Personal Finance

short term or long term?

Tax Planning & Help

Posted by : ashalanshu

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Dear friend, I don`t know the reason why u r purchasing the new flat in ur wife`s name?

But from Taxation point of view, Sample this -

1. The capital gains from the sell of old house r liable to tax in ur hand & as u r not purchasing the new house in ur name, u w`d have to pay tax on this capital gain.

2. As u r using ur own money to purchase the flat in ur wife`s name, due to clubbing provisions of Section 64 of Income Tax, any rental income from new flat `ll be fully taxable in ur hands.

Plz. think b4 u act.

Thanks

Ashal
...

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short term or long term?

Posted by : Guest

hi sir i sold flat in the name of my .but i want purches oter flat in first name of my wife.what i libel to pay capital gan tax.

ICICI FINNACLE

Insurance Help

Posted by : ashalanshu

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Dear Ravir2000, Plz. note the product name is Pinnacle & not finnacle as u posted.

Plz. check my prev. posts on 26 oct 2009.

In simple words plz. don`t invest in IPru Pinnacle.

Thanks

Ashal...

In reply to:

ICICI FINNACLE

Posted by : ravir2000

ICICI had introduced a ULIP and insurance product called FINNACLE. I am interested to know about the product from members to take final decision. members may kindly through more light on FINNACLE what are merits and demerits of scheme.

short term investment in MF

MF Investment Help

Posted by : hsm

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I would like to invest for short term say 7 days or so in MF so that my capital does nit lie idle? What would be the best fund to invest in?...

Jeevan Nischay

Insurance Help

Posted by : kentmss

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The returns in Jeevan Nischay are nothing to write home about. Even the KVP gives you much better returns.

I suggest you rather take a Term Insurance for your life cover and invest in a Good Diversified Mutual fund for returns.

To add to what the experts have said here, you can invest in
Birla Century Sip
DWS Tax Saving Fund
Reliance Sip Insure
here you will get much much more returns than what you get in Jeevan Nischay and even in ULIPs.

...

In reply to:

Jeevan Nischay

Posted by : sd.prasanna

Dear Experts,
Kindly give me your view on Jeevan Nischay. Last year I missed investing in Jeevan Aastha.
Shall I invest in jeevan Aastha???

Invest 25000/- in Mutual Fund Tax Saver

MF Investment Help

Posted by : Guest

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Hi,
I want to invest 25000/- in Mutual Fund Tax Saver. Can you tell me whcich fund I have to choose for investing ?

...

Invest 25000/- in Mutual Fund Tax Saver

MF Investment Help

Posted by : Guest

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Hi Friend,
I want to invest 25000/- in Mutual Fund Tax Saver. Can any one tell me which fund I have to invest?...

Best MF for Lumpsum investments

Best Funds to Buy

Posted by : RANJAN

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1) HDFC TOP 200

2) DSPBR TOP 100

3) Birla Sunlife Frontline Equity

4) Reliance Growth

5) DSPBR Equity

6) UTI DIVIDEND YIELD. ...

In reply to:

Best MF for Lumpsum investments

Posted by : yrockonu

I want to invest 60k in 5-6 MF. plz suggest me the best funds. I am ready to take high risks.i am first time invester in MF

TDS rate calculation

Fixed Income

Posted by : rashmi1kanta

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How is the TDS rate calculation for FD maturity , ICICI bank charged me 6% on the Interest earned as TDS amount , is not it a big amount ?
...

advice for trading needed

MF Investment Help

Posted by : Guest

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i am trading in short term.so wat should be the minimum profit percentage so it covers the tax and the brokerage...

short term or long term?

Tax Planning & Help

Posted by : Guest

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hi sir i sold flat in the name of my .but i want purches oter flat in first name of my wife.what i libel to pay capital gan tax....

In reply to:

short term or long term?

Posted by : bharesh4

Dear Sir, I had sold shares exactly after one year i.e. date of purchase 9.10.2008 and date of sale 9.10.2009. Capital gain earned on this is short term or long term? I am a NRI and my bank has deducted TDS on this capital gain stating that it is a short term gain and I should have hold the shares atleast for one more day. Your guidance shall be highly appreciated. Regards - Haresh Bilakhia

house

Tax Planning & Help

Posted by : amitgary

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I and my son has booked a new flat .He is first owner and I am joint holder .Since I have my first house the bank is treating this new house as second house though my son has no house of his own and he is goinging to give EMI as I am retired .DUE to this the bank will charge 0.25% more than usal rate of intrest .Can any tax guru suggest the remedial measure for the same...

Open a Pvt Co or LLP for Finanacial Investments?

Budgeting and planning

Posted by : naya chokra

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I wish to open a company, basically to channelize all the investments of everyone in my family. What is the process and what kind of co. can I register? Can i open an LLP? I intend to show costs of investments (like Demat a/c annual charges)and cost of bike for transport on the name of this company. Please guide...

short term or long term?

Tax Planning & Help

Posted by : Guest

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hi sir i sold flat in the name of my .but i want purches oter flat in first name of my wife.what i libel to pay capital gan tax....

In reply to:

short term or long term?

Posted by : bharesh4

Dear Sir, I had sold shares exactly after one year i.e. date of purchase 9.10.2008 and date of sale 9.10.2009. Capital gain earned on this is short term or long term? I am a NRI and my bank has deducted TDS on this capital gain stating that it is a short term gain and I should have hold the shares atleast for one more day. Your guidance shall be highly appreciated. Regards - Haresh Bilakhia

ICICI FINNACLE

Insurance Help

Posted by : ravir2000

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ICICI had introduced a ULIP and insurance product called FINNACLE. I am interested to know about the product from members to take final decision. members may kindly through more light on FINNACLE what are merits and demerits of scheme....

Check List for Debt Investors

MF Investment Help

Posted by : ashalanshu

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Dear Rdadhe, Yes PPF & PF r the only debt products which r tax free as per current Tax law. But once the new Direct Tax code `ll take place, the things `ll not remain same.

Now to answer how much one should invest in these debt products & how much in Eq. the answer `ll depend upon several factors -
1. Age of investor
2. Risk appetite
3. current portfolio structure
4. Time remain to retirement
5. Financial liabilities
6. Over all time available for investment to grow
To name a few.

After identifying the above & some other factors an investor may decide her own split of Eq. & debt.

Thanks

Ashal

...

In reply to:

Check List for Debt Investors

Posted by : rdadhe

Dear Ashal,

I was just wondering. It make a long term sense to max your PPF each year. Along with PF & Superannuation, it is the only tax free investment avaliable at the moment. (not sure for how long)

After this, normally working people find it very difficult to find large amount of cash to save in other avenues. Is it not therefore best to focus on a % split between Debt & Equity for your age and profile and then allocate the investible cash accordingly? Mostly, this will mean that major portion of your disposable income should go in equity related investments.
Regards