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Shouldn't the title of this page really be "Chit Fund", not just chit? A chit is just really a ticket used for the auction historically. --Ewhite77 22:53, 15 October 2005 (UTC)
Hello, May be the website have copied from Wikipedia also.
- Indeed, it seems probable that they have. We can see that it includes content added in this series of edits, but also content that was present in the article prior to that. Other sources may have been copied in the creation of this article, but given that fact it seems unlikely that we copied from them. --Moonriddengirl (talk) 13:09, 21 November 2010 (UTC)
Copyright problem removed
Prior content in this article duplicated one or more previously published sources. The material was copied from: http://maddy06.blogspot.com/2009/05/kuri-systems-of-kerala.html http://www.dnaindia.com/money/report_chit-fund-companies-on-the-rise_1288173. Infringing material has been rewritten or removed and must not be restored, unless it is duly released under a compatible license. (For more information, please see "using copyrighted works from others" if you are not the copyright holder of this material, or "donating copyrighted materials" if you are.) For legal reasons, we cannot accept copyrighted text or images borrowed from other web sites or published material; such additions will be deleted. Contributors may use copyrighted publications as a source of information, but not as a source of sentences or phrases. Accordingly, the material may be rewritten, but only if it does not infringe on the copyright of the original or plagiarize from that source. Please see our guideline on non-free text for how to properly implement limited quotations of copyrighted text. Wikipedia takes copyright violations very seriously, and persistent violators will be blocked from editing. While we appreciate contributions, we must require all contributors to understand and comply with these policies. Thank you. MER-C 11:04, 10 June 2011 (UTC)
- Infringing content was added here. The remainder of that edit was presumptively removed per WP:COPYVIO. MER-C 11:04, 10 June 2011 (UTC)
The comment(s) below were originally left at several discussions in past years, these subpages are now deprecated. The comments may be irrelevant or outdated; if so, please feel free to remove this section., and are posted here for posterity. Following
|There are tax benifits with Chit Funds.
For example : if you have money in the bank, interest earned by the money is taxable.
Where as in Chit Fund amount that you have saved on monthly basis is not taxable. Apart that of you happen to take the money out during the auction and if you have a loss that loss can be deducted from taxable income.
These are some of the benifits for it.Fraud is one bad thing about the Chit Funds. Make sure you select right reputed Chit company if you decide to try the Chits.
Last edited at 20:31, 17 March 2009 (UTC). Substituted at 11:33, 29 April 2016 (UTC)