Beyond Section 80 C, Section 80D, 80 DD, 80 DDB & 80 U are some other options to reduce tax liability. You can decrease your taxable income by investing in various tax saving instruments. Normally, we all maximize our tax savings with Section 80C, which is known to most of us. We all spend some…
LIC has recently launched a new plan called LIC Bima Jyoti (860). It is a non-linked, non-participating and limited premium payment plan. This article will take you into the details and review of the LIC Bima Jyoti Plan. But before that, let us first see what non-participating, non-linked and limited premium payment is all about….
Have you recently sold a property and are in a fix? Are you unsure whether to purchase Capital Gain Bonds from NHAI & REC to save tax? There are 3 choices here from which you can take your pick. Purchase another real estate from long term capital gain amount Purchase Capital Gain Bonds from NHAI…
Let me explain the difference between an advisor, fee-based financial planner and fee-only financial planner. I will explain it with an example of Chemist Vs Biased Doctor Vs Unbiased Doctor. Suppose you are experiencing a severe headache; you go to a chemist and ask for a medicine. The chemist questions you regarding basic symptoms and…
This is just a simple example for youngsters to understand how power of compounding works. It’ll explain how power of compounding can help you reach your goals if you start investing at an early stage of your life. First of all, let’s understand what compounding exactly means? What is Compounding? Compounding means – your money…
If you search “LIC Jeevan Labh review” on Google, a number of different results will pop up. You will find that every blogger has shown returns of 6%, 6.70% and even as high as 7%. But if you check the maturity value of LIC Jeevan Labh policy on LIC’s website, it shows entirely different picture. …