Throwback Thursday is here and we've brought to you yet another 'old is gold' feature featuring Amitabh Bachchan. Big B is not only a megastar, he is an icon; a living legend. He has not only given us classic films but also has won millions of hearts with his humility. If that does not make a star a superstar, what else will? Currently, Mr Bachchan is not only popular among every kind of audiences but is also one of the richest celebrities of B-town. But, did you know that there was a time when Amitabh Bachchan went bankrupt and had to pay a huge debt of Rs 90 crore? When Amitabh Bachchan's Company Was In A Financial Mess It all happened when Big B's company, Amitabh Bachchan Corporation Limited (ABCL) was plagued by financial difficulties following Big B's bankruptcy. The company was established in 1996 and later found itself in a deep financial mess. In 1999, ABCL approached BIFR (Board of Industrial and Financial Reconstruction) to be rated as a sick company. In 2003, Big B … [Read more...] about When Amitabh Bachchan Went Bankrupt & Had To Pay Off Debt Of Rs 90 Cr: SRK’s Mohabbatein Helped Him
Paying debt off
Kristian Rouz – Greece’s repayment on its foreign debt due in July is looming large over the country, and the uncertainty surrounding the bailout package for the Greek government has escalated in recent days. © REUTERS / Yannis BehrakisGreek Parliament Votes for New Austerity Measures After Pressure from CreditorsNeither Greece’s international creditors, nor the German government, one of the main sponsors of the bailout, have reached an internal consensus on how to ease the heavily-indebted nation’s debt burden without impairing its growth and development prospects. On Monday, the Eurozone’s finance ministers met in Brussels in an attempt to find a compromise solution to Greece’s resurfaced debt issues. A bailout review is deemed necessary for Greece to continue receiving debt relief financing, including from the International Monetary Fund (IMF), which also … [Read more...] about Greek Debt Bailout Talks Falter Amid Discord Within German Gov’t
I have a corpus of Rs 10 lakh in an ultra short duration fund. My gains are around Rs 2.5 lakh. It has taken three years to develop this amount. My doubt is if I redeem this corpus of Rs 2 lakh every month, do I need to pay tax if my gains are less than Rs 1 lakh?-- Yuvaraj Vaaji It seems, you are a bit confused about the taxation of mutual funds. Rs 1 lakh limit per financial year is applicable to equity mutual funds. You have invested in a debt mutual fund scheme. Debt mutual funds are taxed differently. If you sell your debt mutual funds before three years, your short-term capital gains are added to your income and taxed according to the income tax slab applicable to you. That means, if you are in the 20% tax bracket, your short term gains would be taxed at 20%. If you sell your debt mutual funds after three years, the gains are treated as long term capital gains, they would be taxed at 20 per cent with indexation benefit. Indexation benefit helps you to inflate your purchase … [Read more...] about How will my gains from ultra short duration fund be taxed?
Beyonce reportedly opted to get paid in shares for her performance for Uber in 2015 and stories surfaced claiming that she made $300 million off of it. It all comes amid the company’s decision last week to go public on the New York Stock Exchange, making shares initially go for $45 each, per NME Wednesday. (RELATED: Beyonce Mystery Solved! Tiffany Haddish Reveals Who Really Bit The Singer) View this post on Instagram A post shared by Beyoncé (@beyonce) on Mar 30, 2019 at 9:25pm PDT And because of that a whole handful of celebrities are reportedly set to make out big. The list includes stars like Ashton Kutcher, Gwyneth Paltrow, Jared Leto, Beyonce and husband Jay-Z, just to name a few, according to Forbes. (SLIDESHOW: 142 Times Josephine Skriver Barely Wore Anything) Per the report, which references the New York Times. It wasn’t all just investments. In 2015, [Travis] Kalanick hired Beyoncé to perform at a company offsite event in Las Vegas. The cost was $6 … [Read more...] about Report: Internet Claims Beyonce Made $300 Million For Uber Performance. Here’s The Real Number
Not so long ago, Gauri Khan had reacted to Shah Rukh Khan's sudden sabbatical after the Zero debacle and had said that he required the break very much. Gauri had also asserted that she's happy that now, she can travel the world while SRK can look after their little one, AbRam. However, Gauri had assured that SRK will resume work, very soon as cinema is his passion and he can't be away from it for a long time. Meanwhile, rumours of Shah Rukh Khan signing Dhoom 4, Don 3 and Rajkumar Hirani's next, keep floating around. Shah Rukh, who's all set to return as the host of TED Talks India Season 2, addressed the rumours of his next film and said, "I am taking time to think, and reading two or three scripts right now. As soon as they are ready, I'll be ready too but most of the people around me are busy, so I will announce it when the time is right. Till then, the rumours are bound to fly! Some of them have given me great ideas. There was one film called Tarzan and Jane, and I felt like doing … [Read more...] about After Gauri, Shah Rukh Khan Reveals When His Sabbatical Will End!