Tax deducted at source is not a new concept,I think everyone knows about it.TDS is in general discussed for its relation with interest received from bank deposits. Regarding TDS both bank and customer have certain obligations. Banks: Banking code clearly states that bank should inform the customer about TDS and advice them about provisions to…
Recent Updates In Company Fixed Deposits:
To start with,HDFC has maintained “AAA” rating for their fixed deposits for consecutive 17 years.HDFC platinum deposits currently offers interest rate of 10% compounded per annum and 0.25% extra for senior citizens.This is the most preferred deposit at least for me apart from bank deposits. Shriram transport finance have maintained their interest rate of 10.75%…
IRFC Tax Free Bonds:
The financing arm of Indian railways “Indian Railway Finance Corporation Ltd” has come up with a issue of Tax free bonds with following details.It is infrastructure finance company and 100% shareholding held by Govt Of India. IRFC Issue Details: Issue Open date: 27th Jan 2012. Issue Close Date:10th Feb 2012. Secured NCDs having tax benefits…