Anxiety, cheer, joy, worry, nerves, confusion, clarity, lack of clarity – these are the range of emotions that engulf us the moment we start thinking of buying our first home. Irrespective of our financial standing, a first home has a very special emotional place in our heart. Then, why should it be a cause for… Read More »
The whole nation is obsessed with the rise and fall of the sensex whether or not people are directly or indirectly associated with it. With the increase in economic activity in the nation sensex has become a household term which is keen followed by millions everyday. The exact methodology employed to calculate the figure of… Read More »
The end of July rush is the expected norm every year, when tax returns need to be filed! Most people wake up to the need of filing income tax returns only around this time! The IT department has over the years introduced many measures, which take advantage of the available technology to make the process… Read More »
The gold loan business had been performing steadily and grown with a very fast pace in last few years. The current situation has changed a lot, and now it is a dying business for NBFC whereas banks have taken advantage of this situation. Suddenly, a break has been put on by the RBI on NBFC’s… Read More »
Old age can be very challenging, or rather miserable, when there is no financial support from any source. Taking this into account, some of the finance companies have introduced the Reverse Mortgage scheme in India. This scheme originated in the United States and has gained popularity in the West since its inception. Reverse mortgage, as… Read More »
In terms of car financing a lease is a legal contract between the owner of an asset (the car) and its user (the Lessee) for the hire of that asset. While the ownership still rests with the lessor (Financing Institution) the right to use the asset (car) is given to the lessee for an agreed… Read More »
When saving for a home loan, plan on increasing the down payment over and above the limit that needs to be paid RBI recently brought in a new ruling effective from February of this year to curb property values being inflated. Accordingly stamp duty, registration and other taxes like VAT and service tax will be… Read More »
The global weakness and slow-down left no stone unturned to tarnish the market sentiment in every sphere. The volume in stock exchanges has got badly affected by the economic instability and investors are not willing to burn their fingers in the heat of burning beacons. After a long period of storm in the Indian stock… Read More »
The arrival of a kid brings in a lot of happiness into the family, especially to the parents, at the same time it also brings along many responsibilities for the couple. All of us are responsible; but uncertainty could collapse the financial health of the family at any time. It is sensible to save money… Read More »
Nisha and Narain bought two houses and is paying Equated Monthly Installments (EMI) for both. She wants to know how to get maximum tax rebate on it.