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Include renovation expenses while computing capital gains
Wed, Oct 15 2014. 06 51 PM

Include renovation expenses while computing capital gains

Upon property’s sale, you can claim renovation expenses as cost of improvement
Deductible is the amount of loss borne by the insured
Tue, Oct 14 2014. 05 46 PM

Deductible is the amount of loss borne by the insured

The intent behind the deductible is to discourage small claims and cover cost of processing a claim
Invest mainly into fixed income for your short-term needs
Mon, Oct 13 2014. 07 56 PM

Invest mainly into fixed income for your short-term needs

If it is a long-term investment, then you need to take equity exposure
Sectoral MFs need more frequent reviews compared with others
Mon, Oct 13 2014. 12 15 AM

Sectoral MFs need more frequent reviews compared with others

Method of reviewing a set of MF holdings is quite simple and straightforward if done systematically
Rental income arising in India will be taxed
Thu, Oct 09 2014. 07 13 PM

Rental income arising in India will be taxed

Income from renting of immovable property is treated as income arising or accruing in India
PF withdrawal taxed if service is less than 5 continuous yrs
Wed, Oct 08 2014. 06 24 PM

PF withdrawal taxed if service is less than 5 continuous yrs

The total of employer’s contribution plus interest thereon will be taxed as salary
Life insurance cover bought in India is applicable worldwide
Tue, Oct 07 2014. 06 44 PM

Life insurance cover bought in India is applicable worldwide

In case of death, the Indian insurer will settle the claim irrespective of your location
Release deed and gift deed have the same legal implications
Mon, Oct 06 2014. 05 35 PM

Release deed and gift deed have the same legal implications

Gift deed will also have to be registered and registration charges will be payable
Home loan interest is tax exempt after construction is over
Wed, Oct 01 2014. 06 39 PM

Home loan interest is tax exempt after construction is over

There is no specific requirement to disclose the fact in the ITR form
Patients with heart conditions can get special mediclaim
Tue, Sep 30 2014. 07 46 PM

Patients with heart conditions can get special mediclaim

Policy will either have premium loading or cardiovascular disease as a permanent exclusion
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