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Transfer-related reimbursement not taxable for employees
Thu, May 14 2015. 02 26 AM

Transfer-related reimbursement not taxable for employees

Expenses incurred towards cost of travel, packing or transportation on transfer is not taxable
Some term plans provide life cover up to 75 years of age
Tue, May 12 2015. 08 25 PM

Some term plans provide life cover up to 75 years of age

Term plan benefits are same irrespective of age group
To create long-term corpus, equity is the ideal asset class
Mon, May 11 2015. 08 14 PM

To create long-term corpus, equity is the ideal asset class

Consider mutual funds as the investment vehicle to ride over the period
Monthly income plans invest in equity and carry that risk
Sun, May 10 2015. 09 10 PM

Monthly income plans invest in equity and carry that risk

These are debt-oriented hybrid funds that invest 15-25% in stocks, and the rest in the debt market
Deductions are available to offset tax on rent income
Thu, May 07 2015. 07 11 PM

Deductions are available to offset tax on rent income

These include standard deduction of 30% of the taxable value
PF account gets interest upto 36 months with no contribution
Wed, May 06 2015. 06 57 PM

PF account gets interest upto 36 months with no contribution

Thereafter, the account will be termed as dormant and no interest will be paid.
Travel insurance can be extended while on a trip
Tue, May 05 2015. 07 26 PM

Travel insurance can be extended while on a trip

Ideally, while buying the policy, plan a buffer for possible extensions
Class I heirs get Hindu male’s property if he died intestate
Tue, May 05 2015. 01 36 AM

Class I heirs get Hindu male’s property if he died intestate

If there are no class I heirs, then the estate in question devolve on the class II heirs
Do not rely on equity funds for regular payment of dividends
Sun, May 03 2015. 09 17 PM

Do not rely on equity funds for regular payment of dividends

There are two main ways in which an investor can make regular monthly income using mutual funds
Income from invested remittance in India is taxable
Thu, Apr 30 2015. 08 13 PM

Income from invested remittance in India is taxable

Any income generated on investment of the remitted money in India would be subject to tax
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