One of my friends, who had already decided to invest his retirement savings in such a way so that he does not have to pay any tax after his retirement and so wanted to invest in tax free bonds, had called me to know about the tax-free bonds available. I discussed the matter threadbare with […]
Traditionally Deepawali is the major occasion when gifts are given and gifts are received. The items given as gifts vary from just boxes of dry fruit and sweet to valuable like gold and silver coins etc. Majority of the recipients of such gifts are under the impression that such gifts have no income tax implications, […]
Many salaried as well as retired individuals are under the impression that as tax has been deducted from their income; they do not have to file their ITR. Filing of an ITR is a distinct and different responsibility from payment of taxes on your income and both have to be discharged separately. So in order […]
One of my journalist friends, who retired after completing 60 years, called me to seek my opinion about safe investment avenues with relatively better returns available for senior citizens. And this is how the idea germinated about this article. Let us discuss the safe investment avenues with better returns which are available to senior citizens. […]
My nephew who wanted to take a home loan and whom I had advised to obtain his CIBIL report, called me to express his shock when he found 0 credit score in his CIBIL report. He was worried that with 0 score, which he perceived to be negative rating, he would not be able to […]
Many of home-loan borrowers are under a dilemma after they are able to accumulate some cash, whether to prepay home loan or to deploy the surplus funds in some other investment products. The answer for such question cannot be a ready-made and has to be tailor made for each one depending on factors like mind-frame […]
During a casual conversation with my friend confession to me that he was not aware about the rate of interest charged on his home loan. I then realized that many persons who take home loan, generally, do not bother to check what rate of interest their lender is charging them. Nowadays, most of home loans […]
When it comes to investing, as a responsible citizen, one should evaluate our target companies not only based on financial parameters but also on the basis of certain non- financial parameters. For the non-financial parameters, ESG (Environment Empathy, Social Responsibility and corporate governance) can be considered as a good starting point. Here companies are evaluated […]
Looking at the difficulties faced by Individuals borrowers in servicing their EMIs due to reduced earning capacity of salaried as well as self employed, the RBI vide its circular dated 6th August 2020 has advised all the lenders to prepare a resolution policy for the borrowers impacted by the Covid 19 pandemic. Let us discuss […]
Before we discuss the taxation rules for Tier II account under NPS let me briefly touch upon the types of accounts under NPS. One can have two type of account under NPS. First is the Tier I account which is the main account and is also called pension account. The second is called Tier II […]