How to retire in the next 15 years? Mr. Banerji was bit upset when he met me for the financial planning. Here is the issue which prompted Mr. Banerji to a financial planner now. He works in a private firm and is getting a CTC of 12 Lakhs .He is aged 45 and is not [...]
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Cheques – Handy tool to pay All of us write cheques and issue the same to our creditors, suppliers or to those whom we owe some money. We use cheque to investment in shares, mutual funds, Life insurance etc. Cheque comes as a handy tool to pay the money in all these situations. We are [...]
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Beware of your Uncle! I was travelling with my cousin during my last trip to Kerala. We were just crossing the house of our uncle, who is very close to both of us. I thought of halting there for a while and say hallo to uncle, whom I have not met for some time. My [...]
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My friend Rahul had a heart attack last month and was hospitalized for 5 days in a good hospital in Mumbai. He is a businessman and was in good health. He underwent an Angioplasty and is doing fine now. He is having a medical insurance policy of 3 lakhs and the hospital bill was 2, [...]
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The budget did not live upto the expectations of many because rising inflation had created an expectation among people that this time they will get some major relief from taxation and were expecting exemptions upto 3 lakhs income and big raise in 80C limit as recommended by the parliamentary committee on DTC .But the Finance [...]
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Tax Implications on sale of House property My friend Deepak sold his flat last month with a bumber profit of 20 lakhs. He purchased this flat for 30 lakhs in December 2009 and now sold at 50 Lakhs in Dec.2011. Cool profit of 20 Lakhs in just 24 months! He had the biggest shock in [...]
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When we are sick, we will go to the doctor first and then go to the medical store to buy the medicine. Will you go to the medical store first and buy medicine? Not at all. This is what is happening in financial services sector now. We are buying insurance policies and invest in mutual [...]
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The Central Board of Direct Taxes (CBDT) has exempted salaried employees with an income up to 5 lakhs from filing income tax returns this year. They have announced this last year also with lot of conditions. The conditions are such that almost nobody can avail the exemption. Let us see who will be exempted from [...]
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Yes, Term Insurance premiums are decreasing! When all of us are complaining about price rises and high interest rates, there is one thing, which is really coming down for the last 2 years! Term insurance premium rates are coming down drastically in the country. If you are aged 30, you can insure your life upto [...]
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How a government bank can do like this? This was the comment by Gokul, when I discussed about his home loan. He is a home loan customer of a PSU bank which offered 8.25% fixed interest for the first 3 years. The loan was 25 lakhs for 20 years with an EMI of Rs.21, 302/-. [...]
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