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More From ask mint money
Tue, Jun 04 2013. 07 31 PM IST
For group health insurance you need to cover 10 lives
The larger the group, lower is the price per person.
Tue, Jun 04 2013. 12 02 PM IST
Consent of heirs needed if bequest exceeds a third of estate
If it’s in writing, it needn’t be signed and if it’s in writing and signed, it needn’t be attested.
Fri, May 31 2013. 06 39 PM IST
If a mid-cap fund has a good record, it can be your first fund
However, you should understand first that these schemes are likely to be very volatile.
Thu, May 30 2013. 06 44 PM IST
NRIs can’t open new PPF, but can service existing one
The amount deposited in your PPF account by a relative on your behalf will be considered as a gift.
Wed, May 29 2013. 07 38 PM IST
Period of holding a property decides the tax rate on sale
Property held for less than 36 months from acquisition date, gains will be taxed as STCG.
Tue, May 28 2013. 07 03 PM IST
Not many insurers offer term cover to those over 60
The insurers that do offer it, majority will terminate the policy when you turn 70
Mon, May 27 2013. 07 43 PM IST
When you start saving, opt for the growth option of MFs
Only when your income grows, you evaluate between growth and dividend options.
Fri, May 24 2013. 07 34 PM IST
Online MF investments may involve distributors as well
There are independent platforms that facilitate online transactions in MFs as distributors.
Thu, May 23 2013. 07 37 PM IST
NRIs can’t partner firm engaged in agriculture, realty
You may invest by way of contribution to the capital in India on non-repatriation basis.
Wed, May 22 2013. 07 21 PM IST
Loan received under reverse mortgage is exempt from tax
Transfer of property under reverse mortgage scheme by senior citizen won’t attract capital gains tax.
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