Dear kath, if ur wife uses her own funds for investing in shares, there is no prob. but in case of amount as received from u as gift, whatever the profit gains 'll be added to ur income under clubbing provisions od section 64.

As ur wife is already earning, i hope her own funds 'll be there.

till her gains from shares r under the minimum tax exemption limit with all other source of income, no income tax is payable by her.

Thanks

Ashal ...

Dear 365x24x7, Here is the calculation u asked for. (Plz. note STT \\`ll not be considered for purchase or sell price)

A. Purchase price = 2100*10 = 21000
B. Brok. + service tax = 177
C. Net purchase cost = A+B = 21177
D. Sell price = 2200*10 = 22000
E. Brok. + service Tax = 185.40
F. Net sell cost = D-/e = 21814.60
G. net STCG = F - C = 637.6 Rs.
H. Tax on STCG @ 15.45% (as shares were sold thru recognized stock exchange & STT was paid at the time of sell)= 98.51 = 99 Rs. only

Thanks

Ashal...

Dear friend, Here is the calculation u asked for. (Plz. note STT 'll not be considered for purchase or sell price)

A. Purchase price = 2100*10 = 21000
B. Brok. + service tax = 177
C. Net purchase cost = A+B = 21177
D. Sell price = 2200*10 = 22000
E. Brok. + service Tax = 185.40
F. Net sell cost = D-/e = 21814.60
G. net STCG = F - C = 637.6 Rs.

thanks

Ashal...

Dear, any partprepayment of principal 'll also be eligible for 80C benefit within the over all limit of 1L Rs.

thanks

Ashal...

Dear zapper, I personally don't prefer to so much duplication of number crunching. Why?

What u r asking for is already available on so many websites, VROL, Moneycontrol. Mutualfundsindia, to name a few. U may get all the so called ratios & nos on above sites & even more info. when already the work is done by others, why u want to get it done by urself (in my view is is merely duplication).

U may agree or disagree with me.

thanks

Ashal...

Dear Pralhad, For ur monthly prem. of 20K (annual prem. of 2.4L) the minimum sum assured should be 12L Rs. as i mentioned earlier. Now as u have stopped ur future prem. it \\`ll be nice on ur part if u increase ur cover from 11L to 12L.

If it is not possible, don\\`t worry. Here is ur calculation,

A. Sum assured = 11L (as u increased it in the 1st year itself)
B. annual prem. @ 20% of A = 2.2L
C. Excess prem. paid = 20K
D. Total annual prem. paid = 2.4L
E. %age excess prem. of annual prem. = 20/240*100 = 8.33%
F. Total fund value as on date (arrived from the data posted by u) = 15.42L appx.
G. Taxable surrender value = 8.33% of F = 128450 appx.
H. Hence Tax free surrender value = F-G = 1413550 appx.

In the current year, if ur resident indian income from all other sources is almost nil, u may even sat off ur taxable surrender value against basic exemption limit of 1.5L for under 65 age male tax payee.

I hope above info \\`ll be useful to u. Feel free to ask if u need more help.

Thanks

Ashal...

Dear mayekar, plz. read my post in total, i had advised to redeem the initial SIP amount only, in all probability it 'll be without any exit load. Performance of rel. vision is down for more than 1-1.5 years. In fact it was lagging well before the market downturn.

Even in case of redemption from Vision, i had advised to invest using Liq. + STP route for staggered investment.

If u want to go with ur gut feel that sooner or later, vision 'll be able to perform like its older days, u may do so. Ultimately it's ur money & no better than u can judge about it.

thanks

Ashal ...

Sir, Thank u very much for ur advise. With regards anusridi...

Hello Ashal, Ranjan, Ashport & Others Thumps up to you all for helping everyone on the MMB. We must try to help each other as much as possible. What do you say about looking at the ratio analysis of MF, like Beta, Alpha, Sharp Ratio, Expense Ratio, Std. deviation, P/E & P/B? I have started looking at all these but sometimes it\\`s difficult to make a decision after seeing these ratios. Is there any good recommendable book to understand all these investment strategies? Wishes Zapper...

tata aig\\\\\'s raksha has only 2420 yearly premium for 30 yrs old person for a term life of 20 yrs... just go for it...

Dear Ashal, Thanks for the reply.Some hope.Details are as follows.Would like to know best path forward. Policy: ICICI LIFETIME. Started on 24th Aug-2004,premium 20000 per month. Sum assured to begin with was 1 lakh. 100% in maximiser fund. Within a year, of the policy the insuranse coverage was increased to 11 Lakh. In Nov 2007, I shifted the whole amount to PROTECTOR fund, (Approx. 13.20 Lakhs). However monthly premiums were continued to go into maximiser fund. As on date, Maximiser fund: Units= 3431.26 @ NAV of 51.11 & Protector fund: Units= 83015.91@ NAV of 16.46. I'm NRI, premiums paid thr NRE A/C. Request tax and insurance experts to suggest best path forward. I want to withdraw the amount and have written to stop further premiums. Best regards, Prahlad....

Thnx Ashal for the link...its one stop point to compare all the insurance premiums....

Dear Ashalji, Thanks alot for your quick response. Regards, Manher Desai...

Thanks Ashal My wife is also working & she does not come under tax slab , if I start doing trading in her name , she won't have to pay the tax if she fulfills the tax criteria(i.e. if salary + int + profit /loss from sahre trading remains within the tax free slab ) Please guide Regards...