Custodian For Enemy Property For India - Income

Income

The fees equal two percent on the gross income from the properties vested in the Custodian. The income received by way of rent, interest etc. on securities is invested in the Reserve Bank of India. The maturity for the year 2004-2005 is expected to touch 135 crores. A balance of 0.22 crores is in the personal ledger account of the Custodian maintained by the Central Bank of India. A sum of 51 lakhs (5.1 million) is kept in the fixed deposit in the name of Habib Bank.

Read more about this topic:  Custodian For Enemy Property For India

Famous quotes containing the word income:

    I know everybody’s income and what everybody earns,
    And I carefully compare it with the income-tax returns;
    Sir William Schwenck Gilbert (1836–1911)

    You boast of spending a tenth part of your income in charity; maybe you should spend the nine tenths so, and done with it.
    Henry David Thoreau (1817–1862)

    Italy is such a delightful place to live in if you happen to be a man. There one may enjoy that exquisite luxury of Socialism—that true Socialism which is based not on equality of income or character, but on the equality of manners. In the democracy of the caffè or the street the great question of our life has been solved, and the brotherhood of man is a reality. But it is accomplished at the expense of the sisterhood of women.
    —E.M. (Edward Morgan)