Usually a family comprises of a person who works and earns money for the family and also people who are dependent on him/her. They may not have any means of earning money and it is the responsibility of the breadwinner to secure his family in the case of any unforeseen tragedy or his untimely demise.… Read More »
Planning for retirement and doing something about it is something that most youth and elders detest. For the youth there is no incentive to plan for something that will come up 35 years later. For the elders, the fear that they may not have enough money in their last phase of life prevents them for… Read More »
The Iyers had a simple formula – If they earned Rs. 100/- whether Raghu’s salary or Radha’s freelance income Rs.30.00 went towards investments. Of this – Rs.10 went to long term saving, Rs.10 went to short term (1-2 years) needs and Rs.10 went to build an emergency corpus. After a couple of years they had… Read More »
Real estate transaction including the purchase and selling of all types of lands barring one, gets costlier; TDS now deductible for transactions exceeding INR 50 Lac. The Central Board of Direct Taxes just made the already complex real estate transactions a lot more complicated, by implementing TDS on the selling of an immovable property valued… Read More »
With the growing popularity of home loans among Indian customers the banks and other financing agencies are constantly coming up innovative products and features to lure more and more customers into their fold. The so called home savers are part of such initiatives to provide greater flexibility to the borrower in repayment of the home… Read More »
On handing over the house to you, the builder needs to also give a `Completion Certificate’. This is issued by municipal authorities which establishes that the building complies with the approved plan. You would need this certificate for registration of your house and other government formalities.
All-time low for the rupee signals the advent of tougher times for the average person; durables, cars to cost more .The average Indian should brace up for even tougher times, as the staggering decline in the value of the Rupee is all set to take their regular and discretionary expenditures to new highs! The average… Read More »
Rupee touched 59 to a dollar yesterday and it sent panic waves in investors’ community, bankers, and Government. Investors’ community is worried because it will cut down the returns of foreign institutional investors (FII) which will directly impact overall stock market negatively. Bankers are worried because this may delay RBI’s rate cuts further halting the… Read More »
What is a utility bill? The bills such as electricity bill, telephone bills, mobile phone bills, etc. are referred to as utility bills. Usually these bills have to be paid in their respective offices on or before the due date. Standing for hours in a queue to pay an electricity bill or telephone bill is… Read More »
EMI is a common household term today, as more and more people are availing different kinds of credits to meet their financial needs. The same is applicable to outstanding amounts in credit card dues which the customer may find difficult to pay in one go. Is the EMI facility on credit card payments a good… Read More »