Unclaimed investments to the tune of around Rs 33,000 Crores are lying with financial institutions like Banks, Life insurance companies, Post office, Provident Fund office, Income Tax departments etc., Let us understand with whom this money is? How are they utilizing it? And how you can reclaim it? What do financial institutions do with the […]
Archives for July 2014
Investment Planning : How to calculate the Future Value of investments using MS Excel
Investment Planning is a key component of a Financial Plan. Irrespective of the quantum of the savings, proper investment planning is required to achieve financial goals. While planning, you may come up with few questions as below: How to calculate the future value of a lumsum investment? What will be the maturity value of a […]
Great opportunity to own a residential site through BDA’s (Bangalore Development Authority) e-auction
Since 2012, BDA (Bangalore Development Authority) has been aggressively offering the plots for sale through e-auction. These are residential sites in well developed localities of Bangalore. Bidding is a hassle-free way to own a property in Bangalore. It is a naked truth that in most of the property deals in India there is always a […]
Tax filing : common reasons for getting a tax notice
Tax filing season is on. The last date for filing your tax return is July 31st for Financial Year 2013-2014 (Assessment Year 2014-215). Below are the common mistakes committed by tax assessees with respect to tax filing. Do not commit these mistakes. Else you may receive tax notice from the Income Tax Department. 1 – […]
Life insurance : How to get rid off bad insurance?
Life insurance is a key component of a financial plan. If chosen well, it protects the financial well-being of a family in case of any unfortunate event. However, if it has been bought for the wrong reasons then the same policy can become a drain on your finances and savings. Recently I met a prospective […]
Budget 2014 – New Tax slabs & Deductions – Impact on your Savings
New Tax slabs and deductions were announced in Budget 2014. In this post, let us understand the impact of these changes on the savings. The main changes are; The basic exemption limit has been increased from Rs 2 Lakh to Rs 2.5 Lakh and for Senior citizen it is upto Rs 3 Lakh The maximum […]
