DYK: You have to pay wealth tax on unproductive assets

DYK: You have to pay wealth tax on unproductive assets

Wealth tax is not levied on productive assets such as MFs, FDs and savings bank account
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De-jargoned: Purchasing Power Parity

De-jargoned: Purchasing Power Parity

PPP is calculated based on a basket of goods and services
De-jargoned: Financial excess

De-jargoned: Financial excess

Low interest rates is to support economic activity but it can also lead to financial excesses
DYK: The effect of higher MF exit loads

DYK: The effect of higher MF exit loads

Any change in exit load is effected prospectively
Charges other than interest cost associated with home loans

Charges other than interest cost associated with home loans

With regards to a home loan, along with the interest cost there are few other charges as well
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More From did you know

DYK: Lender may deduct EMI despite full repayment of loan
Mon, Oct 13 2014. 12 23 AM

DYK: Lender may deduct EMI despite full repayment of loan

Lag in communication between the bank and ECS centre can lead to an EMI debit despite full repayment
De-jargoned: Earnest money
Fri, Oct 10 2014. 06 50 PM

De-jargoned: Earnest money

It is also known as token money or bayana, which shows a buyer’s interest to buy the property
DYK: Market value and reinstatement value in home insurance
Thu, Oct 09 2014. 07 14 PM

DYK: Market value and reinstatement value in home insurance

Don’t confuse the market value of your house for its for resale value
De-jargoned: Deregulation
Thu, Oct 09 2014. 12 45 PM

De-jargoned: Deregulation

It means reduction or elimination of government control in a sector or various sectors
DYK: When does your bank account become inoperative?
Wed, Oct 08 2014. 06 25 PM

DYK: When does your bank account become inoperative?

Bank account is considered inoperative in the absence of customer-induced transaction for two years
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