Welcoming New Year 2017-18
Dear Friends, A very Happy New Year to you! For the Finance world in India the New Year starts on 1st April XXXX and ends on 31st March XXX(X+1). However, this is not a standard practice across the globe and some companies use Calendar Year as the financial accounting period i.e. 1 Jan XXXX to 31 Dec XXXX. While these 2 are the predominant periods, companies do follow other timelines for financial accounting. Ex....
HDFC Charity Mutual Fund for Cancer Cure
Dear Friends, HDFC Mutual Fund has come up with a unique scheme to support needy and underprivileged Cancer Patients by donating the money to Indian Cancer Society (ICS) or other eligible institutions. A total of 3168 patients from 28 states have been benefited through this scheme. A Governing Advisory Council (GAC) meets every fortnight to identify the genuine cases for financial aid This scheme which is open for investment until 24 Mar 2017 is...
Tax Savings under Sec 80C – Deduction of 1.5 Lakhs under ELSS
Friends, I had already written a detailed article on tax saving schemes during the last Financial Year and thought of reminding you as the Finance/Payroll folks starts to chase us. Most of the content is valid today also and I have added the content in specific areas to reflect the changes for the current scenario. https://penguwin.com/taxing-time/ After retaining the popular Public Provident Fund (PPF) Interest rate at 8.7% for quite some years, Government in Feb...