We (Indians) love the yellow metal (gold). India’s love affair with gold has been since ages. From times immemorial, gold has been seen as a safe investment, especially when there is an economic crisis. Gold has been preferred by governments also, as a collateral against any crisis. Gold prices .......Continue Reading.....
EPF Whatsapp Helpline Number for Grievance Redressal | Whatsapp Contact numbers of EPFO Regional Offices
EPFO (Employees Provident fund Organization) has recently launched 'EPF Whatsapp Helpline Number' for resolving grievances faced by its PF subscribers & Establishments (employers). EPFO has assigned different Whatsapp contact numbers for all of its Regional Offices. An EPF member can also .......Continue Reading.....
AY 2020-21 Income Tax Return Filing Tips | Which ITR Form should you file?
The Central Board of Direct Taxes has recently notified the new ITR Forms for AY 20-21 Income Tax Return Filing (for FY 2019-20). Normally, the last date to file ITR is 31st July. But, due to the outbreak of the novel coronavirus, the due date for AY 2020-21 income tax .......Continue Reading.....
My list of Top Fee-only Financial Planners in India (Part-4) | Based on my interactions & observations
Financial Planning is a very noble profession. I rate financial planning profession on par with other sacred professions like medicine and teaching. The main responsibilities of a financial planner are to improve his/her clients' financial health and also to wipe .......Continue Reading.....
Clubbing of Income of Spouse & Child : Definition, Scenarios, Examples & Exceptions
Normally, a person is taxed in respect of income earned by him/her only. However, in certain special cases income of other person is clubbed (i.e. included) in the taxable income of the taxpayer and in such a case he will be liable to pay tax in respect of his income (if any) as well as .......Continue Reading.....
Stock Margin Pledge Rules 2020 – SEBI’s new norms | What is Margin Trading & Stock Pledging?
SEBI has recently come up with tighter margin norms and new pledge system for the stock margin trading transactions. This has been the talk of the town among the stock market trading community. In this post, let's discuss - What is Margin Trading? What is the existing process of Margin trading or .......Continue Reading.....
What is Negative Real Interest Rate? | How Can Interest Rates Be Negative?
The RBI has been reducing its benchmark repo rate for the last few quarters. The repo rate was cut by 115 basis points between March and May 2020, to support the economy in light of the coronavirus induced slowdown. As a result, banks also have had to reduce their lending and deposit rates to .......Continue Reading.....
How to register LIC NEFT Mandate online? | New Provision
LIC had been issuing Cheques for settling insurance claims and also for making maturity/ other benefits payments until 2011. Since 2012, LIC has made it mandatory for the policy holder to submit 'NEFT Mandate form' to receive any type of payments from the insurer. Until recently, Customers or .......Continue Reading.....
About ReLakhs
ReLakhs.com is a blog on personal finances. The main aim is to present the information on financial products in a simple, unbiased and easy to understand manner . This blog covers wide array of personal finance topics like insurance,home loans,banking services,mutual funds,tax planning,stock .......Continue Reading.....