The hidden truth behind ‘Pre-approved loans’ in India

Have you ever received a phone call from your relationship manager telling you that, there is a pre-approved personal loan especially for you? A lot of people get excited about this fact, that there is a special offer for them and that the bank is ready with the red carpet waiting top hear a – “Yes, I am interested” from them. However, what’s happening deep down in these cases is…

11 tax-free income in India – every investor should know

Paying Income tax is one thing, which most of the people do not like. Everyone tries to minimize their income tax y some or the other means. So today, I will be sharing with you list of some income’s which are 100% tax-free in your hand. Yes – you heard it right. if you earn these income’s, then you do not pay any income tax on them at all. This…

No more sending ITR-V by post after income tax filing – Verification with aadhar card introduced

There is a good news to taxpayers. CBDT recently announced that taxpayers who filed their income tax returns online will no longer have to send the paper acknowledgement by post to CPC Bangalore, if they have aadhar card which can be used for verification purpose. Instead of manual verification, a new Electronic Verification Code has been introduced to verify the e-returns. For that one will have to mention their aadhar…

Attend Jagoinvestor Workshop in Mumbai on 17th May (Sunday)

Last week (on 12th of April) we conducted investor workshop “Design your financial life” in Pune, it was a great learning experience for participants and for us. At the end of workshop it was amazing to see how each participant’s heart got filled right kind of commitment to walk on the path of financial freedom. Here are is the message from one of the Pune workshop participants to investors community…

3 incredible money lessons – I would like to pass on to my Kids

We have worked with more than 500 investors till date one on one and we have decent understanding of how financial lives take shape over the years. Today I am going to share few observations out of working with clients for so many years and will share some mistakes which you should avoid in your financial life. I really wish if each parent could pass it on to their kids…

How to pay Income tax online in 5 min ? Use Challan 280

Today I will show you, how you can pay your income tax online using challan number 280 on the income tax website. Most of the people rely on their CA and other service providers to paying income tax. Salaried class mostly don’t need to pay additional income tax most of the times at the end of the year because anyway their employers pay it on their behalf. However, one might…

4 important things to complete when you Close your Home Loan

It’s a dream of most of the homeowners to own a house without any loan on their head. It’s a great moment in their life, when they pay the final EMI of their home loan or pre-pay the full outstanding balance and clear the home loan fully. It’s a moment of pride and happiness. It’s a great relief for someone who was paying the EMI from so many years continuously….

Jagoinvestor Workshop in Pune – 12th April (Sunday)

We are back with our offline workshop. This time it will be held in the city of Pune. We invite you to block 12th of April (just one Sunday) (mark 12th of April on your calendar) so that you can participate in our one day workshop. We are inviting you because our workshop will add a lot of value to your existing financial life. So far we have seen and…

Budget 2015 : 16 things which every investor should be aware about

When budget speech was over, the first thing I did, was that I created a poll asking people, if you are happy or disappointed with the overall budget. I was sure that most of the people will vote for “Disappointed” and that’s exactly what happened. Around 192 people voted for it and around 65% people said they were disappointed. While, I agree that the budget didn’t offer too many benefits…