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E-filing mandatory for taxable income more than <span class='WebRupee'>Rs.</span>5 lakh
Thu, Nov 13 2014. 06 55 PM

E-filing mandatory for taxable income more than Rs.5 lakh

The form depends on the nature of income earned
Tax on gains from sale of shares depends on holding period
Wed, Nov 12 2014. 07 06 PM

Tax on gains from sale of shares depends on holding period

If STT is to be paid during sale, STCG will be taxed at 15.45% (inclusive of education cess)
No-claim bonus from company’s name can be transferred to you
Tue, Nov 11 2014. 06 57 PM

No-claim bonus from company’s name can be transferred to you

You need to submit a letter from your employer; after which the insurer will the NCB benefit to you
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
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