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Personal Finance

July 29, 2011
Here's why you should file tax returns
It helps in applying for a loan, travelling abroad.
July 28, 2011
Some golden investment tips
In an hour-long chat on rediff.com, financial planning expert Sailesh Multani offered some valuable tips.
July 27, 2011
Rate hike: Be ready for COSTLIER loans
Only those who opted for hybrid loans in the past couple of years will remain unaffected.
July 25, 2011
Want to escape creditors? Declare bankruptcy!
Filing can be done in a local civil court and Cibil records data for at least 10 years.
July 21, 2011
Want to be rich? Here's help!
In an hour-long chat on rediff.com, financial planning expert Sailesh Multani offered some valuable investment tips.
July 20, 2011
Invest in companies with low debt
Three veteran investors, who, have braved the bad times, give their advice to retail investors.
July 13, 2011
How to file TAX returns: A do-it-yourself guide
Believe it or not, it's really not all that tough. All you need to do is to get a bit proactive and collect some important documents, something you would need to do anyway, even if you use the services of a professional.
July 12, 2011
When your employer defaults on TDS payment
In case the company defaulted on depositing the TDS collected, it shall be liable to pay interest at the prescribed rate on the tax amount.
July 11, 2011
Immovable property deals without PAN on I-T radar
Empowered CIB to play lead role in recovering tax evaded.
July 08, 2011
What is Electronic Clearing Service?
ECS is an electronic mode of funds transfer from one bank account to another. Trading is injurious to investors' wealth
Retail investors are particularly wary right now as stocks are generally beaten down; it's time to use common sense and wait out the bad times. This is how your money earns the promised returns
It can be generalised the money would be used to build an asset portfolio that would generate returns, which, in turn, will pass on to the investor, based on the terms of contract with the investor.
July 05, 2011
I-T dept goes after big fish, salaried to escape
The salaried will not face regular income tax scrutiny this year.
July 04, 2011
Riders get rewarding for life insurers
Since last September, when the Irda capped distribution costs of Ulips, the number of policies with riders being sold had risen from 5% of the total to 20%. No tax blow for final leave encashment
Court rulings interpret 'retirement' and 'resignation' as similar events, thereby allowing tax exemption.
July 01, 2011
Does your spouse know?
Married couples must take an additional vow of taking all monetary decisions together for a happy life. How to choose the right health insurance cover
Without adequate cover, you may have to dip into savings or borrow, in case of emergencies.
June 30, 2011
What is a Post Office Monthly Income Scheme?
The account can be opened singly or jointly, with a minimum investment of Rs 1,500.
June 29, 2011
Close to retirement? Getting a loan won't be easy
Banks need to be convinced about regular income for such loans.
June 24, 2011
Before a mortgage, take some advice
Liability managers help structure loans to reduce interest burden and improve cash management.
June 17, 2011
Haven't got your tax refund?
Income tax refunds have always been a talking point on account of never reaching the assesses on time. And, they are either given a variety of reasons for the same or none at all. Why financial planning is important for women
Women need to handle their finances differently from men. This is largely due to factors like differences in earning patterns and priorities, which are very specific to women.
June 14, 2011
Know more about loan against fixed deposits
Certain banks, such as Punjab National Bank, allow loans from the very next day of making the deposit. Some like HDFC may even offer one after six months. You need to check with your bank on the same.
June 10, 2011
3 simple rules for managing your budget!
When we do not write our daily expenses, we will tend to miss out on many small bits, the Re 2 parking ticket, the 5 rupee beeda, the ten rupee toll fees, the 3.50 afternoon news paper and so on and so forth.
June 09, 2011
How BEST to manage your portfolio
Investing in the stock market is an art that you need to learn.
June 03, 2011
Before you go for a second loan. . .
Bankers are often not comfortable when customers already have a sizeable amount of debt on their balance sheets and are looking for more Under heavy debt? Don't despair, try this!
Ramkumar is under extremely heavy debt. Can he survive it? Credit score: Why it matters, how to get it
You will now be able to access your credit score. All about what the score is and how it matters to you as a borrower.
