Amit and Swati Shah work in the software industry and earn a decent income. This year, their chartered accountant suggested they create a separate Hindu Undivided Family (HUF) to help reduce their tax outgo.
For those who keep idle money in trading account while scouting for stocks, the BSE and National Stock Exchange (NSE) have introduced a facility that will let them park money in liquid funds for a duration as short as one day and earn an interest on it.
Industrial Development Bank of India had come out with 'IDBI Deep Discount Bond 96', issued on March 18, 1996. Balwani Singh, an army officer, had invested in this scheme by purchasing one bond having a face value of Rs 5,300. The investment was to mature
The Indian economy is unusual in many ways. It developed a large service sector before manufacturing got off the ground. It remains under-urbanised, despite the services sector generating over 50 per cent of the gross domestic product (GDP).