Before we start understanding what NRO and NRE account is, let us first try to understand the meaning of an NRI. Who is an NRI? According to the Income Tax Act of India, an NRI is an Indian Citizen who stays abroad for an extended period of time, without an intention to come back to…
Before starting the article about best investment options in India in 2019, let us understand that the asset classes mentioned in the article may not be not suitable for all. The selection of various investments in various proportions, to create a portfolio to suit your requirements, is the most important step in financial planning. Similarly,…
My friend Sanjay opted for a life insurance policy as his advisor had promised returns in the range of 14%-16%. He was very excited about the returns that was promised to him and was looking forward to it. Sanjay received a big shock when he received the policy bond since his advisor had duped him…
It is a well-known fact that term insurance is essential for everyone. It gives our family a certain level of financial stability, if we are not around, that is hard to get otherwise through the other instruments in our early stage of life. But what should be the tenure of term insurance? To make it…
Ajay is planning to sell his old flat in Punjab and wants to buy a new one in Mumbai. He purchased this flat in March 2014. Ajay is confused regarding the Capital Gains Tax on sale of property, because his friend was telling him that the entire profit on sale will be taxable as per…
My friend, Mukesh, is planning to shift to US next month. His first question – Can NRIs invest in India? Second question-Can US and Canada based NRIs invest in India? 3rd Question- What if I shift to some other countries like Australia or Middle East Countries. I asked him to calm down first and started…
Whether it is LIC Jeevan Anand or LIC New Jeevan Anand, the Anand(happiness) is only for the agent, not for you. If you do not want to read the complete article regarding LIC Jeevan Anand review, returns and policy details with example, the advice for you is -Do Not Buy This Policy!! Still interested in…
A house to stay in is a dream for all of us. But,the high cost of land and the high rate of interest on home loan are creating problems to the dreams of many. Now that the interest rates are on the decline and real estate prices are almost stagnant, many home buyers are planning…