Have your emotions become over riding decisions for your investments ? In 2011, when the stock market was going down south, did you buy or did you sell ? If your investment behaviour or decisions were based on sound principles, then you might be on a strong footing as far as your financial planning goesRead More
How to intelligently spend your money on buying an AC
Summers in India are fast approaching and if you plan to buy an Air Conditioner (AC) to beat the heat, then here is a quick “how to spend your money wisely” guide on the same. I ended up writing this when I realized that we often shop for a lot of consumer durable products withoutRead More
How to check your EPF balance online
Here is a small primer on how to check your EPF balance online. There have been some questions on how to do this and what the SMS from bz-epfo that comes to your mobiles mean. More on this in a bit. The EPF (Employee Provident Fund) is a compulsory retirement fund account to be openedRead More
Profile of top 10% richest Indians [infographics]
Here is a snapshot on the top 10% of richest Indians. It shows where they live and what they consume. This is based on the book “How India Earns, Spends and Saves” which is quite an interesting eye opener on how we go about our daily lives. Maharashtra seems to be the city where mostRead More
All you wanted to know about bank lockers
So you got carried away and bought a lot of gold jewellery for your wife and are now hunting for a bank locker to park that jewellery ? Getting bank lockers in India is more painful than buying the jewellery ! Most of the time the banks will say that the safe deposit lockers aren’tRead More
Clubbing of Income of spouse
Clubbing on income is a very important provision in the Indian Income Tax Act and it makes sure that individuals do not avoid tax by transferring assets to other people. At the back of queries I received on this subject, here is a small primer on clubbing of income of spouse with respect to incomeRead More