Cover for damages caused to the structure and contents of the house due to an earthquake is extended after paying an additional premium over and above the standard cover.
From credibility of promoters to foreign collaborators to project and product details, check each of these in the Red Herring prospectus before betting your money on an initial public offer.
Though a higher CTC is an important aspect of salary negotiation, it is equally important to structure it well to maximise take-home pay and minimise tax outgo.
The spectre of higher rates as implied by Federal Reserve’s (Fed) hawkish posture accompanied by a seeming attempt to unwind Fed’s bloated balance sheet led to a renewed strength in the dollar and declining gold prices.
Lack of awareness about credit reports has led to the rise of several misconceptions regarding credit scores. Here are six common myths and how you can maintain a good credit score.
Most investors tend to focus on keeping their savings in a particular investment or asset class.
Under Section 54, taxpayer has to either purchase or construct one residential house for the purpose of his own residence, within the prescribed period.
Sebi’s objective is to ensure that investors are given well-defined choices. It has therefore called for rationalisation of schemes, with five well-defined categories of funds and merger of similar schemes.
In order to provide an independent opinion and credibility to an insurance company’s actuarial practice standards and financial standards, the insurance regulator has put draft guidelines for independent assessment of statutory actuarial valuations.
As per the Income Tax Law the rental income would be taxable in the hands of owner of the house property.
Every investor must acquaint himself with the idea of stepping up, especially when they are young. Your contributions towards your investments (be it SIPs or any other form) should be systematically increased every year.
Equity investors have started understanding volatility and are accepting it as an opportunity to create wealth and not only stayed invested, but have also started buying at dips. Swarup Mohanty, CEO of Mirae Asset Global Investments (India), in an interview says this will augur well for them in their wealth creation journey and meeting future goals.
It is advisable that an investor starts his retirement planning on the first day of the job. It will add value to your planning.
The Finance Act, 2016, made a couple of small but significant additions to the Income Tax Act with respect to balance transfers from recognised provident funds, and other tax-approved superannuation plans, being exempt when their transfer is to a member’s National Pension System (NPS) account.
The government has been taking a number of steps for promoting and implementing the concept of e-governance with an intention to increase efficiency.
The asset allocation or the mix of various assets including equity, debt, gold, etc. held in a portfolio is considered one of the key determinants of its performance.
Given the strong performance of the equity markets over the last couple of years and the resulting rise in valuations, prospective returns seem to be slighter lower than previous years. In such a scenario, it might be advisable to invest through Systematic Investment Plans (SIPs) vis-à-vis lumpsum.
Withholding tax is a responsibility cast upon the payer and failure to withhold appropriate taxes shall result in liability to pay such taxes along with interest and penalty.
In order to boost real estate sales, the government has extended the period to avail the credit-linked subsidy scheme (CLSS) under the PMAY (Pradhan Mantri Awas Yojana) on home loans for middle-income from December 31, 2017 to March 31, 2019.
An ideal investment introduction should be through a liquid fund to park temporary funds along with the emergency funds. A look into the hybrid funds, which has asset allocation in both debt and equity could be the next step.
The CBDT has instructed the banks through a notification dated September 13, 2017 regarding deduction of tax at source (TDS) on interest on deposits made under the Capital Gains Accounts Scheme, 1988 where the depositor has deceased.
Proper benchmarking allows investors to contemplate what returns are possible, and what risks may be necessary to achieve them.
The flagship project of the government to provide a unique identity number —Aadhaar—to every individual and linking it with various schemes is a topic of much discussion.
Under base health insurance policies, the claims are paid upto the sum insured limit opted whereas under super top-up plans, the claims are paid only if the claim amount exceeds beyond the deductible option opted for.
There is a case for some further policy rate easing in the Oct 4 RBI Policy review, driven by real positive interest rates, inflation being within target and GDP growth being sub-optimal. As and when the interest rate cycle turns, which is some time from now, existing investors may take a switch call
Making up your mind about how, when, and where to invest is quite tricky.
After tasting success in the domestic market, the start-up is now in talks with international partners for global expansion