Archive for May, 2013

  • Know About Savings Bank Accounts>
    Know About Savings Bank Accounts
      Savings are your hard earned earnings which you keep secure in your savings account and withdraw from time to time according to your needs. When you open and operate a savings account in any of the banks it is imperative to be well versed with the terms and conditions applicable to the savings accounts. You must keep a check on the number of transactions, cash withdrawals etc can be done free of charge within a given period and ensure that you follow the same else bank charges will be levied on the same. Check out in detail all the bank charges applicable to a savings account. Check out the rate at which interest is paid on your savings deposits, and how it is calculated and its periodicity. The minimum balance must be maintained at all times, and this differs from bank to bank, and  [...]
    at May 30th, 2013 at 12:05 am
  • Legal Methods To Evade Tax>
    Legal Methods To Evade Tax
    Evading taxes is a crime, but avoiding and saving taxes is right of every law abiding citizen and there are many strategies structured to save your taxes and bring down your tax liabilities. Some of the methods one can opt for saving taxes are- 1. Tax laws permit investors to adjust the cost of the asset to inflation during the holding period, and with inflation has been the cause of worry for most of us, the tax payer can take advantage of the indexation and reduce their tax bills, however not all investments are covered under this item and only certain capital assets, debt funds, gold ETFs are eligible for deduction. 2. If you gift money to your wife, and the same is invested in her name, the tax laws will club her income with yours and the advantage is that the clubbing takes place at the  [...]
    at May 10th, 2013 at 12:05 am