Understanding Tax Free Bonds
Tax free bonds are those bonds issued for long term, for investment horizon of 10 to 15 years, in which interest earned is exempt from tax. Tax free bonds do not provide any benefit of tax savings but only interest earned on these bonds is tax exempt. Since there is...Premature withdrawal or Breaking of Fixed Deposit
Fixed Deposits (FD) are popular investment instruments in which you invest a lump sum amount for a fixed period of time and you get fixed rate of interest. Now during the period of investment, the interest rates may fluctuate, but your fixed deposit interest rates...Best Fixed Deposits of Banks
Fixed Deposits (FD) is popular among investors in India as a safe investment option. Fixed deposits are the type of investment where investors invest money for a certain period of time. It is called as Fixed because during the period of investment, the interest rates...Senior Citizen,Fixed Deposits and Tax
We regularly get queries regarding Senior citizen Fixed Deposit. My father/mother is retired. He has a fixed deposit with a bank interest of Rs 50,000 a year. Does he need to file his income tax return? Is there any way he could be exempted from taxes? We regularly...Joint Ownership
Joint ownership of financial product means right of ownership is shared by two or more owners, for example Husband and wife joint bank account gives the convenience/inconvenience of not having to wait for him/her to sign cheques to pay bills or withdraw money from...Subscribe to All Our Posts
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