The bank verifies the authenticity of the sale agreement as well as the title deeds. A sale agreement is a contract between the builder and the purchaser.
The rally in corporate bonds has not been as much as it takes time for movement in government bonds to percolate to other segments of the market. If you buy now, you will be availing of relatively att
At 40, your responsibilities are much more than they were in your 20s and 30s. You need some prudent investments that can help you balance your life goals and your responsibilities.
Any kind of scholarship granted to a person to meet the cost of education is exempted from tax under Section 10(16) of Income Tax Act. If your daughter gets scholarship for the purpose of meeting cost
Investing in government securities is one of the safer investment options available to individual investors because these are risk-free instruments and provide portfolio diversification and are availa
The investment period in Section 54EC bonds for saving capital gains tax is within a period of six months from the date of transfer of land or building or both.
Do you know what will be the value of today's Rs 1 crore 30 years later? It will be Rs 23 lakh if you consider inflation at 5%. So, in three decades a neat sum of today can become less than one-fourth
If you are in a phase of rebuilding your wealth, rebalance your portfolio or diversify it by reallocating risky investments to low-risk or moderate options.
Lower credit utilisation ratio indicates responsible behaviour with credit, and that you don’t depend on it heavily. This, in turn, has a positive impact on your credit score.
The government has made the whole 60% of the NPS accumulated corpus tax free, bringing it at par with PPF and EPF, besides raising its contribution to 14% of basic pay and DA for government employees
The Central Board of Direct Taxes notification dated October 27, 2018 has introduced the online filing of application for lower deduction of tax (i.e. Form 13) and let’s hope obtaining the certifica
While banks have the same eligibility criteria, it can differ in case of NBFCs. They have different criteria for salaried and professionals and it depends on the income of the borrower and other outst
There is no bar in keeping the cash in the bank lockers but it may attract investigation by the income tax department. Tax officials may require explanation to understand the source of every receipt o
The insurance regulator has proposed to relax norms for registration of insurance marketing firms to improve penetration and sell other financial products, too.
This market is going to reward efficiency so focus more on companies with above industry average OPMs. State-owned banks should be avoided as the extent of bad loans and recapitalisation are still not
