Gold Jewellery acquired through legitimate/exempted income is Tax-free: Gold in India is not just looked upon from an investment perspective, but it is also looked upon as a symbol of status of an individual/family. Be it a festival or marriage or any other auspicious occasion, people’s zeal of holding the yellow metal has never deterred. […]
No Tax on Gold Jewellery acquired through legitimate/exempted income Read More »
Importance of Personal Accident Insurance Policy: Accidents can happen to anyone. Every day you are exposed to the danger of being hurt. It could be a road accidents or improper infrastructure at work. And whenever the accident occurs, it has grave implications. Most of the times, it may be permanent physical & financial damage. [MMS_EBOOK] Consider the case of Mr Mehta
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Here’s how the Demonetization of Rs 500 & Rs 1000 notes would affect the Indian economy: As the prime minister puts it “the mahayagna against corruption”, is all set to send ripples across the country. The demonetization is being made to curb black money, fake currency and terror financing in one go. Moreover, there’s a constant
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CRR, SLR, Repo Rate, Reverse Repo Rate and how it effects your Home loans: Mr. Ajay while watching a business news channel came across a news item that there was a Repo rate cut of 25 basis points. Ajay was curious to know as to how this rate cut would impact his home loan. We often come across terms such
CRR, SLR, Repo Rate & Reverse Repo Rate and its impact on your Home loans Read More »
Here is all you should be knowing about Mobile Wallets and Payment Banks: With the popularity of Smart phones and the introduction of Mobile Wallets such as M-Pesa, Airtel Money, PayTM, etc. it has become very easy for us to make transactions such as payment of utility bills, purchase of goods, withdrawal of cash at ATMs/Banks,
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Buy vs. Rent a Car in India: Which one is a better choice for you? You just got your first high-paying job, and now you think it’s the time to get the “dream car” you have been aspiring for all these years. It may be an excellent way to deal with your huge paychecks. And
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Mr. Subramaniam an IT professional was excited when he was selected for a long-term assignment in the US. He had worked very hard in the last few years and had been eagerly waiting for this opportunity for a long time. Finally, it’s the time for Mr. Subramaniam to reap the benefits of all his efforts.
11 Points Personal Finance Checklist before becoming NRI Read More »
Banking Ombudsman Scheme: Here is the procedure to lodge a complaint against your Bank: Mr. Rahul Singh, has a bank account with a nationalised bank. He opened few deposit accounts with the bank and wanted to close the same due to some immediate requirement of the funds. However, the bank officials did not cooperate with Mr.
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Here is how you can claim unclaimed investments in Bank Deposits & Insurance Policies: Mr. Anurag bought an insurance policy few years back but did not tell about the policy to any of his family member. Unfortunately, recently he passed away in a car accident leaving behind his family in a shock. As his family members
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Significance of Mutual Funds returns – CAGR, XIRR, Rolling Return Returns have always been the basic benchmarks while going for any investments. These indicate how much the fund has lost or gained during particular investment tenure. You may come across returns expressed in a variety of nomenclatures. Sometimes, these may be quoted as absolute returns,
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