In spite of the Income Tax Department’s warning last October, tax payers continue to receive fraudulent e-mails promising income tax refunds, but with changed wordings. They appear to be using servers in the United States and the United Kingdom (UK) and UK domains. India has a tax-paying population [...]
Exchange Traded Funds (ETFs) are open ended mutual funds that are passively managed and most of them seek to mirror the return of an index, a commodity or a basket of assets. ETFs are listed and traded on stock exchanges like stocks. They enable investors to gain broad exposure to [...]
Is One Rupee always equals to One Rupee?
Consider these two hypothetical scenarios:
1. You are at TV showroom looking to buy a new TV. It costs 25000/- there, but another shop 10 minutes away has the same model for [...]