Category Stock & Securities

Top 10 Hidden Charges That Eat Up Your Money.

Category: InvestmentsStock & SecuritiesTax Planning Comments: No comments

Hidden Charges

An individual is unaware of many hidden charges that eat into his hard earned money, leaving him with less to invest and less to earn. As it is a known fact that,“someone’s pain is someone’s gain” and it aptly fits the financial services jargon. An individual is sold such policies, houses or loans which gives maximum return or commission to the bankers, real estate agents, insurance agents, etc...

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Inflation Indexed Bond (Debut June 4, 2013)

Category: InvestmentsMutual FundsStock & SecuritiesTax Planning Comments: No comments

Inflation indexed bond

An Inflation Indexed Bond, is a bond which assures a return higher than the inflation rate if held to maturity. The interest rates or which actually called coupon rates and capital appreciation of these inflation indexed bond is linked to the rates of inflation, hence the investor can be assured of safe returns. In other words the risk factor is reduced to NIL and investor can be assured of the return promised.

The government will start issuing inflation indexed bond from June’ 2013, that would ...

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Rajiv Gandhi Equity Savings Scheme (Section 80CCG)

Category: Mutual FundsStock & SecuritiesTax Planning Comments: No comments

Finance Act 2012, has introduced a new Section 80CCG. This Scheme is named as Rajiv Gandhi Equity Savings Scheme and is fully aimed at investment in Equity and Mutual Funds of Public sector Companies. The article explains the scope, eligibility and the avenues where equity investment can be done and what benefits an individual will get from this scheme...

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Cost Inflation Index (For Capital Gains)

Category: Stock & SecuritiesTagsTax Planning Comments: No comments

In case of capital gains when long term capital gain is to be computed, then, indexation comes into picture to compute the indexed cost of asset as well as indexed cost of improvement. Indexation is not possible without a predefined index. Indexation is necessary to compute the present value of asset as on the date or year in which the asset is sold as compared to the year in which it is purchased. Cost Inflation Index (CII) chart begins from year 1981 with base index as 100...

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How salaried employee lose tax benefits

Category: InsuranceInvestmentsMutual FundsStock & SecuritiesTax Planning

How salaried employee lose tax benefits

Tax saving deductions are known to all but when and on what conditions they are withdrawn are known to few.To know about the conditions when tax benefits are withdrawn, read on. Life Insurance policy, long term capital gain, pension, housing loan principal and newly introduced Rajiv Gandhi Equity Savings Scheme are few of them which are available as deductions under various sections of The Income Tax Act, 1961 but the benefit is also withdrawn on non-fulfillment of certain conditions...

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Capital Gain Tax

Category: InvestmentsMutual FundsStock & SecuritiesTax Planning Comments: No comments

Capital Gain Tax

Capital gain is one of the heads of sources of income for an individual, but it is also the head about which an individual knows the least. Various exemptions, computation and carry forward and set off of losses of this capital gain tax head is not known in general, due to which many people are unable to get the maximum benefits available under this head. This article focuses on the way to compute long term and short term capital gain and derive the best possible use of provisions in this head.

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