Dear Friends, Now, I understood Govt has given lot many clarifications on RGESS scheme. Also Mutual Funds are allowed to trade under this. Hence, I hope this is beneficial to all. For tax payers under 20% slab, about Rs.5,150/- can be saved under this scheme with an investment of Rs. 50K. This about 10% upfront […]

Hiiiiii friends I am newbie in investment . I want to invest money in share market for that i want to open demat acocunt.As there are many option available i am confuse  so please help me in opening demat account and one more thing as i am new in trading i wont able to put […]

Hi, I am going onsite (to US) in a week. Please advice me on tax things and things i shud do before going. I am 23 yrs and i own a home here in chennai (House loan) and have invested in mutual funds and stocks and have educational loan as well. I have a life […]

GOVERNMENT OF INDIA HAS PASSED BILL AND IS OFFERING DUAL CITIZENSHIP OF ALL PERSON OF INDIAN ORIGIN. IT IS SAID THAT AFTER HAVING DUAL CITIZENSHIP, THEY ARE AVAILING ALL BENEFITS EXCEPT THEY CAN NOT BUY AGRICULTURE LAND. UNDER THE CIRCUMSTANCE, PERSON CAN STAY IN INDIA AS LONG AS HE WISHES. WHEN A PERSON PREFERS TO […]

My name is Rajesh Gupta. Age 29. Living in Pune and I am software professional earning around 11 lpa. My simple aim is to save as maximum as I can. I have currently following liabilities/expenses. 1. Home loan of my native place. Currently only 3 lacks are remaining to pay. EMI is coming around 9000 […]

Hi All, I read news about PF,with 12% deduction from Gross salary instead of Basic. It will reduce take home salary,not sure abt the getting back from Govt changing rules every year. Is there any way to stop PF contribution or reducing PF contirbution amount if this new rule is imposed?   Regards, Raju

Guys, I am seeing NPS advertisements daily in local newspaper. Just want to know how good is that? Is it as good as PPF – since NPS is also from Govt? I am anyhow going to dig about that. But want all your views as well.

The following article says that KYC needs to be done once more and completed before 15-Mar-2013 even if you were KYC compliant before. http://www.valueresearchonline.com/story/h2_storyview.asp?str=21976 I tried clicking www.cvlindia.com to see the List of POS. It gives an empty excel. 🙂 I guess what additional information is the annual income/networth. I still dont know why you […]

Hi Experts, Only one basic doubt. Goal: Regular income every year like a passive asset(It is not like the monthly expenses will be covered once the interest from the tax free bonds come,they any how route this amount to any of the investments only). they have a corpus of 5 lakhs. My father(Retired govt emp(53), […]

This is totally unrelated to personal finance but I hope Manish will allow me and knowing Manish I’m sure he will. I’m so shocked by the gangrape in Delhi and the ultimate and sad fate of the victim. I feel so ashamed and angry. Everything that happened is just so humbling. We’re a great country […]