Corporate Fixed Deposits

-
An increasing number of investors are choosing to invest in corporate fixed deposits either to balance other riskier investments like equity or to park their funds for fixed returns acting as a safe guard of one's hard-earned money. Prudent customers are making the best of the current opportunities and freezing their investments in corporate FD's which provides higher rates than Bank FD's. If you are considering taking the corporate fixed deposit route for your investments, now is the right time.
Below are the calculated maturity value of 1 Lakh in DHFL, Mahindra Finance and Shriram Transport Finance Fixed Deposits in the below table for your reference.
Interest Comparison Table
Tenure (Years) DHFL Mahindra Finance Shriram Transport Finance
Interest Maturity Value of 1 Lakh Interest Maturity Value of 1 Lakh Interest Maturity Value of 1 Lakh
3 10.25% 134,970 10.25% 134,020 10.75% 135,841
4 10.25% 149,159 9.75% 145,080 10.75% 150,444
5 10.25% 164,839 9.75% 159,250 10.75% 166,617
Above mentioned FD Interests are for cumulative schemes. Maturity Value is calculated basis of Yield

Comments

Post a Comment

Popular posts from this blog

ICAI invites suggestions on tax proposals of Union Budget 2013-14

-
ICAI invites suggestions on tax proposals of Union Budget 2013-14   The Direct Taxes Committee, Indirect Taxes Committee and Committee on International Taxation invite suggestions on the tax proposals of the Finance Bill, 2013 for consideration and inclusion of the same in the Post Budget Memorandum, 2013 to be submitted to the Ministry of Finance. Please submit your valuable suggestions latest by 4th March, 2013 by clicking on the link http://www.icai.org/app_forms/ taxproposal2013/index.html   Link:  http://www.icai.org/app_forms/taxproposal2013/index.html
Read more

Circular No.06 /2013

-
F No. 500/139/2012  Government of India  Ministry of Finance  Department of Revenue  Central Board of Direct Taxes  (Foreign Tax and Tax Research-I Division) New Delhi, the 29th June, 2013  Circular No.06 /2013  (amending Circular No.03/2013 dated 26th March,2013) Subject: Circular on conditions relevant to identify development centres engaged in  contract R&D services with insignificant risk  It has been brought to the notice of CBDT that there is divergence of views amongst the field officers and taxpayers regarding the functional profile of development centres engaged in contract R&D services for the purposes of determining arm’s length price/transfer pricing. In some cases, while taxpayers insist that they are contract R&D service providers with insignificant risk, the TPOs treat them as full or significant risk-bearing entities and make transfer pricing adjustments accordingly. The issue has...
Read more

Service tax refund norms simplified for SEZs

-
Special economic zone (SEZ) developers and units will not be required to pay tax on certain services for which they had to seek refund.   The SEZs have been exempted from service tax. However, the developers and unit owners have to first pay the tax and then claim refund. "The SEZ unit or the developer shall get an approval by the Approval Committee of the list of the services as are required for the authorised operations on which the SEZ unit or developer wish to claim exemption from service tax," CBEC said.  "The exemption shall be provided by way of refund of service tax paid on the specified services received by the SEZ Unit or the Developer and used for the authorised operations." "Where the specified services received by the SEZ unit or the developer are used exclusively for the authorised operations, the person liable to pay service tax has the option not to pay the service tax ab initio", subject to certain condition and procedure, the th...
Read more