FAQ’s relating to income from House Property under IT law
Corporate fixed deposits are unsecured loans that do not guarantee anything to an investor in case of a default. When you invest in a bank fixed deposit, the Deposit Insurance and Credit Guarantee Corporation ensures that Rs 1 lakh per bank is repaid to you in case of a default. But there is no guarantee for deposits with companies and NBFCs.
We say ‘Financial Planning’ is not rocket science but plain and simple common sense. It is deciding what are the goals, how much is needed for each of them and then making choices from various options for the best way of achieving these goals with least possible risk.
The current turbulent and volatility witnessed in all the asset classes including equities, bonds, oil gold, base metals, real estate etc and the synchronized global bear market which we observed in the year 2008 are leaving many investors totally agashed.
The heading of this article may surprise many tax payers, particularly; all those tax payers who are salaried employees.
Like any other individual a woman tax payer can also obtain Permanent Account Number and she can independently be assessed to income-tax.
Bonds aren't as complex as they may seem. Despite the numerous titles used to describe them – fixed-income securities, debt instruments, credit securities, etc. – bonds are nothing more than a fancy IOU(I owe you) in which the terms, pay-back date and interest rate are carefully spelled out, as in a legal document.
Unit Linked Fund is a pool of the premiums paid by the policyholders which is invested in a portfolio of assets to achieve the fund(s) objective. The price of each unit in a fund depends on how the investments in the fund would perform. The fund is managed by the insurance companies.
Every individual has certain responsibilities under different laws and when it comes to the Income Tax Act then one of the primary responsibilities is to pay the required tax on the income earned during the year.
The interest rates that can be offered on these bonds cannot be more than the yields prevailing on the relevant Govt. securities at the time of issue. As the market interest rates have increased in the last few months, the present issues are offering about 0.25-0.5% more returns than the issues in the recent past.
The current edition of the 'Economy & Realty@Glance' from Knight Frank India reveals a detailed performance analysis of Mumbai's residential market. Check out the the key highlights of the report.
The article idea triggered from one of the few simple queries, how many properties a person can own? On the face of it answer is even simpler, as many as you want.
As readers are already aware that there are two types of NPS accounts ï¿½ Tier I & II. Tier I account is mandatory whereas Tier II account is optional. Thus only Tier I account is eligible for tax benefits and is in true sense the core of the National Pension System.
Now when the cost of education is only moving upwards, it is constantly worrying those parents who want their children to pursue higher education. To finance the high priced higher education is a matter of concern for all such parents.
There are advertisements these days for FDs, advertising 12-13% returns. But these are misleading as they just calculate the yield for the tenure of the investment and divide it by the tenure.
The earliest records of life insurance come from ancient Rome, where burial clubs pooled money among the poor to pay for members' funerals.
All is going to change for the senior citizens once the Provisions of Direct Tax Code come into operation w.e.f. 1st April 2012. The provisions in the Direct Tax code are quite unfair to senior citizens; here's how.
Your investment style is an extension of your own personality. A calmer demeanour would most probably have a conservative approach to investing and would choose safer deposits over riskier returns. Their approach would be in stark contrast to the route adopted by the hyper lot who take risks hoping it results in higher returns.
We all know very well that every year we have to save Rs. 1 lakh to claim tax benefits u/s 80-C of the Income tax, but still we wait till end and end up buying wrong product. However, it is not at all advisable to wait till end and end up buying unwanted product in your portfolio.
Most investors do not read between the lines regarding how rupee fluctuation impacts their investments. Moreover, the exchange rate phenomenon seems esoteric for most of the common investors.
Currently, Infrastructure Development Finance Company (IDFC) and L&T Infrastructure Finance, both engaged into infra lending business, are running two retail issues offering 9% rate of interest per annum. Should you invest?
US Presidential nominate, Herman Cain, had come up with a program titled '9-9-9' aimed at reforming the US tax system.
There have been many developments in the recent past that are likely to impact our personal finances. It would be prudent to be aware of these and make appropriate changes, if required.
Much has been spoken and written about whether Mutual Funds or ULIPs are a better option for you to put your money in. However, my question would be – did the war even exist, since both of these financial instruments are meant for very different needs.
Much has been spoken and written about whether the new ULIP guidelines have significantly improved the product. The regulatory agenda is evolutionary in nature, aimed at improving the products and services offered to consumers while keeping in view the changes in environment and consumer behaviour.