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Month: January 2010

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Play School Fees are Tax Deductible

Good news for parents of toddlers: The Latest Income Tax Circular, clarifies that Playschool fees qualify for tax deduction under section 80C, under the ...

Mutual Fund Commissions on Tax Saving Schemes

Since some of you will be investing in tax saving schemes for the rest of the year, note that there are pretty good commissions being offered to advisors for ...

WSJ: The Myth Of Indian Realty

Harsh Joshi at The Wall Street Journal: Low interest rates, a rapidly recovering economy, and India’s never-ending demand for housing: it all adds up to ...

November IIP grows 11.7%

The Index of Industrial Production (IIP) grew 11.7% in November compared to last year. The unadjusted graph: (Click for a larger image) The data has cyclical ...

Dubai’s “First Foreclosure”

We bring you the 65,000’th post in the blogosphere informing you of impending doom because, hold your breath, someone managed to foreclose a mortgage in ...

Homeowners have even the Moral Right to walk away

Roger Lowenstein writes in the New York Times: John Courson, president and C.E.O. of the Mortgage Bankers Association, recently told The Wall Street Journal ...

SEBI Standardizes F&O Contract Lot Sizes

SEBI has now specified new lot size standards for all futures/options contracts: Price Band (Rs.) Contract Size Lot Size (No. of units of underlying) Value ...

JSW Energy, Godrej Properties, DB Corp: 3 IPOs kick off 2010

What a start to the year for the IPO market. In three days, three IPOs have happened, and here’s where they are: Monday: JSW Energy. (A Power Sector Issue of ...

Banks Reducing MF Investments

Sangita Mehta at The Economic Times: (HT and Thanks: Ninad Kunder) Data released by RBI shows that banks’ investments in mutual funds have fallen by Rs ...

Tax Collections Show Spirit

Income tax collections upto December 2010 make for a buoyant-economy story. Net direct tax collections during first three quarters of the present fiscal (up to ...