BasuNivesh Forum Launched-Ask us your Personal Finance doubts

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• Dear Sir,
  Please suggest me a plan where I can get monthly income / every month. I am 44 yrs old and on forced retirement, would be getting lump some amount of 55 to 65 lakhs. Are immediate pension annuity plan safe from Hdfc & Lic.
  Thanks and regards

  • Dear Ray,
    Hard to say without understanding your whole financial life.

• Hi Basu,
  Till today i thought
  Deposit insurance and credit guarantee scheme (DICGS) is applicable only to banks which was insured upto 1 lakh where as money invested in post office is safe and backed up government of india .But recently i read in news article (very reliable and top 1 newspaper related website EENADU in andhra) that money invested in post office are also insured only upto 1 lakh by DICGS ? is it true? Is post office money safe.Suppose if any one retire and invest say 5 crores in post office is that money guaraneteed?

  • Dear Sandeep,
    Hard to say as there is no such declaration I found it. However, I am willing to go through RTI and find the real truth. In the meantime, if the published article gives us any notification references, then definitely I will come up with new post. Please share if you find any such information.

    • Dear Basu,

      Here is the link...
      http://eenadusiri.net/events/post-retirement-investment-options-naBMT2y

      Please refer 4th Paragraph posted last week only .since it is written in telugu words [similar to kannada] mostly try understanding, else pls discuss with person who understand telugu. Please be come with real truth or else pls confirm is it a mistake in news article.I will also check with that newspaper /website team who handles this.

      • Dear Sandeep,
        I can't read Telugu even though Kannada and Telugu are bit similar :) But definitely, I will look into this.

        • Dear Basu,
          Have you got any update on the above issue related to post office not comes under DICGS?

        • Dear Sandeep,
          No, there is no clarity and wrote an email to concerned. But there is no response.

• hi Basu,

  We hold shares in a bank where it has demat (in NSDL) and now submitted transfer request to transfer shares in beginning of this month to another brokerage (in CDSL) . they said it takes 10 working days to transfer and now same completed the same Till now the shares were NOT credited in our other brokerage account (CDSL)

  When ever we call the bank guy he says he submitted request to head office and but we dont have direct access to them..

  We are worried about our shares ? could you pls help us what needs to be done? Was our money safe? Has any scenario happened earlier ?

  • Dear Kiran,
    Raise an issue with CDSL at a higher level rather than listening to the stories of the executives.

    • Dear Basu,

      I will contact them.What if shares not reached CDSL. then should i reach NSDL?

      Was worried i shares was safe or not as bank official said no shares in source demat account in NSDL and already transfered, but in CDSL account shares not credited yet..If shares not there in both accounts what happened?

      One of friend said about to complaint SCORES in SEBI .

      Please advise

      • Dear Kiran,
        If CDSL also replies in negative, then approach SEBI SCORES.

• Hi Dear ...I am a regular reader of your website this new forum will help many. Truly appreciate your work from the core of my heart. Keep writing.
  Thanks again basu..........

  • Ritu-Thanks.

• I have some doubts in income tax. please clarify.
  if I spends half portion of my total turnover for diesel like expenses ,can I show the rest half as my turnover while income tax filing.

  if i do so what are the other parameters that i should arrange/take care to substantiate this.

  • Franklings-I am not sure about how much you can spend. Contact CA.

• HOW TO GET MY INCOME TAX JURISDICTION CHANGED FROM YAMUNANAGAR IN HARYANA TO JAIPUR,I HAVE RETIRED FROM MY PRIVATE SERVICE AND LIVING WITH MY SON THERE.
  I HAVE CORRECTED MY PRESENT ADDRESS IN MY PAN CARD ALSO AND IT SHOWS IN IT.
  WHAT IS THE PROCEDURE AND ITS FORMAT.

  • Indra-Sir, contact the concerned AO of your area and request for change.

• Dear Sir

  My name is raghvendra rai
  I am from VARANASI Uttar Pradesh
  I am a central government employee
  My monthly payment is 31000

  I have a four year old Daughter

  Sir

  My goal is

  30 lakh for own House after 10 years

  50 lakh for daughter s marriage after 20 year

  1.5 crore for my retirement after 30 years

  My present invests

  ICICI focused on chip 2000 P/m

  ICICI value Discovery 2000 P/m

  TATA balanced 5000 P/m

  Birla MNC FUND 2000 P/m

  SBI Magnum tax gain 2000 P/m

  What's your opinion sir

  For achieving my Goals

  • Raghavendra-Raise the question in our Forum.

• Dear Sir,
  I am an IT employee and have question on IT return filling. I have long term capital gain..but while filing the IT return in drop down I am not getting itr-2 only option I am getting is of itr 01 or 4. The have filled the tax for the year but would like to pay the tax for the capital gain can you pls suggest how I can do it online. Also can I pay the capital gain tax for previous year with this year. Will there be any penalty or fine
  Thanks

  • Advik-Ask the same question in our forum.

• I purchased ICICI Pru savings suraksha LP insurance, 7 years payment of Rs 2.5 lakhs. I need your help in knowing the total maturity amount after 12 years. Below is the maturity amount (37 lakhs) given by ICICI Pru agent, IS IT TRUE ? Or is there any difference or how much I will get??
  Please let me know.
  According to agent On maturity I will get 4 components
  * Guaranteed Maturity Benefit (GMB) i.e., Rs.1500000.
  * Guaranteed Addition (GAs) i.e., Rs.375000 (GAs totaling 5% of GMB each year will accrue during the first 5 policy year(
  * Vested Reversionary Bonus i.e., Rs.875000 (Accumulated VRB is 50% of total investment)
  * Terminal Bonus i.e., Rs. 750000 (TB is 50% of GMB)
  For this policy Vested Reversionary Bonus declared for this year (2015) 3.5 % of sum assured , for last year also it is same. Is this VRB is cumulative. i. e. total 7% as on today

  • Mahesh-It will be replied in the forum.

• Thanks for the great forum.
  Sir I am taking car laon. Proposal is accepted n I wl get the amount soon. Is there advantage of taking the check or amount or completing procedure on 30 or 31 or should I wait for 1st or 2nd of month. Wil bank charge interest for last month just for one day... Please suggest soon

  • Atul-Please ask the same question in forum. This helps others to understand as well.