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    Nilesh Shah
    Nilesh Shah, MD & CEO, Axis Capital, replies to boarder Sanjay Bose's question.
    Deepak Yohannan

    Deepak Yohannan

    CEO

    MyInsuranceClub.com

    05:33 pm | 13 Aug 2014 |

    Encourage your parents not to ignore health: Here's how

    The awareness that health insurance is crucial has gained traction only in recent years, fuelled largely by runaway medical inflation.
    Siddharth Bhamre

    Siddharth Bhamre

    Head- Derivatives

    Angel Broking

    02:46 pm | 16 Aug 2014 |

    Short Nifty at 7900; like Cairn; Tata Motors: Angel Broking

    Siddharth Bhamre is not negative on the market and has neither gone long either but might contemplate of initiating shorts around 7,850-7,900
    Jitendra P.S.Solanki

    Jitendra P.S.Solanki

    Investment Adviser & CFP

    JS Financial Advisors

    05:35 pm | 13 Aug 2014 |

    For the first timers: Tips to invest in mutual fund schemes

    Lot many investors come with a query “ I haven’t invested before…which mutual funds scheme should I choose”. And rightly so.
    UR Bhat

    UR Bhat

    MD

    Dalton Capital Advisors

    01:42 pm | 16 Aug 2014 |

    Nifty may breach 7850 soon; like private banks, IT: UR Bhat

    "Public sector banks are not the flavour of the season. There maybe at least a couple of quarters one will have to wait. Also, for capital goods may be a bit to...
    Vivek Sharma

    Vivek Sharma

    Financial Planner & Trainer

    12:59 pm | 07 Aug 2014 |

    Bond or NCD: Why looking at credit rating is not sufficient

    Going by the conventional wisdom of finance any investment option offering high rate of return, may potentially pose high level of risks. So how will an investo...
    Amisha Vora

    Amisha Vora

    Joint MD

    Prabhudas Lilladher

    06:12 pm | 14 Aug 2014 |

    Policy action, macro to drive mkt: Prabhudas Lilladher

    Amisha Vora, joint MD, Prabhudas Lilladher says fundamentals will take time to revive and change but announcements, actions on policy and macro is the only fact...
    V Vishwanand

    V Vishwanand

    Sr Director & COO

    Max Life Insurance

    01:01 pm | 07 Aug 2014 |

    Go for it! Finance fundamentals for freshers

    Self-control is the stepping stone in managing your finances better. You need to learn the art of delaying self-gratification. In other words, do not purchase a...
    Girish Pai

    Girish Pai

    Director, Claritas Research

    Claritas Research

    11:47 am | 14 Aug 2014 |

    Bullish on medium term, see 15-20% returns: Claritas

    Girish Pai is overweight on IT and pharma and is positive on domestic cyclicals on FY15-16E earnings expansion.
    Rajiv Raj

    Rajiv Raj

    Founder & Director

    Creditvidya.com

    01:06 pm | 07 Aug 2014 |

    Have you missed paying credit card bill?

    There are two chief reasons why one does not pay credit card bill on time. First, you might not have enough funds. Second, you may have simply forgotten due to ...
    Tirthankar Patnaik

    Tirthankar Patnaik

    Strategist & Economist

    Religare Capital

    11:43 am | 14 Aug 2014 |

    Interact with CNBC-TV18: Tirthankar explains how to approach the financial space

    Moneycontrol Boarder Raghvendra from Hyderabad asked Tirthankar Patnaik of Religare Capital Markets, how investors should approach banking and financial stocks ...
    Anuj Puri

    Anuj Puri

    Chairman & Country Head

    JLL India

    01:09 pm | 07 Aug 2014 |

    Cautious but positive on RBI Monetary Policy: JLL

    The RBI has deemed it premature to conclude that future food inflation and its effects on broader inflation can be discounted. Also, the government is currently...
    Kishor Pate

    Kishor Pate

    CMD

    Amit Enterprises

    05:07 pm | 05 Aug 2014 |

    Pune: What makes it ideal for Modi's 'Smart City'?

