Personal Finance

opening an SBI demat account is good or not

First time stock investors

Posted by : saga_018

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I am new to share market is it good to open an SBI demat account...

ICICI Pru Health Saver

Plan Scan

Posted by : Vivek Jain

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Addressed to  ashalanshu,  pcspune

Hi Boarders,

There is a new plan "ICICI Pru Health Saver" in market. This is being called as ULIP and which boast of availing tax benefits u/s 80D for the entire amount invested.

Being a ULIP, Because of benefits u/s 80D It looks attractive.

Please analyze this plan and give your expert opinion about it.

Many Thanks for your time.

Regds
Vivek
...

Uniworld City by Unitech in Mohali

Property

Posted by : grouvvy

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I have booked a independent floor in Uniworld City by Unitech in Mohali Sector 98. In one of the news websites yesterday, I read that Mega Property Projects in Chandigarh have come under scanning because of some scams. Is this Property also in that category ? Please advise urgently....

Uniworls City Project of Unitech in Mohali

Property

Posted by : grouvvy

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In November, I have booked for the Uniworld City Project of Unitech in Mohali (independent floors). In yesterday news I have seen that some major projects in Chandigarh have come under scanner. Is this Property also in the list ? Please advise urgently as my next instalment is due....

Short-term debt investment ( 1 year ).

Fixed Income

Posted by : zapper

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Dear Ashal, i think you wrongly addressed to me rather to dear pcs. Anyway, i think we should suggest dear raj to avoid STCG tax, which he cannot do with SIP except the first Sip as you mentioned. The only method left is investing lump sum. What is your say?
Thanks
zapper...

In reply to:

Short-term debt investment ( 1 year ).

Posted by : ashalanshu

Dear zapper, plz. go thru the post again, the time frame is limited to 1 year only in that case barring the first SIP, all future SIP `ll be considered as STCG at the time of redemption & therefore the Tax `ll be 15.45%.

Thanks

Ashal

gold mutual funds

Best Funds to Buy

Posted by : zapper

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Dear Nasina,

There are two types of gold related funds available in India. The gold exchange traded funds (Gold ETF) invest in gold. They are - Reliance Gold ETF,Gold Benchmark ETF,Quantum Gold,UTI Gold ETF and Kotak Gold ETF. To invest in Godl ETF Funds you can do only through a demat account.
There are funds who invest in stocks of gold mining, refining and marketing companies abroad. The DSPML World Gold Fund delivered 4.55% (As on 06 Jan 2009) returns since its launch and another is AIG World Gold Fund which has not yet completed a year. Both these funds are new so its difficult to analyse on the basis of their past performance.

Happy Investing
zapper...

In reply to:

gold mutual funds

Posted by : Nasina

which gold mutual funds are best to bu?

Which form is right for you?

Tax Planning & Help

Posted by : MMB Messenger

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Eight new forms have been released this year. Identify the form you need to file your tax returns for the year 2007-2008.
...

re: Choosing b/w Select focus fund and Birla Frontline fund

MF Investment Help

Posted by : kaush_k

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Dear Mayekar,

Having to many ECS transaction does not incur bank charges, i think there is a limit on the number of ECS transaction one can do ?

The mutual funds investment are for longer term, so doing Sliptting SIP in a month, may not be needed, In my case, i have atleast one SIP happening a week and according to me that should be ok.

On SBI Contra fund, I would advise you to continue.
Reasons:
a) It is one of the STAR fund of a good fund house - SBI, secondly performance has been good inspite of maverick fund managers (Sanjay Sinha, Sandeep Sabrawal)leaving SBI, shows that it has a good investment process in place which is not person dependant.
b) Generally, Fund houses focus to get their `star` fund performance back on track, as they can showcase them to build credibility, So my guess is SBI contra will get the same focus.
c) You will average out on your SIP and will have a diversification across fund house.
6) The yearly mgmt expenses will be less as the total market cap is large and the fund is more than 5 years old so the marketing expenses etc have already being covered.

Finally it`s your money and your call !
...

