Also if held for the long term, you also stand to save on the capital gains tax. Capital gains are the gains you make on your investment after deducting the inflation. As you continue to hold the investment for a long term, the compounding increases. At the same time, the rate of inflation goes up.
If you file your returns after the last date, you will be charged a penal interest at the rate of 1% per month of delay. However, if such a return is filed after March 31, 2010, apart from the penal interest, you will also be liable for a penalty of Rs 5,000. Remember that having… Read More »
Will Vinod be charged a service tax on the entire amount he pays to the builder even if he pays 25 percent of the money after completion of construction? A property is treated as one under construction until the builder gets a completion certificate. So, any amount that Vinod pays to the builder before the… Read More »
The Systematic Investment Plan is ideal for investors who have a regular flow of money (such as employees). A simple instruction to the fund house and the bank will help them invest regularly at a given time and stay away from the volatility of the stock market. When you invest a fixed amount, such as… Read More »
Delayed Payment Charges (late payment charges or penal charges) are levied if you make the payment after the due date. You might also be subject to cheque bounce charges in case one of your cheques is not cleared because of lack of funds. Cheque bounce charges can range anywhere between Rs. 250 and Rs. 500.
Over a period of time, marriages have evolved from a simple ritual uniting two souls to a complex affair where lakhs and crores of rupees are spent on lavish ceremonies. Besides costs of all the services involved in providing marriage facilities, have gone up. So if anything goes wrong, the parties involved can suffer heavy… Read More »
There are many differences between trading and investing. For one, investing is a long-term process, while trading is a short-term process. In investing, company fundamentals, and stop loss play an important role in taking a decision to buy or sell, while trading involves studying charts while deciding on buying or selling a stock. There is… Read More »
Find out how the fund has fared against its benchmark index. Always ensure the fund’s performance is consistent with the returns from its benchmark index, if not better. In case of market crash, ensure the fall in the fund’s value is not more than its benchmark index.
Suresh’s real estate agent informed him that a property under construction will cost him lesser than an apartment that is ready for him to move in. So, he encouraged Suresh to consider purchasing a home under construction by the builder. This is because Suresh is not in an urgent need to move into a new… Read More »
Plot/land loans can be obtained for agricultural purposes or if the land has been approved for house construction, it can be obtained for constructing your home in the near or distant future. Not every bank is keen on lending for land purchase as they foresee difficulties in documentation and protection of land against encroachments.