    With the new government's sharp focus on creating 100 'Smart Cities' in India, the subject of the 'IT Effect' the real estate markets of cities once again takes...
    Sudarshan Sukhani

    Sudarshan Sukhani

    Technical Analyst

    s2analytics.com

    09:02 am | 14 Aug 2014 |

    Remain buyer; carry positions for next week: Sukhani

    Watch the interview of Sudarshan Sukhani, s2analytics.com with Latha Venkatesh & Sonia Shenoy on CNBC-TV18, in which he shared his reading and outlook on market...
    Hemant Rustagi

    Hemant Rustagi

    CEO

    Wiseinvest Advisors

    11:55 am | 05 Aug 2014 |

    New tax rules- What this means for non-equity funds?

    Budget 2014 has left non- equity fund investors perplexed. Read on to know what these new tax rules mean and how to strategies your investments to get tax effic...
    Vineet Bhatnagar

    Vineet Bhatnagar

    Managing Director

    Phillip Capital

    10:00 am | 13 Aug 2014 |

    Nifty may top 7800; sharp correction unlikely: Phillip Cap

    Bhatnagar says FIIs are net long on Nifty futures and says the trend in the call and put options written by them suggests that 7800 is on the cards.
    Om Ahuja

    Om Ahuja

    CEO - Residential Services

    JLL India

    06:53 pm | 07 Aug 2014 |

    When it comes to ultra luxury homes, location matters

    Prominent addresses or 'pin code value' still matter, and the ultra-rich are willing to pay extra premiums to get them

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    Diipesh Bhagtani

    Executive Director, Jaycee Homes

    Om Ahuja

    CEO - Residential Services, Jones Lang LaSalle India

    Subhash Lakhotia

    Tax Consultant

    Anil Rego

    Founder and CEO, Right Horizons

    Lovaii Navlakhi

    MD & Chief Financial Planner, International Money Matters

    Arnav Pandya

    Financial Planner

    Balwant Jain

    CFO, apnapaisa.com

    Suresh Sadagopan

    Certified Financial Planner, Ladder7 Financial Advisories

    Umesh Rathi

    CFPcm, Arihant Capital

    Questions & Answers

    Q

    mohanlal52: Sir. I have inherited 2 adjoining residential plots of 200 sq. yards situated now within Municipal Committee area purchased by my father in or about 1959 at a cost of Rs.1600 each. I propose to sell the plots for a sum of around Rs. 10 Lacs. Kindly advise me the LTCG tax liability and how can I save by investing the amount. Thanks Mohan

    A

    Balwant Jain

    CFO, apnapaisa.com

    For computing capital gains in case the property is acquired through inheritance, the cost to the previous owner is taken into account. However in case the asset is acquired prior to 1st Aril 1981, you have the option to take the market value of the same as on 1st April 1981 in stead of the cost to the previous owner. Since your father had bought the plots in 1959 it is beneficial for you to take the market value of the plots as on 31st March 1981 as your cost. Going by the way the law is worded toady the your indexed cost of acquisition will be calculated by taking the cost inflation index for the first year. You have two options to save the capital gains. Under first option you have to either purchase a residential house property within a period of two years from the date of sale of the plots or construct a residential house property within a period of three years from the date of sale of the plots. For claiming the exemption, you have to invest the sale consideration for residential property. So the amount of exemption from long term capital gains available here shall be in the ratio of the amount invested which bears to the amount of full sale consideration.The second option to salve the capital gain arising on transfer of plots is to invest the indexed capital gains in specified bonds (NHAI/REC). The maximum investment in a year can not exceed Rs. 50 lacs. These bonds have a lock in period of 3 years from the date of acquisition. The investment in bonds has to be made within a period of 6 months from the date of sale of the plots.

