Investing for your retirement may not be the most important thing on your mind when you start your career. For most people, investing may not even be on the priority list when they start their career. When you start your career, your saving capacity may not be much in absolute terms, as your salary itself… Read More »
Pranab and Bishwadeep both work in the same company, at the same level with the same salary. Yet, Bishwadeep is always relaxed and looks in control of his personal finances. If someone asked Pranab, what his net worth was or what the outstanding on his home loan was, he would give some off the cuff… Read More »
The importance of Permanent Account Number (PAN) card has grown over the years, and it is today an essential part of our lives. The most important purpose of allotting PAN to an entity is for the purpose of identification and to track all the related monetary information of that entity. Initially, the significance of PAN… Read More »
Photo Credits : Inha Leex HaleyIt is a good idea to categorize your payments under different headings like daily living expenses, entertainment and vacation, health etc. This will give you a fair idea of how much you spend on different categories. It is easier to keep track and also control your expenses once you know… Read More »
Clarity in Tax laws, stable tax regime, and Independent judiciary is the underlying theme. Tax system should reflect best growth – Tax Reform committee to be setup to make system better. Direct Taxes Little room to raise tax levels. Prudence and Patience. NO CHANGE IN TAX SLABS Tax Credit of Rs 2000 for people in 2 Lakh to… Read More »
Every industry worth its name has a group of associations and lobbyists voicing their concern and expectations from the Budget and the Finance Minister. But the person who forms the bottom of the pyramid and supplies capital to the top of the pyramid by his purchasing actions has very little voice which is suppressed in… Read More »
Senior citizens. A lovely word coined by the government to describe elderly people of the country. Whether they get the respect needed to be given to a “Senior” is a matter of perpetual debate.
If you choose to use the capital gains from selling your house to buy a residential property, you will not be taxed and there is no tax liability from such a sale as stated under Section 54F of the Income Tax Act. You can also be exempted from tax if the long term capital gains… Read More »
Enough cannot be said about the importance of planning your savings and understanding tax components that you can utilise to maximize your income. One of the best ways to take the time to research and plan well in advance, is to start on this exercise right in the beginning of the financial year and not… Read More »
Gold has a certain element of emotional value for all Indians. Taking personal loans against family gold had not been considered as a preferable option till late though the tradition of loan against gold had been in practice since centuries through unorganized money lenders. The value of gold has been on the rise for… Read More »