What is cost inflation index and indexation ? To understand indexation, let us quickly see what we mean by capital gains. If you sell an asset such as real estate, stocks, mutual funds, jewelery etc, you earn a profit from such a transaction. This profit is called capital gain. If you sell an asset afterRead More
How to create a personal or home budget ?
Have you been ever involved in your home budgeting or your personal budgeting during your overall financial planning process ? If you belong to the strata of investors who do not know where your income is going, then you are not the single one out there. Most of the investors I have interacted with doRead More
Income Tax (IT) deduction of House Rent Allowance (HRA).
House Rent Allowance or HRA is an allowance given by the employer to the employee for taking care of his rental or accommodation expenses. Note that your employer can choose to offer you HRA in your salary package irrespective of whether you live in a rented accommodation or in your own house. While most ofRead More
Taxation of Debt Mutual Funds for AY 2010-2011
A debt mutual fund invests primarily in debt instruments, that is government securities, bonds and money market instruments. A debt mutual fund is defined as one which invests less than 65% of its assets into equities. Let us check on what taxation of debt mutual funds means to the retail investor. The scope of theRead More
Top Personal Finance Magazines of India
Which are the top personal finance magazines of India? In fact, how many are there in total? Many of them shut down due internet boom but still many top personal finance magazines have faced the competition and emerged in today’s times. I have updated this till May 2020. I could not count beyond 5.. theRead More
Can money buy happiness ?
Can money buy happiness ? This is a question asked a zillion times over and researched heavily and the answer has been a resounding NO. Money cannot buy happiness. Well, in the short term it can but over the long term, it calls for a disappointment. Studies have revealed that humans are never satisfied withRead More