Posts Tagged “from”

Property tax: Mumbai’s flat owners, not buildings, to be taxed from now

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Property tax: Mumbai’s flat owners, not buildings, to be taxed from now

The city administration has decided to collect property tax from individual flats rather than entire buildings in a move anticipated to both hold the individual flat owner more accountable as well as facilitate the tax payment for Mumbaikars. The Brihanmumbai Municipal Corporation’s policy decision has been taken under section 155 of the Mumbai Municipal Corporation…

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Switch from regular to direct mutual funds easier

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Switch from regular to direct mutual funds easier

Franklin Templeton Asset Management (India) Pvt. Ltd, one of India’s top 10 mutual fund companies in terms of assets under management (AUM), has upended the industry by abolishing exit loads charged to investors switching from regular to direct plans of its open-ended funds. The decision, which will take effect from 9 May 2019, is likely to encourage a…

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From techies to CAs, homeowners turn amateur property developers to finish incomplete projects

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From techies to CAs, homeowners turn amateur property developers to finish incomplete projects

Lalit Vazirani, a computer programmer from Mumbai, never reckoned on having to turn amateur property developer. Yet here he is, a decade after putting down a deposit for an apartment near the city’s airport, dealing with architects, taxes, various planning permissions and even court hearings. All because the developer behind the $50 million project has…

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Financial planners recommend new fund from Mirae Mutual Fund

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Financial planners recommend new fund from Mirae Mutual Fund

Consistent performance of the existing equity mutual fund schemes at Mirae has prompted financial planners to suggest the Mirae Asset Focused Fund to investors whose portfolios merit a focused strategy. The new fund offer (NFO) at Mirae is currently open and it closes on May 7. The fund will be managed by Gaurav Misra and investors can put in…

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Know The Limitations On Taking Loan From Relatives And Friends

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Know The Limitations On Taking Loan From Relatives And Friends

The topic of discussion herein makes sense after the recent stir on a news piece that suggested that accepting personal loans would be banned under the banning of unregulated deposit schemes ordinance, 2019. And so, we will understand its likely implication on the personal loans which are taken from relatives as well as friends to…

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Now, steel import from Iran worries Indian companies

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Now, steel import from Iran worries Indian companies

Amid the rising concern over cheap steel imports from China and countries that have signed a free trade agreement, some traders in India are worried about heavily discounted steel imports from Iran, which is facing US economic sanctions. The first consignment is expected in two tranches of 32,000 tonnes and 50,000 tonnes from Bandar Imam…

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