To curb mis-selling of policies and rationalise commissions, radical changes have been proposed to help investors.
A mistake here can prove costly.
The raising of the entry age in NPS has opened up an attractive new investment avenue for senior citizens, says Arnav Pandya.
If the refund is wrongly adjusted against any past tax liability, immediately clarify it online
Ensure you don't get benefits that get reversed, while filing returns.
If a couple is registered as joint owners of a property, the tax authorities expect both of them to show their income or capital gains from the house in their tax returns, says Arvind Rao, a chartered account and certified financial planner
The grandfathering clause and set-off provisions can be used to reduce the tax payable on sale of bonus shares, says Arvind A Rao.
Investors should quiz them to understand the product, which options to invest in, and how to get the final payout
Banks have started charging customers for payment of credit card bills through cheque and so paying online makes more sense.
While an occasional big expense is fine, it is important to maintain a lifestyle that leaves enough surplus to invest and save.
Investors should avoid jumping from their current funds into those that have outperformed lately, advises Arnav Pandya, a certified financial planner.
Women have been leaving the investment decision to husbands.
'Trading is about psychology; 75% of it is about keeping your emotions in check.'
While there's tax arbitrage advantage in ULIPs now, experts say investors should prefer mutual funds for long-term savings.
In the last few months, the 10-year G-Sec has been gyrating sharply and has crossed the 9-per cent-yield mark four times.
It is the duty of a tax payer to record all his/her transactions, to explain sources of payments made by him/her and to declare the true income in the returns of income filed every year.
As part our series on dealing with the pink slip, we spoke to financial planner Sridhar Vetapalem on how to get your finances in order.
These homes offer services that help lead a smooth retired life.
Financial planning need not be boring or solely be a man's job. It can be made fun and be used as another way to increase a couple's closeness and happiness! Try it!
High savings, aggressive asset allocation and a frugal lifestyle can help you hang up your boots a decade early.
