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Personal Finance
Tracked by: 0 Boarder
Has anyone here done comprehensive research about Health Insurance Plans out there in the market for individuals and family.
Thank You,
Raj...
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Dear Ashal,
Congratz for being the border of the Day.
It is very heartening to see MMB recognize the genuine contributors of this board like yourself and Ranjan.
-Raj...
In reply to:
Top 5 MFs to invest in Current Market
Posted by :
ashalanshu
Dear Shakti, Thanks for ur wishes.
thanks
Ashal
Tracked by: 0 Boarder
I hoding a stock which is trading in the CnC category for Rs. 580/- and in the Futures at Rs. 947/-. Could someone tell me what does 947 in futures category mean. Why the vast difference. The futures is expiring on 29-10-08....
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You have not understood my query. If you have carry forward short term losses of Rs. 50000/- and for the current year you have made short term capital gains of Rs. 50000 and STT has been paid for all transactions, how do you calculate the tax. Can Rs. 50000 gain be offset against Rs. 50000 losses incurred in previous year. Does it make any difference in tax calculation, if last year short term gains were taxed at 10% and this year it is taxed at 15%.?...
In reply to:
short term capital gains calculation
Posted by : subasu
You can carry forward the short term losses to the subsequent assessment year and set off against capital gains of the subsequent year and if still not exhausted carry forward for seven assessment years for adjustment purposes.
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Six months minimum interest is meant for loans on LIC policies.
...
In reply to:
Investment costs
Posted by : Leave it.
The loan availed is certain for six months and hence the loan should be repaid with six months interest, even if it is repaid on the next day. In bank OD on FDRS actual days are charge for interest. Corrections are invited.
v.krishnamoorthy
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The loan availed is certain for six months and hence the loan should be repaid with six months interest, even if it is repaid on the next day. In bank OD on FDRS actual days are charge for interest. Corrections are invited.
v.krishnamoorthy...
In reply to:
Investment costs
Posted by : ashalanshu
Dear Radhika_nandlal, Every indian bank offers Loan/overdraft facility against its own FDs. Normally overdraft facility is available on a FD interest rate + 1-1.5%. Interest Rate on OD against FD is calculated monthly but on daily reducing basis. So from ur cash flow point, u may plan to payback OD as per ur convenience.
From ur LIC policies, not all r eligible for Loan, but if u do have some policies which r eligible for loans, u should opt it as the interest rate is very competitive just 9% per annum & the silver lining is that this loan is also like OD, u don`t have to pay principal amount regularly, just pay 4.5% interest every 6 months.
Plz. visit ur nearest LIC office to know on which policies u`ll be able to get loan & how much?
apart from these, as dear PCS mentioned, u may also get Loan against securities from Icici.
thanks
Ashal
Investment in ICICI Infrastructure, Sundaram Capex Oppurtunity, Reliance Vision, Reliance Natural Resources
Posted by : RANJANTracked by: 0 Boarder
For a new investor it is wrong to go for thematic funds. It is always better to go for large cap funds. It should form atleast 60% of investment.You can do this now.
Sundaram Capex - SWITCH TO SUNDARAM SELECT FOCUS
Reliance Vision - SWITCH TO Reliance Growth Fund
ICICI Infrastructure - STAY INVESTED
Reliance Natural Resources - Redeem and invest in HDFC TOP 200 or DSPML TOP 100
Any further investment - invest major portion in Select Focus & HDFC TOP 200 / DSPML Top 100
Always look at value research rated funds. Invest via SIP ONLY.
Avoid NFOs & SECTOR FUNDS. ...
In reply to:
Investment in ICICI Infrastructure, Sundaram Capex Oppurtunity, Reliance Vision, Reliance Natural Resources
Posted by :
asha_rt
I was new with the market and had invested in the following funds last year :
Sundaram Capex Oppurtunity
Reliance Vision Fund
ICICI Infrastructure
Reliance Natural Resources.
Needless to say, the NAV of all these funds have dropped down. I dont mind statying invested for another five years in these funds. But, will it reap me any good returns then?? Please advice..
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You can carry forward the short term losses to the subsequent assessment year and set off against capital gains of the subsequent year and if still not exhausted carry forward for seven assessment years for adjustment purposes....
