I was happily enjoying my Saturday morning while I came across an article that was posted by Melvin Joseph on Facebook. The topic that Melvin covered was about NRI PPF account and the topic surprised me a bit since it spoke on the latest notification by the Government. The news listed the notification published by…
GST has been rolled out in India with effect from 01st July, 2017 Why is GST Important? Prior to GST, there was Excise Duty or VAT being levied on products and Service tax on services. There were significant number of litigations on what to be considered as merchandise and what to be considered as service…
Financial frauds are well known from time immemorial. It is common for those who get loans to default on their loans, and much more common for banks to register losses over the period. What was once a safe and secure industry is now in turmoil because of non-performing assets and what not.It was for this…
There is a lot of confusion on GST rate on real estate, be it GST rate on under construction property or completed property. Let us see what were the taxes before GST and what are the current GST rate on real estate. GST Latest News As per the latest news, GST council has announced reduction…
How to go about your financial planning – Fee only Financial Planner or Fee based Financial Planner! A long time ago when I first started investing, I did not understand the difference between a Fee only Financial Planner and a Fee based Financial Planner. The catch here is that it was easy to get confused…
Which is the best “Health Insurance for Senior Citizens” in India? What is the best Health Insurance Policy for your Parents? Can I take it without Medical Test?Can I take a mediclaim policy for parents aged above 50/60/70/75/80 years. First of all, let us understand it with an example My friend Deepak is in financial trouble…
Do you know, you can get a heart insurance policy in India? Can you get a health insurance policy after heart attack? Is it possible to get a health insurance after angioplasty? Heart Insurance Policy – A Short Story While preparing a sales report, Arun suddenly felt a small sensation in his chest. It felt…
If you go through the break-up of your CTC statement, you will find a term HRA, which stands for House Rent Allowance. It is paid to compensate the employee for the rent he is paying in the absence of a company quarter.So is “House Rent Allowance (HRA)” a taxable income for you? The answer is…