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
Impact of EPF interest rate cut
If you were planning for your retirement and depended heavily on the Employee Provident Fund (EPF), then it is time you did your financial planning again. The government has brought down the interest rate on EPF and has left many salaried employees who get EPF a bit peeved. Suddenly, there are other investments out thereRead More
Union Budget 2012-13
After having crashed headlong with Mamta Di on the railway budget, the government has committed a Kolaveri Di with the nation. It has dashed hopes of taxpayers and signed off it’s last attempt to recover from a reeling economy with a disappointing attempt. I personally think, the budget was presented because it was meant to beRead More
Different Types of Investors
Though we have many types of investors in India, one can zero down on a broader category of 5 of them. Deciding which type of investor you are is key to a successful future of financial planning and happy financial health. Without that, you cannot possibly even know what financial planning strategies to adopt. It’sRead More
Frugality and Personal Finance
Frugality or a frugal way of life is often misunderstood as being miserly, devoid of the joy and pleasures of life where one tries to save as much money as possible for the future. Talk about frugality and personal finance and you are often met with criticism, especially by guys in their early 20s :Read More