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Where can an NRI/PIO open a demat account? Ans. NRI/PIO can open a demat account with any Depository Participant [DP] of NSDL. Almost every bank in India today also gives service of demat account . So, you can contact your bank , and they will do the rest . Does an NRI need any RBI...
Let us say you want to invest in tax saving fixed deposits which gives you deduction u/s 80C . Let us say , your wife is made first holder and you have given your name as second holder . The question comes , whether you can claim deduction for investment in such tax saving fixed...
The share market scam under which people were opening hundreds of demat accounts in one name and other name without quoting PAN and getting the initial public offers (IPOs) allotment by applying through different names , made SEBI to take tough stand. The share market watchdog issued directive for Know Your Client to Depository Participants under which PAN was required to be authenticated by the demat account holder. If PAN is not given , no shares could be transferred out of such unauthenticated demat accounts.
No more visit to West Bengal sales tax office for procuring C and F forms as the state government introduces the new scheme, under which the facility of generation and printing of ‘C’ and ‘F’ Forms with the required particulars will be available to the dealer in his desktop after he has furnished the VAT and CST Returns online with all the required annexures along with invoice-wise details of inter-State purchases/ stock transfer, followed by the submission of printed hard copy of Return, as provided under the law.
Income Tax Act distinguishes between different types of transaction in shares . The purchase or sale of shares can result in -short term capital gains or trading gains or speculative gains - all depending upon the circumstances in which such purchase or sale of shares have been done.
Deduction u/s 80D of the Income Tax Act provides relief to tax payer by allowing a deduction in … [Read More...]
The tax deduction u/s 80DDB of the Income Tax Act provides relief to tax payers who are individual … [Read More...]
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