In reply to:
short term capital gains calculation
Posted by : subasu
Please also clarify how did you show these short term losses in your tax return which has already been filed!
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Please also clarify how did you show these short term losses in your tax return which has already been filed!...
In reply to:
short term capital gains calculation
Posted by : nevy
The losses were incurred by trading thro` a regular stock broker and by paying STT on all transactions.
Tracked by: 0 Boarder
Please also clarify how did you show these short term losses in your tax return which has already been filed!...
In reply to:
short term capital gains calculation
Posted by : nevy
The losses were incurred by trading thro` a regular stock broker and by paying STT on all transactions.
Tracked by: 0 Boarder
Dear Shakti, Thanks for ur wishes.
thanks
Ashal
...
In reply to:
Top 5 MFs to invest in Current Market
Posted by : sp.palo
dear ashal,
congrats for being the boarder of the day.
regards
shakti
Tracked by: 0 Boarder
Dear Shakti, Thanks for ur wishes.
thanks
Ashal
...
In reply to:
Top 5 MFs to invest in Current Market
Posted by : sp.palo
dear ashal,
congrats for being the boarder of the day.
regards
shakti
Tracked by: 0 Boarder
Dear Radhika_nandlal, Every indian bank offers Loan/overdraft facility against its own FDs. Normally overdraft facility is available on a FD interest rate + 1-1.5%. Interest Rate on OD against FD is calculated monthly but on daily reducing basis. So from ur cash flow point, u may plan to payback OD as per ur convenience.
From ur LIC policies, not all r eligible for Loan, but if u do have some policies which r eligible for loans, u should opt it as the interest rate is very competitive just 9% per annum & the silver lining is that this loan is also like OD, u don`t have to pay principal amount regularly, just pay 4.5% interest every 6 months.
Plz. visit ur nearest LIC office to know on which policies u`ll be able to get loan & how much?
apart from these, as dear PCS mentioned, u may also get Loan against securities from Icici.
thanks
Ashal...
In reply to:
Investment costs
Posted by : radhika_nandlal
Yes i have no loans until now... i wanted to take a housing loan to build on top of my parents house..but i am not working so no loan will be given.. Will they give against policies i wonder.... i thought i should begin some business and the best place of course is the terrace of my parents home.. lets see..... nobody is giving loans against fixed deposits etc i think... now SBI is giving 11% interest onf FD..
Tracked by: 0 Boarder
Dear Klb, here is ur tax calculation.
A. Interest Income = 130000
B. Net Rental Income = 42000
C. Net Short Term Capital Gain = 150000 (250000-100000)
D. Total Taxable income = A + B + C = 322000
E. Investment in 80C = 100000
F. Net Taxable Income = D - E = 222000
As ur net taxable income is below ur zero tax limit of 2.25L, there is no tax liability on u. But as ur Total taxable income before 80C investment is more than 2.25L (322000 Rs.) u `ll have to file ur return next year.
thanks
Ashal...
In reply to:
Short term gains
Posted by : klb
I am a senior citizen and my estimated income for the F.Y 2008-2009 is as under: Rent of 60,000 less 30%=42,000/- bank and other interests receivable Rs.1,30,000/.I have 2,50,000/- as short term capital gains in property and my short term loss in shares upto this day is about 1,00,000/-. I have invested Rs.1 lakh under sec. 80-C.Taking these figures as final, what would be my tax liability for the above period.Whether my total income will be worked out as 42,000 1,30,000 2,50,000/- Total Rs.4,22,000/ less investment u/s 80/c Rs. 1 lakh =3,22,000 less exempted limit for Sr.Citizens of Rs.2,25,000 Balance tax payable on Rs.97,000/- i.e. 9,700/- @ 10%. Or the capital loss of shares of Rs.1,00,000/- will be taken into consideration and deducted from my total income of Rs.3,22,000/- i.e less 1,00,000/-balance 2,22,000/- and I have not to pay any tax as it is within taxable limit.Please guide me suitablt.
Tracked by: 1 Boarder
can we get physical gold as a redemption proceeds of the gold ETF ?
how to and where to buy gold bar in physical form other than banks?...
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