embed Scribd iPaper application into your Blog
Hello friends,
iPaper is a versatile application by Scribd that enables you to embed documents into your website or blog. With this easy-to-use tool, you can embed documents in a number of formats, such as PDF, Word document, PowerPoint or text file. You can make a document public or private, email it to a friend, embed Google Adsense ads to earn revenue, and even bookmark it and share it on social networks such as MySpace and FaceBook. Read on to learn how to embed Scribd iPaper Documents into a Blog. We'll use blogger as an example for how to do this, but the same method can be used for any other blog.
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understanding Liquid Funds
suppose you have some ideal money in saving bank account which you will need that money within 12 months period, But you want to park that money somewhere so you can can get at par inflation-adjusted return and of course more return than given by your saving a/c. in this scenario first thing come to your mind might be bank FDs. well you can put money in short term FDs but when you need money suddenly and you withdraw FD then you have to pay panelty and your actual retun can come down significantly. in such scenario Liquid Funds scores more than short term FDs. There will be no entry, exit load on liquid fund if you withdrwa amout after lock-in period (generally lock-in period is 7-10 days).
what is liquid funds?
Liquid funds are used primarily as an alternative to short-term fix deposits. Liquid funds invest with minimal risk (like money market funds). Most funds have a lock-in period of a maximum of three days to protect against procedural (primarily banking) glitches, and offer redemption proceeds within 24 hours. The minimum investment size in a liquid fund varies from Rs. 25,000 to Rs 1 lakh.
Advatages of liquid funds:
- the biggest advatge is tax advatage especially when your income fallin top bracket. on
divideneds you get from liquid funds, you don't have to pay any tax.
- you can withdraw your money more easily withous panelty as compared short term fixed deposites.
- Usually liquid funds (or good liquid funds) gives more returnt than FDs.
examples of liquid funds:
HDFC LIQUID FUND (G)
BOB LIQUID FUND (G)
CANARA ROBECO LIQUID FUND(G)
DBS CHOLA LIQUID FUND – REGULAR (G)
ING LIQUID FUND (G)
LIC MF LIQUID FUND (G)
TATA LIQUID FUND (G)
so in conclusion if you want to park money for short term then Liquid Funds are great tool to park money.
what is liquid funds?
Liquid funds are used primarily as an alternative to short-term fix deposits. Liquid funds invest with minimal risk (like money market funds). Most funds have a lock-in period of a maximum of three days to protect against procedural (primarily banking) glitches, and offer redemption proceeds within 24 hours. The minimum investment size in a liquid fund varies from Rs. 25,000 to Rs 1 lakh.
Advatages of liquid funds:
- the biggest advatge is tax advatage especially when your income fallin top bracket. on
divideneds you get from liquid funds, you don't have to pay any tax.
- you can withdraw your money more easily withous panelty as compared short term fixed deposites.
- Usually liquid funds (or good liquid funds) gives more returnt than FDs.
examples of liquid funds:
HDFC LIQUID FUND (G)
BOB LIQUID FUND (G)
CANARA ROBECO LIQUID FUND(G)
DBS CHOLA LIQUID FUND – REGULAR (G)
ING LIQUID FUND (G)
LIC MF LIQUID FUND (G)
TATA LIQUID FUND (G)
so in conclusion if you want to park money for short term then Liquid Funds are great tool to park money.
RBI increased cash limit for foreign travelers
Now great news for Foreign travelers in India. Indians can now carry $3,000 in cash when they travel abroad. This limit was $2000 previously.
Authorized dealers/full-fledged money changers (like MoneyGram etc) can now sell up to $3,000 to travelers proceeding to countries other than Iraq, Libya, Islamic Republic of Iran, Russian Federation and other Republics of Commonwealth of Independent States, without prior permission from RBI.
The $3,000 ceiling applies only to the amount of cash that an individual can carry. Most credit card holders can spend up to their card limits during overseas travel. This spending is over and above the limit on carrying cash
Authorized dealers/full-fledged money changers (like MoneyGram etc) can now sell up to $3,000 to travelers proceeding to countries other than Iraq, Libya, Islamic Republic of Iran, Russian Federation and other Republics of Commonwealth of Independent States, without prior permission from RBI.
The $3,000 ceiling applies only to the amount of cash that an individual can carry. Most credit card holders can spend up to their card limits during overseas travel. This spending is over and above the limit on carrying cash
Save Income Tax : Refinancing
RefinancingRefinancing your home loan can be a great thing to save tax. Interest rates have been really low over the past few years, which has led to a lot of houses being refinanced. If you’ve refinanced, chances are that you’ve paid points to get a lower interest rate. Not only are these points deductible over the life of your new loan, but also, any unamortized points can be deducted in the year of the new loan.
Save Income Tax: Donations
India is a developing country and also people in India are religious. so many people do donations to temple trust or schools, colleges, hospitals. Now if you donate to some organization, you can get total value of the donated amount/items(non cash) is tax-deductible. Yes this is applicable to both cash and non cash donations. suppose you donate 5-10 computers in some school of your village or town then you can get tax deduction on it. Next time you donate something remember to take advatage of tax benefit. Of course, you would need to furnish written receipts for all the donated items/cash.
tax slabs for salaried people
Finance Minister Pranab Mukherjee revised the tax slabs for the current Tax financial year. It would be as below:
There will be no tax for income upto Rs 1.6 lakh.
For income between 1.6 lakh – 5 lakh, the tax liability will be 10%.
For income between 5 lakh – 8 lakh, the tax liability will be 20%.
Individuals with income of above 8 lakh will have tax liability of 30%.
Additional investment of 20K in infra bonds over and above Rs 1 lakh in 80C. Yes, read bold character again. Govt has become aggressive for development in infra space and want to do lot of work over the next decade in this space. so to encourage people to invest in this space it did this special modification in tax law. take advantage of this thing for this year.
Let's hope Govt continue this slabs for years come, it will keep more money in the pocket of middle class and middle class is backbone for Indian economy.
There will be no tax for income upto Rs 1.6 lakh.
For income between 1.6 lakh – 5 lakh, the tax liability will be 10%.
For income between 5 lakh – 8 lakh, the tax liability will be 20%.
Individuals with income of above 8 lakh will have tax liability of 30%.
Additional investment of 20K in infra bonds over and above Rs 1 lakh in 80C. Yes, read bold character again. Govt has become aggressive for development in infra space and want to do lot of work over the next decade in this space. so to encourage people to invest in this space it did this special modification in tax law. take advantage of this thing for this year.
Let's hope Govt continue this slabs for years come, it will keep more money in the pocket of middle class and middle class is backbone for Indian economy.
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