In reply to:

re: Choosing b/w Select focus fund and Birla Frontline fund

Posted by : Mayekar

Thank you wise friends for advice.

the amount is more than 1000 per ECS per fund. i am already doing 4 SIP per month per fund

With 7 funds risk is of having more number of funds... though goal of having 70%+ investment in large cap will be achieved( portfolio re balancing after recent lows)

stopping SIP in contra now will leave me with investments in contra fund for 08 only which will take longer to redeem . Better i continue in 09-10 , average.since i am having spare to invest???

as rightly said, it is difficult to remain in top quartile of performing funds always

thanks
-mayekar

Mutual Fund

MF Investment Help

Posted by : dsvas

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Think, it is good to withdraw money, which the amount put in mutual funds. what is the benefit with the facility? if there is chance withdraw the money, lot of people made unncecessay withdrawals. mainly one thing is remeber that invesment in mutual funds are for longterm,and another thing is, put the excess money in mutual funds(indirectly stock market).every one can think for a while and decide whether it is good or bad?

thanks
dsvas...

In reply to:

Mutual Fund

Posted by : Guest

Does any Mutual Fund offer plastic money like Reliance Mutual Fund? We can withdraw money through HDFC Debit card at any time.

I sold my house, now I have to pay tax?

Tax Planning & Help

Posted by : Guest

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Can i file my income tax returns at a different Income Tax office other than my registered one ?...

Tax Benefits in case of disabled dependent

Tax Planning & Help

Posted by : subasu

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Section 80DD has a proviso under which the word `disability` has been defined. Autism is not just being hard of hearing. Purchase of hearing aid, in my opinion, will not come under the definition of severe disability and therefore deduction of cost of hearing aid may not be admissible. Further, being hard of hearing is not such an ailment as to require constant care and support as is the case with mental disability, disorientation etc.


(c) disability shall have the meaning assigned to it in clause (i) of section 2 87 of the Persons with Disabilities (Equal Opportunities, Protection of Rights and Full Participation) Act, 1995 (1 of 1996) 88[and includes autism, cerebral palsy and multiple disability referred to in clauses (a), (c) and (h) of section 2 of the National Trust for Welfare of Persons with Autism, Cerebral Palsy, Mental Retardation and Multiple Disabilities Act, 1999 (44 of 1999)];...

In reply to:

Tax Benefits in case of disabled dependent

Posted by : ashalanshu

Dear vikas80, plz. note u can claim a deduction of 50K Rs. or 75K Rs. as per the severity of the disability of the dependent person under section 80DD.

Thanks

Ashal

MF Investments

MF Investment Help

Posted by : Guest

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Addressed to  kadiyali

Hi,

I am in uk. I would like to invest in MF now. Is this the right time to invest?...

Short-term debt investment ( 1 year ).

Fixed Income

Posted by : ashalanshu

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Dear zapper, plz. go thru the post again, the time frame is limited to 1 year only in that case barring the first SIP, all future SIP `ll be considered as STCG at the time of redemption & therefore the Tax `ll be 15.45%.

Thanks

Ashal...

In reply to:

Short-term debt investment ( 1 year ).

Posted by : zapper

Dear Raj,

I would like to add to what dear ashal has mentioned that Bank F.D`s and Gilt/Income or Debt funds are taxable whereas Eq. Arbitrage Funds are tax free if kept for 1 yr. You will get approx. 8-9% returns per year in eq. arbitrage funds.

Happy Investing
zapper

Jeevan Ashtha

Insurance

Posted by : ashalanshu

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Dear friend, the Tax benefit under section 80C for the prem. paid & under section 10(10)(D) for maturity amount r available in Jeevan Aastha policy.

Thanks

ashal...

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Jeevan Ashtha

Posted by : Guest

LIC Jeevan Ashtha is a tax benefit policy?

Tax Benefits in case of disabled dependent

Tax Planning & Help

Posted by : ashalanshu

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Dear vikas80, plz. note u can claim a deduction of 50K Rs. or 75K Rs. as per the severity of the disability of the dependent person under section 80DD.

Thanks

Ashal ...

In reply to:

Tax Benefits in case of disabled dependent

Posted by : Vikas80

Please let me know if there is any tax benefit on the amount spent for disabled dependent on purchase of some equipment like hearing aid etc.