We are all aware that Budget 2021 (The Finance Bill 2021) has introduced one of the key amendments to the EPF Act. As per this amendment, from 1st April 2021 onwards, the interest on any contribution above Rs. 2.5 lakh by an employee to a recognized provident fund is taxable. Until FY 2020-21, the interest income earned on contributions […]
Estate Planning ( Wills, Nominations..)
What is Streedhan? – Meaning & Constituents | How can Women protect it?
The Hindu Law has certain concepts like HUF (Hindu Undivided Family), Karta, Succession rules, Streedhan etc., These were created for smooth functioning of the Household and aimed at protecting the interest of different members of the family. The concept of Streedhan refers to the right of (hindu) women about the Wealth that belongs only to […]
Mutual Fund Units Transmission procedure | How to get Mutual Fund units transferred upon death of a Unitholder?
We all know that life is short and unpredictable. In this short journey, we all take lot of investment and financial decisions. We earn, save and invest money in various financial products like – Bank Fixed deposits, real estate properties, Shares, Mutual Funds, Insurance policies etc., What is the basic logic behind making these investments? […]
Can a Mortgaged property be Gifted, Willed or Inherited?
Real Estate Property is one of the most sort-after investment options in India. The growth in disposable income, demographic changes such as the growing number of nuclear families, a rise in double income earning families, higher income levels within the urban population, the access and availability of bank finance (Loans) are driving the housing demand […]
How to Cancel or Surrender PAN & Aadhaar Card of a deceased person?
PAN Card Number and Aadhaar Card Number are two numbers that each person residing in India is encouraged to register for and get. There are roughly around 29 crore PAN card holders and more than 111 crore people now have an Aadhaar number, covering more than 98 to 99% of the Indian adult population. We all know that the usage of PAN card is no […]
5 ways of making Creditor Proof investments
Banks in India have become easily accessible for getting loans for use by individuals. Debt and Loans are becoming common these days. The amount of total financial liabilities held by Indian households justifies this statement. As per the RBI’s statistical data on Indian Economy (2016) ; Around Rs 2,605 billion were taken as Loans and advances from the Banks […]
