BSE Market Info

Wealth tax not levied on RNOR’s property abroad

Wealth tax not levied on RNOR’s property abroad

Once you become ordinarily resident, you’ll be liable to wealth tax on the property situated abroad
Return filed after due date can’t be revised subsequently

Return filed after due date can’t be revised subsequently

Penalty is not levied if the tax return is filed within one year from the end of the relevant FY
Systematic investing gives benefit of rupee-cost averaging

Systematic investing gives benefit of rupee-cost averaging

MFs are a recommended route as they offer benefits of professional management and diversification
Duration of travel insurance policy can be extended

Duration of travel insurance policy can be extended

But if you incur a claim during the original policy period, the insurer might refuse to extend it
Approach gilt funds with same caution as for sector equity fund

Approach gilt funds with same caution as for sector equity fund

Gilt funds are debt mutual funds that invest exclusively in debt securities issued by the central and state governments in India
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Gift up to <span class='WebRupee'>Rs.</span>50,000 by parents tax exempt for NRIs
Thu, Jan 15 2015. 07 48 PM

Gift up to Rs.50,000 by parents tax exempt for NRIs

The amount credited by parents by way of a gift into your NRO account shall not be taxable
Agricultural income taxable under certain conditions
Wed, Jan 14 2015. 07 01 PM

Agricultural income taxable under certain conditions

If agricultural income is not covered under section 2(1A), a separate evaluation would be needed
Life insurance can be cancelled within 15 days of receipt
Tue, Jan 13 2015. 07 30 PM

Life insurance can be cancelled within 15 days of receipt

At that time you will still get a refund of the premium
Property transfer may be invalid if gift deed not registered
Mon, Jan 12 2015. 05 52 PM

Property transfer may be invalid if gift deed not registered

It may be noted that a will is revocable and a gift deed is irrevocable
Sector and thematic funds not ideal for retirement portfolio
Sun, Jan 11 2015. 07 47 PM

Sector and thematic funds not ideal for retirement portfolio

An ideal portfolio for you would be a small-sized one with funds that do not require close watch
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