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 »
Rajesh is an insurance professional who had heard a lot about stock market giving humongous returns to some of his friends. With their advice, he started following the market but did not dare to enter it. However, in 2007, he could not control himself anymore and invested 2 lakhs in stocks of blue chip companies.… 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 »
There was a research conducted in United States on the average number of days investors hold the stock. The number was 187 (about 6 months) in 1991-1996 period. The median was worse with just 90 days. With internet boom era and overpriced IPOs in 2000s, this came down to about 3 months. There is no… 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 »
scenario looks a bit grim. The Indian market is facing several problems. The interest rates show no sign of coming down in the future as the RBI has not relaxed its stance on it yet and is not keen on arriving at a decision yet. There have been downgrades by rating agencies. Many banks too… Read More »
The gold loan business had been performing steadily and had grown at a very fast pace in last few years. The current situation has changed a lot, and now it is a dying business for an NBFC whereas banks have taken advantage of this situation. Suddenly, a break has been put on by the RBI… 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 »
She discussed the idea with her close friend Ashwath, who suggested she put the inheritance in a fixed deposit and get a home loan, as she could avail tax benefits for her income. Suchitra decided to mull over this and do her research on the subject.
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.