividend
2

500097
DALMIA CEM B
14-Feb-08
Interim Dividend
2.5

524019
HYDRO S & S
14-Feb-08
Interim Dividend
0.5

523596
IRCON INTERN
14-Feb-08
Interim Dividend
20.3

520071
JAI PARAB SP
14-Feb-08
Amalgamation
-

523411
KRONE COMMUN
14-Feb-08
Dividend
3

505299
KULK POW [...]

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9 great ways to reduce tax burden

One of the most common questions by all is: what should I buy to milk the tax breaks that I am legally allowed? So here is a guide to the deductions you can use apart from the popular section 80C Rs 1-lakh deduction.Look beyond section 80C cut your tax burden further. Remember, you will have [...]

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Tax? 10 things to do before March 31

The Income Tax department does not want too many papers as proof of investments made or expenses incurred. But it is always better to file them now.So please rush! Here are ten things to do before March 31, 2008 or before the financial ends:
1. If you are claiming deduction for house rent allowance on account [...]

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