Investment
DALAL STREET: PRE DIWALI BOOM
Bombay Stock Exchange on Wednesday closed at 16677 points marching towards 17000. Yesterdays close was almost 16 months high, up by 1.35%.
Recent comments by RBI not hiking the intrest rates as well as comments of Federal Reserve Chairman saying that US Recession was probably over was the reason for rally.
Sensex [...]
TAX PLANNING: AN ESSENTIAL ELEMENT OF FINANCIAL PLANNING
Financial planning is considered to be most essential element of life. It has been rightly said that ‘Future is Uncertain’. Financial planning plays an important role in overcoming your financial uncertainties. Tax Planning is considered to be an essential part of Financial Planning.
A survey conducted by Rights Horizon among IT/ITES employees with the age group [...]
MARCH 23: NANO DAY FOR INDIA
Finally much awaited TATA’s Nano car is set to launch the Indian version on March 23, 09. The Nano which is the world’s cheapest car will be available in Indian showrooms for the customers. The launch of Rs.1Lac (INR) mini car is 6 months behind from its original schedule. The booking will start from 2nd [...]
INDIAN MARKET RATES FOR GOLD & SILVER- III
Given below are the gold & silver rates of 10 years from 1974-83required for valuation purposes and calculating tax.
valuation date
standard GOLD 24 carats
SILVER 9960 touch
Rate
Per
Rate
Per
13.11.74
530.00
10 Grams
1220.00
1 Kg
31.12.74
526.00
“
1115.00
“
31.03.75
540.00
“
1025.00
“
03.11.75
547.00
“
1155.00
“
31.12.75
531.00
“
1156.00
“
31.03.76
532.00
“
1127.00
“
23.10.76
560.00
“
1175.00
“
31.12.76
561.00
“
1215.00
“
31.03.77
573.00
“
1310.00
“
11.11.77
658.00
“
1325.00
“
31.12.77
681.00
“
1238.00
“
31.03.78
665.00
“
1382.00
“
31.10.78
870.00
“
1546.00
“
31.12.78
850.00
“
1541.00
“
31.03.79
937.00
“
1688.00
“
20.10.79
1220.00
“
2283.00
“
31.12.79
1308.00
“
3442.00
“
31.03.80
1330.00
“
2655.00
“
07.11.80
1600.00
“
2727.00
“
31.12.80
1690.00
“
2825.00
“
31.03.81
1700.00
“
2720.00
“
27.10.81
1785.00
“
2635.00
“
31.12.81
1720.00
“
2550.00
“
31.03.82
1645.00
“
2680.00
“
15.11.82
1775.00
“
2715.00
“
31.12.82
1750.00
“
2915.00
“
31.03.83
1800.00
“
3105.00
“
1 Tola = 11.6639 Grams 10Grams = 0.8573 Tola