Our blood of investment lies in Bank FDs and we are very much feel safe by investing in FDs. But there are some instances like you deposit today for around 10 Yrs or so and after that you forget it to claim or renew. So what will happen in this case?Let us take an example. Suppose Mr.X deposited … [Read more...] about Bank Fixed Deposit (FD)-What happens if you not renew or withdraw it?
Archives for July 2014
In this year's budget Finance Minister raised Sec.80C limit from existing Rs.1,00,000 to Rs.1,50,000. With this great news, plenty of people felt happy as they can save more tax outgo. But there are so many pitfalls which one need to take care before blindly investing another Rs.50,000. So whether … [Read more...] about Section 80C limit raised to Rs.1,50,000-Boon or Bane?
There was huge cry and discussion going on in all platforms of planners that Budget 2014 will impact Debt Fund investors or FMP investors. I tried to wait till I get clarity from all angel to write on the same. Now some clear picture is emerging, so thought to share with you all.Do you know how … [Read more...] about Budget 2014-Debt Mutual Funds Taxation
In today's budget there is no major changes when it comes to tax slabs for individuals. Also Finance Ministry retained the same surcharge and educational cess. I already pointed few changes in my earlier post about "Budget 2014-15-Highlights and effect on your Finance".In this post I restrict … [Read more...] about New Tax slabs for FY 2014-15 (AY 2015-16)
Today is a big day when it comes to hopes from Modi's first Budget. It is testing period for his Government. Expectations are high. But are they delivered? Let us take a look at each budget points which may impact your finance.1) Tax exemption limit for Individual revised from basic … [Read more...] about Budget 2014-15-Highlights and effect on your Finance
Market is at all time high and all funds are at green. In fact all funds are showing wonderful returns. So now if one want to choose a fund then how to choose a best mutual funds? Difficult right?When you look at any mutual fund analyzing sites, they show you the "Trailing Return". What it … [Read more...] about Mutual Fund Performance-Trailing Return or Rolling Returns?