Long-Term Capital Gains After October 1

The Finance Bill, 2007, says that by opting right time to make long-term capital gains, it is possible to make differences in terms of taxation under the Income-tax Act, 1961. Investors having long-term capital gains can receive gains after October 1 in a financial year.
Suppose, you sell a your residential house for Rs 2 crore and the indexation cost is Rs 40 lakh, say, so you can make a long-term capital gain of Rs 1.60 crore. Now, if you do not want to buy another residential house and want to save income tax as well, then you have the option to invest your capital gain in the capital gains bonds for a minimum period of three years as provided for in section 54EC of the Act.

Sophisticated Standard Of Living

The presence of number of projects offering comfortable living to residents has made Noida and Greater Noida as the chosen destination for superior lifestyle in the National Capital Region. Grand Venezia International Mall by the Bhasin Group, Czar Suites by Supertech and internationally designed township developed by Omaxe are few of the numerous projects lined up for Greater Noida offering easy connectivity to the capital via the expressway.

Symantec rates Microsoft Vista as Highly Secure OS

According to the SymantecSymantec’s 11th Internet Security Threat Report, Microsoft Vista has been ran

LG Phones To offer Google Services

LG ElectronicsNow users will enjoy Google services on LG mobile phones. Both the companies have declared a universal association to pre-install Google’s services on LG handsets.

The affiliation will permit LG’s phone users to search for information, discover locations, update web logs and manage email while on the move.

Bank of China Opens Private Banking Service For Millionaires Only

Bank of ChinaBank of China (BOC) instigated a private banking service targeting millionaires only in Beijing and Shanghai.

The clients owing financial assets valuated over US $1 million are qualified for the service offered along with the Royal Bank of Scotland that possesses a 4.4 percent stake in the bank.

“It is a bank for the top rich,” Yue Yi, GM of the bank’s retail business stated.

Sony Ericsson Launches Z750 & W580

Sony Ericsson Sony EricssonMobile Communications, known for its pioneering and feature-rich

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News in Focus

Mitesh Thakkar: BUY GAIL, ONGC, Bharat Forge; SELL Tata Chemicals

Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session.

Shrikant Chouhan: BUY ONGC, Cummins India; SELL ITC

Market expert Shrikant Chouhan from Kotak Securities has suggested two BUY Calls and one SELL Call for today’s trading session.

Chinese data will be stored in China: Tesla executive

Chinese data collected by Tesla electric cars’ intelligent cameras will be very well protected and stored within the premises of the country, a top executive for Chinese division of the American EV

GM to invest $1 billion in Mexico manufacturing plant to build electric vehicles

Detroit, Michigan-headquartered automaker General Motors (GM) has announced plans to invest $1 billion in a manufacturing plant in Mexico to build electric vehicles (EVs).

Mitesh Thakkar: BUY Apollo Tyres, Marico, Bharti Airtel and ICICI Prudential

Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Calls for today’s trading session.

Shrikant Chouhan: Buy TVS Motor, Bank of Baroda and ICICI Bank

Market expert Shrikant Chouhan from Kotak Securities has suggested three BUY Calls and no SELL Calls for today’s trading session.