Tag: Personal Finance

What is Time Value of Money (TVM)

What is Time Value of Money

What is Time Value of Money . Background: We may have heard  from our parents, teachers and elders since our childhood that “Respect time as time is money”. We may be considering this as a good piece Read more […]

Tagged with: ,

Deduction of Interest on deposits in Saving Accounts

Deduction of Interest on deposits in Saving Accounts

Deduction of Interest on deposits in Saving Accounts. While filing Income Tax return for FY 2013-14, you may be wondering whether to include saving account interest in Gross Total Income. Can I get Read more […]

Tagged with: ,

Why Should I buy term insurance?

Term insurance

Why Should I buy term insurance? If an Insurance agent approaches you and want to explain you about term insurance.  What will be the first question that comes to your mind when you think about any insurance Read more […]

Tagged with:

TDS on purchase of immovable property

TDS on purchase of immovable property IF your are planning to buy a immovable properties, you should be ready to deduct tax at source (TDS) @1% subject to certain conditions from 1st Jun, 2013. The Read more […]

Tagged with: ,

Exemption on Leave Travel Allowance (LTA)

Employee are getting Leave Travel Allowance (LTA) as a part of their Salary (CTC) but important factor is that LTA is received only on annual basis and not add to your monthly take home salary. You have Read more […]

Tagged with: ,

How to take benefit of credit card balance transfer

Credit Card is such a tempting facility provided by bank that generally person use it without considering repaying capacity or sometime there could be genuine situation where no other source of finance Read more […]

Tagged with: ,

Deduction of Interest on Housing Loan in case of co ownership

Deduction of Interest on Home Loan:  IF home loan is taken for the purpose of purchase, construction, repair, renewal or reconstruction, interest there on is allowed on accrual basis under section 24 Read more […]

Tagged with: ,

Pre construction period Interest on housing Loan

As per section 24 of Income tax Act, 1961, Interest on borrowed capital is allowable as a deduction if capital is borrowed for the purpose of purchase, construction,repair, renewal or reconstruction of Read more […]

Tagged with: ,

Effects of Jantri rates on Capital Gains

Section 50 C of Income Tax Act,1961 was inserted from Finance Act, 2002 w.e.f. 1st April, 2003 which states that While transferring any land or building or both if full sale value consideration is less Read more […]

Tagged with: , ,
Top