Owner: RaagVamdatt.com - Financial Planning Demystified URL:http://www.raagvamdatt.com Join Date: Wed, 30 Jul 2008 22:41:46 -0500 Rating:0 Site Description: RaagVamdatt.com strives to educate the small investor, and the public in general, about the different areas of personal finance.
This covers investment (stocks, mutual funds, ULIPs, gold, real estate, etc), insurance (term insurance, endowment plans, U Site statistics:Click here
How to fill Income Tax Return Form 2 (ITR2) Instructions 2008-07-28 21:12:29 ITR2 is meant for people having income from salary, income from other sources, income from capital gains and income from house property.
Thus, there is a lot of information to be filled in ITR2. Lets see step by step instructions on filling this income tax return form ITR2.
Read more:Income
, Instructions
, Return
, Tax Return
How to save / avoid Long Term Capital Gain (LTCG) Tax on Sale of a House 2008-07-22 19:17:47 So, youve sold your house and have earned a hefty amount in profit. But you dont want to pay any income tax on this profit! Is there any legitimate way to do this? Yes, there are more than one ways!
This article explains how income tax can be totally avoided (of course, totally legally!) on long term capital gain (LTCG) earned from the sale of a house.
Read more:House
Long Term Capital Gains (LTCG) on Sale of a House Calculation and Income Tax 2008-07-19 22:48:33 Sale of a house often results in long term capital gains. But its calculation is not very simple the cost of acquisition has to be indexed using the cost inflation index numbers. The cost of improvement also has to be added before calculating the capital gain.
This article guides you through the entire process by giving step by step calculations for arriving at the long term capital gains on s Read more:Calculation
, Capital Gains
, House
, Income
, Income Tax
, Long Term
, Long Term Capital
The stock market is falling Time to invest? 2008-07-10 21:02:42 The equity markets have corrected big time. From more than 21000, the BSE Sensex has crashed to around 13000 levels. The prices of many blue chip shares have gone down by more than 25%. Should you invest
in stocks / mutual funds (MFs) now?
Read more:falling
Residential / Commercial Property for a Non Resident Indian (NRI) 2008-07-07 22:07:01 Many NRIs and Persons of Indian Origin (PIO) want to invest in India in both commercial and residential properties. NRIs and PIOs also plan to buy such properties as an investment, and rent them out to earn a steady income stream.
This article discusses various rules and restrictions related to such purchases. It also explains the issues regarding taxation (capital gains and income tax), repat Read more:Commercial
, Resident
An introduction to Hedge Funds 2008-07-04 19:30:00 We often hear the term hedge fund. Many business news papers and TV channels in India blame hedge funds whenever the stock market falls. So, what are hedge funds? How do they work? Do they operate in India? Lets explore.
Read more:Funds
, Hedge
, Hedge Funds
Banks increase interest rates for deposits and lending (loans) 2008-07-01 20:43:31 All the major banks in India ICICI Bank, HDFC Bank, SBI, BoB and PNB, to name a few have increased the interest rates offered to fixed deposit customers. The banks have also hiked the interest rates that they charge on various loans, like home loans, personal loans and auto / car loans.
Read more:deposits
Why does the financial / fiscal year start from 1st April? 2008-06-25 19:54:47 The financial year (FY) runs from April
to March. Companies present their yearly account for the period April March. The government presents its budget for April March. Even we file our income tax information for April March. Ever wondered why the financial year is from April to March, and not January to December?
Read more:fiscal
Provident Fund (PF) and Voluntary Provident Fund (VPF) 2008-06-19 22:05:09 Provident Fund (PF) and Voluntary
PF (VPF) are two investment avenues that most salaried people invariably encounter. This article explains what PF is, and also talks about Voluntary Contributions to the PF account. Heres how you can use PF and VPF to create a great base for a great retirement.
More on Systematic Investment Plan (SIP) and Micro SIP 2008-06-13 19:45:10 This article emphasizes the fact that SIPs give superior returns compared to lump-sum investment. It also talks about various investing options available for SIPs (like Micro SIP), along with their characteristics and possible limitations. It advises you about the strategy to be followed for SIP investment.
(The article has been inspired by a question from the reader rikinj)
Read more:Systematic
Stock Split or Bonus Reason enough to cheer? 2008-05-28 22:23:05 The moment a company announces a stock split or a bonus, the price of its shares shoots up. But what is a stock split, and what is a bonus? This article presents a comparison between these two, and explains their implications. It also explains the difference between a stock split and a bonus issue.
Read more:Bonus
, Reason
, Stock
No upfront payment while applying for an IPO or a Rights Issue 2008-05-19 19:03:03 IPO and rights issue refunds would be relegated to the past, thanks to the Securities and Exchange Board of India. SEBI has recently given an in-principal approval to an IPO modernization proposal that has far reaching positive consequences on investors.
Read more:Rights
When at-par is not so good: New Fund Offer (NFO) versus existing MF schemes 2008-08-11 05:48:56 Many people get attracted to a New Fund Offer
(NFO) because it is available at par, or at face value of Rs. 10. But does it actually mean that the units are cheap or inexpensive? Is there any advantage of buying MF units during an NFO compared to buying units of an existing scheme?
This article talks about New Fund Offers (NFOs), and why they should be avoided - in favour of old, established sche Read more:versus
Not Cash, Not Travellers Cheques: Use Travel Card 2008-08-07 08:28:05 When you travel abroad, how do you carry the money? Cash or travellers cheques, right? Now, there is a third alternative which offers the best of both: A travel card.
Read more:Travel
, Travellers
Once again, banks hike interest rates for deposits and lending (loans) 2008-08-04 08:29:58 Taking the cue from RBI, once again, the major financial institutions in India ICICI Bank, HDFC, Axis Bank, Yes Bank and PNB, to name a few have increased the interest rates charged on various loans, like home loans, personal loans and car / auto loans. The good news is most of them have also upped the interest rates offered to fixed deposit customers.
Read more:banks
, deposits
Missed the income tax return (ITR) filing deadline of 31st July? 2008-08-01 07:21:09 The deadline for filing income tax returns for an individual assessee is 31st July. In spite of your best intentions and efforts (or, out of plain laziness!), you couldnt file your income tax return on time. You missed the due date!
What happens if you do not file the income tax return by the deadline? What are your options? Read on.
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