Finance : CHAPTER 1 – INTRODUCTION 1.1 ABSTRACT Developing countries in the world there are very less financial structure where many peo...
Income Tax : The Income Tax Act, 1961 does not contain specific provisions relating to Housing Finance Companies (HFCs). Thus, all the general ...
Company Law : In this Flash editorial, the author begins by referring the provisiosn of National Housing Bank, Housing Finance Companies. Author...
Finance : Your Home Loan is a secured loan. Compared to unsecured loan options, this huge loan comes at a comparatively less rate of interes...
Finance : We’ve all probably dreamt of a dream home at some point in our lives. If youre a step ahead, youve probably seen some of the bes...
Corporate Law : The levy of a penalty by banks and housing finance companies for foreclosure of home loans does not amount to abuse of dominant po...
Finance : The super built-up area has now been given a new nomenclature: useable area. While earlier, a builder would present the entire are...
SEBI : Capital market regulator Securities and Exchange Board of India (Sebi) on Thursday eased norms for security, or the asset cover, r...
Finance : Earlier, the entities that fell under the ambit of the law included only chit fund companies, banking companies, financial instit...
Finance : Several banks and housing finance companies have come under the scanner of the competition watchdog for imposing penalty on pre-pa...
Finance : The housing finance regulator said Housing Finance Companies will no longer levy any fee on floating rate loans. In case of fixed ...
Fema / RBI : The Reserve Bank of India (RBI) on Wednesday withdrew the special short-term foreign currency borrowings facility for non-banking ...
Fema / RBI : Please refer to paragraph 7.5 of our Master Circular dated July 1, 2009 on Lending to Priority Sector, in terms of which loans gra...
CHAPTER 1 – INTRODUCTION 1.1 ABSTRACT Developing countries in the world there are very less financial structure where many people are not able to carry out business or certain activities because they do not have proper funds or support which are actually required. In order to resolve such issues, the concept of micro financing was […]
The Income Tax Act, 1961 does not contain specific provisions relating to Housing Finance Companies (HFCs). Thus, all the general provisions for computation of income shall apply to HFCs. It can also be established that as the main source of income of HFCs is interest, income will be computed under section 28 to 43 of the Income Tax Act, 1961 pertaining to Profits and gains from Profession and Business
In this Flash editorial, the author begins by referring the provisiosn of National Housing Bank, Housing Finance Companies. Author tries to discuss the conditions for registration of Housing Finance Company with NHB. It is worth noting that amidst the gradual development of demand in the housing finance sector, the corporate houses have made a significant move in order to grab the win-win situation.
Your Home Loan is a secured loan. Compared to unsecured loan options, this huge loan comes at a comparatively less rate of interest. However, when you consider the large amount and the long tenure it takes to pay off the loan, even this low interest rate can cost you a lot.
We’ve all probably dreamt of a dream home at some point in our lives. If youre a step ahead, youve probably seen some of the best Home Loan plans available to you, and considered a few. You might even have applied for a mortgage and thoroughly looked through the Home Loan interest rates, before finalizing on one.
If we use the layman language, the General Meaning of Finance is Money. And of Finance Company as any Firm either Proprietor or Partnership Firm which deals in lending of money. In India a no. of people do the business of finance specially the LALA people which give the money on interest to their relatives or some known persons.
In his maiden Union Budget, Finance Minister Arun Jaitley announced a number of positive measures for the real estate sector, be it easing the foreign direct investment (FDI) norms, clarity on taxation of real estate investment trusts (REIT) and boosting urban as well as rural housing.
Credit Facility is an agreement with bank that enables a person or organization to be taken credit or borrow money when it is needed. All types of credit facilities may broadly be classified into two groups on the basis of Funding – 1. Fund Base Credit 2. Non Fund Base Credit
Deficit financing is that, which, if used responsibly, can lead an economy to prosperity; however, if used thoughtlessly, can do the opposite. It is the tool suggested years ago by known economist John Keynes, and used today throughout the world by various finance ministers of different economies in their budgets.
1. For what purposes can I seek a first time home loan?You can generally seek a first time home loan for buying a house or a flat, renovation, extension and repairs to your existing house. Most banks have a separate policy for those who are going for a second house. Please remember to seek specific clarifications on the above-mentioned issues from your commercial bank.
