How many of today's young generation or we may say generation of less than 35 years old will think or plan for retirement? I think the population is very less. But do you know the effect of such postponing? By postponing your retirement you are actually creating financial trouble for … [Read more...]
Archives for June 2014
What is Bank Depositor Education and Awareness Fund Scheme?
There are numerous instances in India, like someone did FD in banks without sharing details with his family. Suddenly if that particular person dies, the obvious result is no one will come to know about such FD and will be with Bank forever. But what if one fine day his family members come to know … [Read more...]
How to improve CIBIL Credit score?
Do your credit card, personal loan, home loan applications rejected recently? One reason for such rejection might be your low CIBIL Score. This makes your life mess as you can't do anything immediately to improve it. But there is always solution for a problem. So even though it takes time but you … [Read more...]
Tax Free Bonds 2013-14-Latest Price in Secondary Market
There was a huge cry from retail investors as well as from advisers to invest in tax free bonds. But only few have an idea that one can sell them in secondary market before maturity. How much you get depends on interest rate risk. So let me sum up the recently concluded FY 2013-14 tax free bonds … [Read more...]
Stock Market at it’s peak-Effect on your life
Currently equity market is at all time high. So we retail traders will watch at market with open eyes. But this post is not about any serious discussion like what is next or how you can react to this. Instead typical situations surrounding your life post the market highs. This was shared by a friend … [Read more...]
Gold Saving Schemes-Who will benefit?
Recently a Kannada news channel aired a debate related to Gold Schemes run by local Bangalore Gold Jewelers and how much are they regulated or what risk involved in them. I watched that debate fully for 2-3 days. Shocked to find that no one actually know the rules and regulations involved. Let me … [Read more...]
Income Tax Return Filing AY 2014-15-Which forms to use?
It is once again time for filing IT return. If you have only one source of income then there will be no problem. But in case if your income is from different source then you will get confused in using forms for the same. So let us simplify this in today's post.Note-We deactivated commenting … [Read more...]
Two Mutual Funds-Tax Efficient (Sec. 80C) and Pension Plans in India !!!
Lot of investors not aware about the fact that there are two mutual fund schemes from different companies which offers you the tax benefit of Sec. 80 C as well as treated as pension plans in India. So let us explore few details on these two.These are the only two schemes notified by Govt as … [Read more...]