- Banks increase interest rates for deposits and lending (loans) (Jul 02, 2008)
- Matthews India Fund MINDX: A good proxy to invest in India (Jun 29, 2008)
- Why does the financial / fiscal year start from 1st April? (Jun 26, 2008)
- Tata AIG - Maharaksha Accident and Personal Injury Policy (Jun 23, 2008)
- Provident Fund (PF) and Voluntary Provident Fund (VPF) (Jun 20, 2008)
- New Ebook Launched: "Investing In Gold - Everything You Should Know" (Jun 17, 2008)
New eBook launched: Investing in Gold - Everything you should know
I am proud to announce the first eBook from www.RaagVamdatt.com: Investing in Gold: Everything you should know.
It is exactly what the name says: It has all the basic information that you need to start investing in Gold - Why gold should be a part of your portfolio, how gold should be bought, how much of it should be bought, and lots of other useful information.
This ebook would be offered FREE to all new members on registration.
To download the eBook, logged-in members can go to: Downloads >> Free eBooks >> "Investing in Gold: Everything you should know"
Alternatively, it can be downloaded using this link. (You should be logged-in)
Articles: Direct Tax collections up by 42.5%
The Direct Tax collection for the period April 1 to December 15 has gone up by 42.5% compared to the same period last year.
| The Direct Tax collection for the period April 1 to December 15, 2007 has gone up by 42.5% to Rs. 1,64,407 Crores compared to Rs. 1,15,377 Crores in the same period last year. (The figures for 2007 are provisional) |
Corporate tax has registered a 42.4% growth, and income tax (personal) collection has increased by 42.8%. Securities Transaction Tax (STT), Fringe Benefit Tax (FBT) and Banking Cash Withdrawal Tax have also shown a healthy increase.
What does this mean for you?
A healthy growth in corporate tax collection means that companies are not only growing at a fast pace, but are also growing profitably. The current valuation of the Indian stock markets assumes a high growth for Indian companies, and this growth in tax collection vindicates this assumption.
The growth in personal income tax shows that individuals are maintaining a healthy increase in their pay packages, which would further stimulate the domestic demand.
Other articles you might be interested in:
- Healthy growth in Advance Tax payments by Blue Chips
- Goal Based Investing
- Direct investment in Stocks versus Mutual Funds (MFs)?
- Cap for PO Monthly Interest Scheme (MIS) increases
- National Savings Certificate (NSC)
Related links from the web (Sponsored):
Articles by Category:
- Gold
- Income Tax - IT
- Insurance
- Investment Philosophy and Planning
- Loans
- Mutual Funds
- News / Developments
- Others / Miscellaneous
- Real Estate
- Stocks / Shares / Equities
Note: Please treat the opinion expressed here as a broad suggestion. Please consult your financial planner / investment advisor before making any investment decision.
Comments
Registered Members: 736
Guests On-Line: 8
Registered Members On-Line: 0
You are a guest user. To register for free, 