    A

    Balwant Jain

    CFO, apnapaisa.com

    For the current financial year 2014-2015 you can avail the tax benefits in ELSS and RGESS and claim the tax benefits.. However, the tax benefits for RGESS is subject to the following conditions:This scheme is available only for new retail investors (who has not made any transaction in the equity/derivative segment)Your gross total income does not exceed Rs. 12 lakhInvestment is made in listed equity shares or units of equity oriented mutual fundInvestment is locked in for a period of 3 yearsYou can avail the tax benefit for RGESS under Section 80 CCG for r 3 consecutive years beginning from the year in which these investments were first made.

    A

    Balwant Jain

    CFO, apnapaisa.com

    The profit on sale of plot of land shall be taxable in India even though you are non resident Indian (NRI) as the capital gains has accrued in India. Since you have held the plot for more than 36 months, the profits on sale of the plot shall be treated as Long term capital gains which will be the difference between sale consideration and indexed cost of acquisition. As part of the payment has been made by your father, for the purpose of calculating the gain, you cost will be restricted to the sum contributed by you. Capital gains will be divided in the ratio in which you both have paid for the plot. As far as tax liability is concerned it does not make any difference whether the money was paid from your regular account or your NRO account. The benefit of indexation shall be available you from the date of payment in case of the installments paid at different times. You can save the capital gains if you invest the sale proceeds for purchase/construction of a residential house property or invest the indexed capita gains in capital gains bonds of Rural electrification Corporation (REC) or National Highway Authority of India. In case you do not want to invest money either in house or in bonds, you will have to pay tax @ 20.6% on the indexed long term capital gains so calculated.

    A

    Balwant Jain

    CFO, apnapaisa.com

    You can claim the HRA exemption while filing your return of income. For the purpose of computing the exemption, basic salary received from each employer shall be considered separately for the respective period against the rent paid for the relevant period. Please note you can claim the HRA exemption only and only if you are staying in a house and paying a rent which is not owned by you. Please preserve the rent receipts for the HRA claims, which the assessing officer can demand at the time of assessment in case your case is selected for detailed scrutiny.

    A

    Balwant Jain

    CFO, apnapaisa.com

    No, exemption in respect of long term capital gains can only be claimed only in respect of purchase of one residential house property so you will be able to claim the exemption only to the extent of Rs. 10 lakhs. Amount invested on development of an existing property is not eligible for long term capital gains exemption.

    A

    Balwant Jain

    CFO, apnapaisa.com

    The long term capital gains arising on sale of residential property which are re-invested for either purchasing or constructing a new residential property can be claimed as exempt if he new property is purchased within two years from the sale of the original property or was purchased one year before date of sale of the asset. Moreover you can get a residential house property constructed within a period of three years from the date of sale of the original assets. There is no restriction on your son becoming a co-owner with his bank loan, as long as your investment in the property is at least equal to the indexed long term capital gains on sale of your old residential house property. In case the property being sold is other than a residential house property then you are required to invest the sale consideration in stead of the indexed gains.

    Q

    naveenkumar7676: R/Sir I ma handicapped person (70%) working in PSU I want to know that is any tax on encashment of leave ? and how many tax concession for handicapped person for 2013-14. I also want to know that how i can save 2000 extra & whitch section

    A

    Balwant Jain

    CFO, apnapaisa.com

    Leave encashment received during the continuance of service is fully taxable. It is exempt only in case the same is received by you on retirement either on reaching your age of superannuation or leaving the job under any other circumstance.As far you second query is concerned, you are eligible for a deduction of Rs. 50,000/- due to you being handicapped under Section 80 U. However, if you are a person with severe disability, you will be entitled for an enhanced deduction of Rs.1,00,000/- Please note this deduction is available only if you are a resident in India. To claim this deduction, you are required to furnish a copy of the certificate issued by the medical authority in Form 10-IA along with the return of income. This form can be downloaded from the below link:http://law.incometaxindia.gov.in/DITTaxmann/IncomeTaxRules/pdf/itr62Form10IA.pdfAs far as your last query is concerned, you can claim a tax rebate of Rs. 2000/- under section 87A if your gross total income (without claiming any deductions) does not exceed Rs. 5,00,000/-

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