Often we are intrigued about tax implications on gift money, and how it is taxed? Is it taxed to the donor or to the recipient? Well, this post will consider certain scenarios and try to explain them in as much detail as possible: What are Gifts? A gift is Money or House, Shares, Jewellery etc. […]
Archives for August 2015
Understanding Tax Implications of Income from House / Property
If you own a property which is a building, plot or land attached to such building, then any rental income from such property will be chargeable to tax under the head “Income from House Property”. One important point to be kept in mind is that such a property should not have been used for personal […]
Vidya Lakshmi Website : Search & Apply for Education Loans / Govt Scholarships
Vidya Lakshmi (www.vidyalakshmi.co.in), a web-based portal has been launched by the Union Government on the occasion of Independence Day i.e. 15th August, 2015 for the benefit of students seeking Educational Loans. Vidya Lakshmi Portal is a first of its kind website providing single window for Students to access information and also make application for Educational Loans provided by […]
LIC New Endowment Plus – Latest ULIP Plan – Key Features & Review
LIC of India has launched a new ULIP (Unit Linked Insurance Plan) today (19-August-2015). LIC’s New Endowment Plus (Plan / Table no 835) is a unit linked assurance plan, which offers investment-cum-insurance during the term of the policy. ULIP sales have taken a hit since 2010, when the regulator (IRDA) revamped norms by increasing the […]
Mutual Fund Portfolio Overlap Comparison Tools
My article on Best Equity Funds is one of the most popular articles on Relakhs.com. I have been receiving lot of queries on how to compare and select the best Equity oriented mutual funds. I have noticed that many investors prefer to invest in lot of funds to achieve diversification. Too many funds, especially from […]
EPFO to invest in Stock markets (Equities) for the first time!
If you are a salaried individual, a portion of your salary may be invested with EPFO (Employees Provident Fund Organization). Like this, approximately 5 to 6 crore salaried individuals are contributing to EPF Scheme. EPFO has a 64 year long history and all these years it has been investing only in safer debt instruments (Fixed […]
