A female wish to create a private trust with a settlement of Rs 10 lakh from her capital for the benefit of her niece. Whether receiving Rs 10 lakh from the female will attract income tax under the provision of section 56 of the income tax Act (money received without consideration)? Please explain.
I am interested in investing in ULIP. My basic intention is
1. To create wealth over a period of time.
2. Insurance is not important to me. Only investment matters.
3. Short term investment like 5 years.
4. Liquidity / Withdrawal at desired time.
Kindly suggest me. You can reach to me on 9321 711 486. I am in Mumbai.
Why is it that many investors have been investing more in the secondary market of stocks rather than primary market ? Invetsment in the secondary market does not contribute to the GROSS DOMESTIC PRODUCT. On the other hand, Investing in primary market through IPO’s results in creation of assets and employment opportunities. The current situation of Recession demands that people pay more attention to the primary market rather than the secondary market. What are your opinions on this ?
I would like to know about some formats and content creation tips for writing a cover letter in real estate opening…