May 31, 2011
Why financial planning is relevant
Majority of Indians do not feel a serious need for financial planning.
May 30, 2011
Don't ignore your debt portfolio
As a debt fund investor, it is important to know that bond prices move inversely to interest rates.
May 27, 2011
Failed ATM transaction: Bank must repay in 7 days
The Reserve Bank of India on Friday directed banks to reimburse customers for amounts wrongfully debited from their accounts in failed ATM transactions within seven days of an account holder's complaint or else pay a Rs 100 per day compensation. Investments that will make you rich
During an online chat on rediff.com, Financial planning expert Sailesh Multani offered some valuable tips. A must-read guide for home buyers
You should also get the maximum tax benefit from your home loan. See if you can make your spouse a co-applicant and avail the tax benefits. You will simply double the tax benefits if there are two co-applicants.
May 24, 2011
TUTORIAL: Technical terms in mutual fund factsheet
While equity funds can charge an expense ratio up to 2.5 per cent, debt funds can charge up to 2.25 per cent. How to profit from capital gains account scheme
It will shield you from paying capital gains tax on profits accrued from the sale of property while earning an interest on it.
May 19, 2011
Best investment options? Read this!
In an hour-long chat on rediff.com, financial planning expert Sailesh Multani offered some valuable investment tips. All you want to know about recurring deposit
You have to apply for a recurring deposit account and ask the bank to deduct the stipulated amount from your savings or current account every month. Buying a health cover? Read the fine print
Insurance advisors say it is imperative to compare the features on offer before buying a policy. A careful perusal of wordings will highlight the policy clauses unfavourable for you.
May 18, 2011
Financial dos and don'ts when shifting jobs
If you switch jobs midway through the year and do not declare the earlier deductions to your new employer, he will use the same calculation to compute your tax liability.
May 16, 2011
Here's how to plan for a secure future
While positive deviations are always welcome, it is important to be aware of the assumptions in the plan beforehand to prevent any dangerous outcomes.
May 11, 2011
Here's a financial checklist for home-bound NRIs
"The first step is getting your residential status changed in all documents, including Permanent Account Number (PAN) card for taxation, ration card, etc, which takes months and endless rounds to offices," says an exasperated Mehta, adding that getting oriented with the laws and regulations comes much later.
May 10, 2011
How to tackle rising interest rates?
"Any payment above EMIs is considered as payments towards the principal and would result in shorter tenure. This, in turn, will lower the total interest amount you pay on your home loan." Why buying a home has nothing to do with high EMIs
Hence, at the end of the day the reason why people are not buying real estate is because real estate, especially in the larger cities, is terribly expensive.
May 09, 2011
Financial tips for young adults
Many think managing money is about learning the concepts, terminology and processes. Developing the right attitude towards money is perhaps precious at a young age, when people begin to deal with money they can call their own. Which services should not be taxed? Your views
In order to broaden the tax net, the government has sought public opinion on possibility of a negative list for service tax meaning that all services which are not mentioned in it would be taxed under the proposed GST regime. How to invest wisely in midcap segment
In the last one year, the Sensex has fallen 2.17 per cent, while the BSE midcap index has risen 2.08 per cent. And, there is scope for value picking that can yield good returns.
May 05, 2011
Why silver prices are rising and will keep rising
While there are a number of fundamental reasons behind the rally, the immediate reasons behind the price of silver going up are pretty different.
May 03, 2011
Why RBI should have freed the savings rate
Such a move would have allowed different banks to pay different rates of interest on their savings accounts, like is the case with fixed deposits currently. Should you invest in Ulips?
These products do not suit everyone even though they are flexible and facilitate investments in debt and equities.
May 02, 2011
How freeing the savings bank rate will help
The case for deregulation of the savings bank deposit rate by the Reserve Bank of India (RBI) is becoming stronger day by day. It is time India returned to a system favoured by most modern economies around the world. How to pay when travelling abroad
Carry a judicious mix of cash, travellers' cheques, debit/credit cards and prepaid cards.
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