Financial Planning

I was on a call with an NRI from Dubai. Husband & wife were fond of each other but had one contention… The husband was keen to settle in India after few years but the Wife was not. REASON: She was ready to adjust to any length but she wanted her children to get anRead More

Why & How NRI Should Close Indian Bank Accounts?

by Madhupam Krishna

can i have both nre and savings account, can nri continue with resident savings account, can nri transfer money to savings account in india, How to close Resident Indian Bank Account, Non-Resident Ordinary Rupee Account, NRI Banking, nro account, NRO account for NRI, penalty for not converting to nro account, Should NRI close Savings Bank Account

It is a fact that many Indians still keep their Indian Bank accounts without converting those to Non-Resident Accounts. This is a huge blunder and against the law. When asked – NRI Should Close Indian Bank Accounts the response they give is – Don’t Know… How To Do It… When to do it? etc etc..Read More

Taxation of Income in India for NRI (FY 2021-22)

by Madhupam Krishna

Taxation of Income in India for NRI is an important element under Tax Planning for NRIs. India follows a progressive manner of taxation. Last Years Union Budget has divided the Income Tax System into 2 regimes. They are called the Old Regime of Taxation & New Regime of Taxation. Here is the complete details ofRead More

Decimation – Does NOT Mean you WON

by Madhupam Krishna

Buy & hold, buy and hold, decimation, long term investing

I was talking to my friend & investor over the weekend – and he says “I never carry tension home. I purchase & sell the same day. Even if the stock is good and made me returns I do not keep it over the weekend. I just sell it and again buy next week ifRead More

Analysis of Arogya Sanjeevani Policy

by Madhupam Krishna

Analysis Arogya Sanjeevani Policy, Arogya Sanjeevani Policy, Arogya Sanjeevani Policy Features, Details of Arogya Sanjeevani Policy, Features of Arogya Sanjeevani Policy

Health Insurance is a crucial matter – especially after times like Covid 19. In simple words, Health Insurance is insurance that provides cover against medical emergency expenses. It should cover almost all the diseases whether critical or common depending upon features of the policy. Being affordable is one of the features most look for. SoRead More

Changes in Personal Finance from 1 April 2021

by Madhupam Krishna

Changes in banking 2021, Changes in Income Tax, Changes in investments 2021, Changes in ITR 2021, Changes in Personal Finance, Changes in Personal Finance 2021, changes in taxation, changes in taxation 2021

The Financial Year 2020-21 will close on 31 March 2021. Like all new financial years, the new FY 2021-22 will have new tweaks & changes to your personal finance. The top Changes in Personal Finance from 1 April 2021 will be: Changes in Personal Finance from 1 April 2021 1 . EPF deduction above RsRead More