Useful tax saving tips for home owners
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.
Category Archives: How To
Stock and Rupee – Will somebody tame the bear?
India is witnessing a fall all around from the stock market to currency value. The only thing that is showing some strength in the market is Inflation. Even theory of relativity fails when it comes to pulling down the Inflation in India. Crude price has recently shown some weakness as the price of Brent has… Read More »
Home loan EMI and the brown envelope!
As anyone who just moved into their own house will know – it is a wonderful feeling to step into a freshly painted and furnished brand new home! Owning and moving into a new home can be a very fulfilling moment!
How the American housing dream went bust
Optional Adjustable Rate Mortgage, is a loan product which, in addition to having a very low down payment (usually 5% of the home value), gave the borrower an introductory period during which he could choose to pay the interest due alone for the month or to pay an even lower repayment termed “minimum payment”. Making… Read More »
6 steps towards better financial fitness!
Sunila walked out of the debt counselor’s office in a pensive mood. She had accompanied a close friend of hers for moral support. Her friend Divya had actually opted for the services of a debt counselor having run into some financial trouble and some pending loan dues.
Savings rate – Impact on you!
Recently, RBI has also deregulated the savings rate along with increasing the policy rates by 25 basis points, the 13th time in the last 18 months.
Balance of transfer on cards–Make most of it!
Have you ever run into a situation where you find your current outstanding dues on your credit card suddenly overwhelming? Do you wish you had better benefits on your card? There is a way out which will give you more time to pay off the dues and also get rid of your current credit card.… Read More »
Investing in demat gold!
Uncertainty in the global markets, slower recovery of developed economies, volatility in the stock market and sub-optimal economic policies across the countries has forced people to find safer havens for investment. This is where gold scores over other investment options. Not only people, but nations also repose their faith in gold. Gold has been making… Read More »
The joint home loan advantage
The most significant advantage of a joint home loan is the increase in home loan eligibility. Incomes from all joint home applicants are pooled in to enable the applicants to obtain a higher loan amount towards purchasing their dream home. All the joint home applicants are eligible for tax rebates under Section 80 C for… Read More »
Simple rules in investments!
Another way to use this rule of thumb is to guess the rate of return that you must get for an investment to double within a particular period. Say, Mr. Ramesh wants to buy a house after six years for a budget of Rs. 30 lakhs. He has Rs. 15 lakhs with him as of… Read More »