Product Updates

I have investments in UTI’s Master shares on which I earned a dividend of Rs 14 lakh for 2018-19. Am I required to pay 10% tax on the dividend because it exceeds Rs 10 lakh? Answer : No, Dividend is Tax free as it is received against Mutual Fund. However,if aggregate dividend received by an individual/ HUF from companies exceeds Rs. 10,00,000, it is liable to pay tax at the rate of 10% on dividend income received in excess of Rs. 10 lakh. Section 115BBDA applies only on dividend income received from domestic companies under Section 10(34) and excludes dividend income received from mutual funds under Section 10(35).

Gains from sale of gold ETFs or gold mutual funds are taxed similarly as that of the physical gold

Document required to open NPS Account : 1.      Cheque in favour of "SMC GLOBAL SECURITIES LIMITED NPS TRUST ACCOUNT". 2.      Two passport size photo. 3.      Self attested copy of Pan card copy and address proof 4.      Duly filled Central KYC Form 5.      Dully filled NPS Opening Form (with signature of column no. 11 & 12) We hope that above mentioned information/clarification is up to best of your satisfaction. For further information or support please write to us at automailback@gmail.com or contact our NPS Support Helpline number:  9891645052  Assuring you of our best services at all times and looking forward to a long and pleasant association with us.                  

Cheque will be in favour of “ HDFC Bank A/c Gov. of India 7.75% Saving Taxable Bond 2018” HDFC RBIBonds – Cumulative Form || HDFC RBIBonds- Non -Cumulative Form

Save Tax & earn interest on your long term Capital Gains u/s 54 EC Download Application form

Hurry ! Bajaj Finserv™ Fixed Deposit is reducing Interest Rate w.e.f Sep 3, 2019, Currently, you may earn Interest Rate upto 8.95% p.a New Interest Rates Applicable w.e.f Sep 3,2019 Below mentioned is the new rates. There are also a few changes(highlighted in yellow) in the additional benefits which are highlighted below the rate chart. For new customers: Tenor in months Minimum deposit (in Rs.) Cumulative Non-Cumulative Monthly Quarterly Half Yearly Annual 12 – 23 25,000 8.00% 7.72% 7.77% 7.85% 8.00% 24 – 35 8.05% 7.77% 7.82% 7.89% 8.05% 36 - 60 8.35% 8.05% 8.10% 8.18% 8.35% For senior citizens (upto 0.35% above the card rate): Tenor in months Minimum deposit (in Rs.) Cumulative Non-Cumulative Monthly Quarterly Half Yearly Annual 12 – 23 25,000 8.35% 8.05% 8.10% 8.18% 8.35% 24 – 35 8.40% 8.09% 8.15% 8.23% 8.40% 36 - 60 8.70% 8.3

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