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| Posted: 08 Jul 2014 09:47 PM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300 Two wheeler insurance
There is just something about a sleek new bike that doesn't fail to catch our attention. The idea of the wind in your hair as you sweep the streets in your shiny new ride is the stuff of fantasies. But, with that much speed and power, comes the responsibility to protect yourself and your vehicle. One perfect way to do this is by investing in a insurance policy for your two wheeler.
The majority of people owning two wheeler vehicles are not renewing their vehicle insurance making them a serious hazard to be on the roads. According to estimates, in 2013, 14.38 million two wheelers were manufactured. Yet, almost a third of cars and more than two-thirds of two-wheelers on Indian roads do not have even the mandatory third-party liability insurance. A valid motor insurance policy is mandatory as per Indian laws and is as critical as wearing helmets and carrying the necessary vehicle documents. Not abiding by this rule is a serious offense.
Now there is not much difference between a car insurance policy and a two wheeler insurance policy. Such a policy is protects your vehicle from events like fire, explosion, self ignition, lightning, burglary, theft, riot, strike, malicious act, terrorism, earthquake, flood, typhoon, accidental external means, landslide or rockslide, road/rail/inland waterway/air transit. It also provides cover against Legal Liability to third party personal injury and property damage arising out of an accident involving the vehicle made compulsory under the Motor Vehicle Act. A personal accident cover is also included in this policy.
Loss of accessories-electrical or electronic, legal liability to paid driver, personal accident to the pillion riders, normal wear and tear, damage due to negligent driver or driving under influence are not covered by any two wheeler insurance policy.
One can make their policies comprehensive by opting for covers similar to a car insurance policy. Add-ons like Zero Depreciation where, at the time of a claim, no deductions will be made under depreciation. Such add-ons are usually given by for vehicles whose age is up to 2 years. Total cover is another beneficial plan where Road Tax, Registration Cost and Insurance premium are paid along with the sum insured, in case the vehicle is stolen or there is total loss of the vehicle. This is offered to vehicles which are up to 15 years old.
Now, there are insurance companies which have come up with online renewal of break-in two wheeler insurance, where the vehicle will not undergo any inspection, unlike the conventional break-in renewal process followed by insurers. The customer can purchase the policy online from the insurer's website without any documentation. The only difference is that the risk inception date will start 3 days from the day the vehicle owner purchases the policy. Any damage to the vehicle before the risk period starts will not be covered. Bajaj Allianz, Reliance and ICICI Lombard are some companies that are providing this facility.
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
Leave a missed Call on 94 8300 8300
Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com
--------------------------------------------- Invest Mutual Funds Online
Download Mutual Fund Application Forms from all AMCs Download Mutual Any Fund Application Forms ---------------------------------------------
Best Performing Mutual Funds
B. Large and Midcap Funds Invest Online
C. Mid and SmallCap Funds Invest Online
D. Small and MicroCap Funds Invest Online
E. Sector Funds Invest Online
F. Tax Saver Mutual Funds Invest Online 1. ICICI Prudential Tax Plan 2. HDFC Taxsaver
G. Gold Mutual Funds Invest Online
H. International funds Invest Online 1. Birla Sun Life International Equity Plan A 2. DSP BlackRock US Flexible Equity 3. FT India Feeder Franklin US Opportunities 4. ICICI Prudential US Bluechip Equity 5. Motilal Oswal MOSt Shares NASDAQ-100 ETF |
| Tax on Nonconvertible Debentures - NCDs Posted: 08 Jul 2014 07:49 PM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
Taxation of Non convertible Debentures - NCDs
Unlike most debt instruments, cost indexation benefit is not allowed on debentures.
Non Convertible Debenture (NCD) are either issued at face value carrying a periodic interest pay out at a fixed rate or be sold at a discount to face value. In either of the two cases, at the time of redemption, it is the face value that is paid out. From a pure returns perspective, the two are identical because the discount is effectively equivalent to the interest rate.
In the discount option, the difference between initial price and the face value is treated as capital gains and is taxed at 10 per cent plus 3 per cent cess without indexation. Unlike other debt instruments, cost indexation benefit is not allowed on debentures and bonds. This is the treatment in case of long term capital gains. In case of short term capital gains, it's just added to your taxable income.
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
Leave a missed Call on 94 8300 8300
Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com
--------------------------------------------- Invest Mutual Funds Online
Download Mutual Fund Application Forms from all AMCs Download Mutual Any Fund Application Forms ---------------------------------------------
Best Performing Mutual Funds
B. Large and Midcap Funds Invest Online
C. Mid and SmallCap Funds Invest Online
D. Small and MicroCap Funds Invest Online
E. Sector Funds Invest Online
F. Tax Saver Mutual Funds Invest Online 1. ICICI Prudential Tax Plan 2. HDFC Taxsaver
G. Gold Mutual Funds Invest Online
H. International funds Invest Online 1. Birla Sun Life International Equity Plan A 2. DSP BlackRock US Flexible Equity 3. FT India Feeder Franklin US Opportunities 4. ICICI Prudential US Bluechip Equity 5. Motilal Oswal MOSt Shares NASDAQ-100 ETF |
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