Income tax authorities allow you to self assess your income and accordingly pay taxes. Many people tend to believe that his/her income tax return is a drop in the ocean for the income tax authorities and hence not declaring income or understating income may well be worth because it saves you a few bucks. Deliberately… Read More »
The process of electronically filing Income tax returns through the internet is known as e-Filing. It is a simple process in which, you need to fill up the tax return form provided online and the other required information about income, expenditure and savings. Then, it is just a matter of logging into the income tax… Read More »
Our investments are heavily affected by inflation. Assume you have opened a bank deposit offering you 6% interest for one year. Now while closing the deposit account, if the inflation is 8%, you actually end up losing 2% (8-6). It means your investment has lost its value. In order to protect the value of your… Read More »
Like how the number of people in India who participate in extreme sports is low, the numbers of companies ready to provide insurance covers for such people are minuscule. Here are some things that may help you understand and get an insurance cover for such activities.
Making a Will is one of the most important and integral part of Personal Financial Planning. Normally, all of us avoid making it. A Will enables each one of us to distribute our property and assets in the manner we wish to distribute it. A Will may also reduce the risks of undue litigation, delays,… Read More »
SIP (Systematic Investment Plan) is one of the most effective ways of investing in equity markets. In SIP, you invest a certain amount each month into the equity mutual fund of your choice. This amount can be as low as Rs 100. This amount is either directly debited from your bank account or you have… Read More »
Capital gains on stock and mutual funds, even those held for more than a year is proposed to be taxed. Also, capital gains could become part of total income after allowing a deduction at a specific percentage of capital gains without any indexation.
Having discipline is extremely important. You have to have discipline in the way one spends and controlling one’s expenditures. It is the key to reduce liabilities and debts and save more. As per a famous trading and investing legend- One must not spend time looking for the Holy Grail of investments or trading systems. It… Read More »
Disability insurance falls in the grey area between life and general insurance and both wait for the other to introduce this product. That is the reason such a policy cover is yet to make a foray into the Indian markets. Therefore, the best thing to do is to opt for the disability rider in a… Read More »
Till recently senior citizens of India did not have a way to liquidate their most significant and largest asset the house but now people like the Kumars can take a lump amount as a loan by pledging their home. They can also opt for this amount on a periodic basis…monthly, quarterly etc. They will never… Read More »