A guide to understand your CIBIL Credit Information Report: Mr. Lokesh Kamath, an IT professional, is prompt in paying his dues & has never defaulted on any of his repayments. Lokesh applied for a credit card and to his surprise, his application was rejected citing a bad credit score; Lokesh was in a state of shock,
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Implications of Goods & Services Tax (GST): The Goods & Services Tax (GST) legislation; which intends to levy a single indirect tax rate of 18% by April 2017, has been passed by the Rajya Sabha and is pending in Lok Sabha for approval and ratification by at least 15 states before finally receiving the assent
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Claims Settlement & Grievance Redressal Process for Home Insurance: Home Insurance Claim Settlement Process helps you in making good the financial loss that occurred due to natural or man-made disasters. It helps you in restoring your dream home and priced possessions contained therein. It makes you resilient towards impending disasters and gives you hope to
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Home Insurance – Protect your Dream Home from Catastrophe: It is said that “the heart is where the home is”. Your home holds a special place in your heart in addition to other beautiful things in life. You are not only financially but also emotionally attached to your home. You work so hard to buy a
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Important factors to be considered before you select a Term Insurance Policy: Benjamin Franklin once rightly said that “In this world, nothing can be said to be certain, except death & taxes”. So, you need to understand that your demise may leave your family in a financial jeopardy. Being the breadwinner, you are responsible for
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Significance of Seventh Pay Commission for your financial planning: The Seventh Pay Commission, implemented by the government with effect from 1 January 2016, will have multifaceted repercussions on the country’s economic front. On one hand, the Seventh Pay Commission will enhance the annual fiscal expenditure of the government by an amount of Rs. 1.02 lakh crore,
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All about Capital Gains on House Property: Capital gains are the gains/ profit earned on transfer or sale of assets. In the article below, I will take you through the capital gains on housing property, how is the short-term and long-term capital gain calculated, applicable tax rates on the sale of property and how you
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Here is why a Health Insurance Policy is essential for you: A report released by the World Health Organization on non-communicable diseases (NCD) (commonly known as lifestyle diseases) paints a depressing picture of India. 26 percent of Indians aged between 30 and 70 could die from one of the four major non-communicable diseases – diabetes,
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Here is how you can choose a good Mutual Fund that suits your requirement: Choosing a Mutual Fund might look like a daunting task for many. But believe me, it’s not a rocket science. Anybody who can devote some time and has a willingness to create wealth can do it. Let me simplify the process
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A guide to long-term and short-term Capital Gains Tax: Mr. Anil Gupta bought a property in the year 2013 and sold the same after 30 months as he was making decent gains on the investment, little did he realize that his gains were subject to short-term capital gains tax. If he had sold the property after completion
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