The benefits in tax for NRIs in Budget this year

The Finance Minister has announced an increase in income tax exemption of Rs 10,000. This includes the Indian citizens as well as the NRIs.

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Ways to build emergency funds for NRIs

The best way to avoid the financial disaster or the jobless situation is to create your emergency fund. As the life is unpredictable and the events like this may strike anytime.

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India Inc may lose tax cover on MF investments

Capital markets regulator Securities and Exchange Board of India (SEBI) wants the government to scrap tax benefits for corporates investing in mutual funds (MFs), a proposal, if accepted by the government, could deal a body blow to local asset management companies and other firms.

The regulator has also proposed to the government that the securities transaction tax, or STT, which is levied on buying or selling of stocks and on derivatives trade, should be cut by one-third and that a uniform stamp duty be levied and collected by a central agency.

These proposals have been forwarded to the finance ministry, in the run-up to the Budget, said a person with the knowledge of the proposal.

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High inflation can reduced your fixed deposit close to zero

Last year all the banks reduced their fixed deposit rates for almost every period. Currently, according to official inflation figure is above 7 per cent which is a bad news.

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