Single premium policies offer lower premium rates compared to regular payment policies and also provide higher death benefits. However, tax benefit on these plans will be applicable only for the year in which you make the one-time payment.
Banks have their reservations as well. With housing prices going up constantly and banks having a good deal of NPAs, lenders also evaluate the property and the borrower‘s profile before handing out loans.
Extant tax benefit has been extended with the tax free relief available if a person withdraws an amount before the end or closure of their account if this is not more than 25 percent of the amount that has been contributed by the individual to the account.
Use of right tax exemptions ensures more money in hand and less income tax.
While many informed individuals go for health insurance, they are exposed to the risks associated with errors while picking the health insurance.
If you invest in a life insurance you can avail of two kinds of tax benefits. One is by way of availing a deduction from your taxable income and the other through gaining exemption from your total income.
Granting industry status to affordable housing will help developers in accessing funds.
After completing your investments under section 80C of IT Act, here is how you can save tax.
With the real estate sector hoping for a push from the Union Budget 2017-18, the announcement of â€˜infrastructure status‘ to the affordable housing sector, can serve as a significant step in achieving the government‘s R
Owing to the regulatory / business requirements, an infrastructure company can no longer operate through single entity.
Annuity received from pension plans sold by life insurance companies should be made tax free.
We look forward to few changes in terms of (a) increase in tax exemption limit under Section 80C for ELSS Schemes (b) additional limit under Section 80CCD for investment in mutual fund linked retirement benefit/pension schemes.
Ensure healthcare security of the nation by incentivizing purchase of health insurance
Union Budget 2017 should offer additional tax benefits to home buyers.
The number of people who avail some quality cover under personal insurance is very low and revenue collection of government is no way going to get affected materially by extending some tax benefit as non-life penetration still stands at a low of 0.7% of GDP and personal insurance would be hardly measurable.
Finance minister should listen to various demands of the tax payer and offer increased tax sops.
The online marketplace‘s Executive Chairman Sachin Bansal is prepping up a team to handle the India-made private label business.
Critical illness covers sold by insurance companies can offer you an array of benefits.
While you focus on equity mutual funds for wealth creation, let us also look at how debt funds can play a bigger role in your portfolio.
You should take into account various factors before you answer this question. Here is how to go about it.
Co-borrowing is the borrowing of one loan by multiple people. It helps raise loan eligibility to a level that may not be possible to reach as solo borrowers.
There are a number of income tax provisions, which link the benefits with the time taken to complete the construction of one‘s property. Deductions pertaining to repayment of the principal component of a R
With the prices of houses rising significantly faster than salaries, it has become increasingly difficult for individuals to buy a house on their own. Consequently, most people now opt for home loans. To enhance R
There are several benefits to buying a property in a woman‘s name, either as the sole owner or as a joint owner, with governments and banks offering several sops. â€œAspiring home buyers can seek R
Balanced funds invests in a mix of stocks and bonds in the ratio of approximately 3:1