The Income Tax Act treats HRA and home loan deductions under separate sections independently. The two are not interconnected to each other. HRA is dealt with in section 10(13A) Rule 2A while home loans are entitled for tax benefits under section 80C (tax benefit on principal repayment) and Section 24 (tax benefit on interest payment)… Read More »
As a senior citizen, while safety of capital is of paramount importance, don’t forget to take into account the tax factor. Taxes can actually erode the value of your returns. Also another black hole to watch out for is inflation. Many seniors opt for the security of assured returns and end up finding that the… Read More »
2010 is a watershed year for the investors’ community in many ways. India regained the high growth rate, monsoon was plenty to spread cheer, auto sector saw huge growth, and stock market touched the same all time high of 2008. Quantitative easing in US started in 2010 and its impact will be felt only in… Read More »
Real estate sector is one of those important sectors which directly or indirectly affect us. This article briefs you about the post budget impact on Real estate sector. So, if you are an investor looking to invest in the real estate sector stocks then you should read through this article to understand the post union… Read More »
FMCG sector has been growing a healthy CAGR of 11% over the last decade on account of strong domestic consumption demand. It is also the 4th largest sector of Indian economy and has a market size of about Rs 130,000 Crore. This article briefs you about the post budget impact on FMCG sector stocks. Hence,… Read More »
The Oil & Gas sector is one of the most important sectors for the future growth prospect of Indian Economy. This article analyzes the post budget impact on this sector. Therefore, if you are an investor and looking forward to take big bets on the Oil & Gas sector companies, then read through this article… Read More »
Are you more concerned about protecting your capital or do you want higher returns, never mind the risk to your capital? Answering these questions will help you choose the best investment option for your needs. Invest as per your risk appetite. Understand the risk involved in going ahead with the decision and see if it… Read More »
A Fixed Deposit / Term Deposit is an account which allows one to deposit money for a fixed time period. When the deposit period is over, (i.e. at maturity of the deposit) the depositors get interest on the amount that is deposited. The fixed deposit interest rates can be as high as 9.5%. Any individual/HUF/Trust/Partnership… Read More »
For an individual, gross income (i.e. the total income that comes in hand) minus taxes, allowances, rent payments, deductions and other costs of living is called net income. An individual’s net income is used to determine income tax and loan credibility. This may also be called take home pay. The take home pay might be… Read More »
A demand draft (DD) is a cheque where the written amount is paid by the financial institution rather than the individual drawer’s account. When an individual requests for banker’s draft he/she must immediately transfer the amount of the draft along with any applicable fees and charge from their own account to the bank’s account. In… Read More »