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Create a portfolio that has large-, multi- and mid-cap funds
Mon, Nov 10 2014. 06 55 PM

Create a portfolio that has large-, multi- and mid-cap funds

Make sure that you have an emergency fund in place before you start investing in equity
Liquid and ultra-short term funds are ideal for short period
Sun, Nov 09 2014. 11 30 PM

Liquid and ultra-short term funds are ideal for short period

For a short duration such as six months to a year, you cannot take much risk with your investments
Gifts made to some relatives of up to <span class='WebRupee'>Rs.</span>50,000 not taxed
Thu, Nov 06 2014. 05 34 PM

Gifts made to some relatives of up to Rs.50,000 not taxed

Gains from share transfer acquired by the relative with the money will get clubbed with your income
Reinvest LTCG from house sale in a new house to save taxes
Wed, Nov 05 2014. 06 18 PM

Reinvest LTCG from house sale in a new house to save taxes

Reinvestment should be in one new residence located in India within the specified time frames
Surrender value depends on the type of insurance bought
Tue, Nov 04 2014. 06 44 PM

Surrender value depends on the type of insurance bought

A normal term plan has zero surrender value. Traditional plans generally levy a charge
File legacy suit within 12 years of a Will’s execution
Mon, Nov 03 2014. 07 01 PM

File legacy suit within 12 years of a Will’s execution

The period is calculated from the day the Will is executed
Absolute value of NAV should not matter for an MF investor
Sun, Nov 02 2014. 11 29 PM

Absolute value of NAV should not matter for an MF investor

It is the relative NAV that matters: how the NAV has moved since the date of investment
Resident can claim credit for tax paid on foreign salary
Thu, Oct 30 2014. 06 35 PM

Resident can claim credit for tax paid on foreign salary

You will be required to convert the salary income received in foreign currency into Indian rupees
Tax on sale of property depends on how long you have held it
Wed, Oct 29 2014. 06 08 PM

Tax on sale of property depends on how long you have held it

If it is held for more than 36 months from date of acquisition, it is classified as a long-term asset
Insurer can’t increase premium due to past claims
Tue, Oct 28 2014. 07 33 PM

Insurer can’t increase premium due to past claims

Most insurers will not accept portability requests as all claims would be payable from the first day
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