If you are planning to buy a house in the short term, LTV Ratio or Loan to Value Ratio is something that is going to add to your misery. RBI (Reserve Bank of India) has come up with a new rule that might derail your short term plans of owning a dream home. The guidelinesRead More
New income tax slabs; expensive homes and stooping low ads
Direct Tax Code (DTC) with new amendments ? The Direct Tax Code (DTC) bill, supposed to be implemented effective April 1st 2012 and which has seen its fortunes swing from one end to the other might bring some relief to tax payers this year. The government is contemplating tweaking the income tax slabs and takingRead More
Should You Save for Retirement or House ?
Sometime back I ran a poll to check on what are investor’s biggest financial priorities in life. The results have led me to ask another critical question – whether investors should save for retirement or buy a house with money that they have today. Saving for retirement or buying a house were the top twoRead More
Importance of Having an Emergency Fund
“Why do I need an emergency fund?”, queried Nitin incredulously as he sat opposite to me. “I need money for more important events in my life!”. Nitin’s financial planning was in tatters. He was staring at huge challenges in his life – no planning; loans piling up thick and fast and no money left forRead More
Leave Travel Allowance & LTA Tax Benefits
Leave Travel Allowance or Leave Travel Concession or Leave Travel Assistance (LTA or LTC) is a very powerful weapon given by employers to employees. It can become a very powerful tax planning tool for you to save your income tax if you put things together well ahead of time. Here are the LTA tax benefitsRead More
How to get a CIBIL Credit Report Online?
Do you know how to get your CIBIL credit report online in India ? Do you know what your credit score is and whether the next loan you request for will be rejected or approved? How to get a CIBIL report (Credit Information Bureau India Limited) is a fairly easy question to answer as weRead More