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| Posted: 11 Aug 2014 02:01 AM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
GIFT TAX
What Falls Under Gif Tax?
Under the I-T law, any sum of mo movable or immovable property ceived by you without considerat (without a quid pro quo) is charge to tax as `Income from other sour -even winnings from lotteries, in est income, to name a few, fall un this head.
EXEMPTIONS AVAILABLE
However, certain exemptions are available, and not all `gifts' would be tax in your hands.
Not presents other than immovable provided (say jewellery) the same principle, or applies except that the fair ma of value of such a gift is considered.
Beware of I-T provisions here. For instance you've gifted your wife -who housewife -a cheque of Rs 1 lakh
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--------------------------------------------- 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 |
| Invest in Child Insurance Plans that offer waiver of premium Posted: 10 Aug 2014 10:08 PM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
Invest in Child Insurance Plans that offer waiver of premium
Given the rising expenses and the high cost of education, saving for children is becoming increasingly important. Child plans offered by life insurance companies are one way of doing this. Under revised guidelines, insurers are considering launching products to meet various needs in this regard—child care, education and marriage expenses.
In the case of a child plan, the parent contributing the premium is the insured life, while the child is the beneficiary. The inbuilt benefit that waives all future premia, along with a fixed sum assured to the beneficiary in case of the demise of the parent, is the biggest attraction towards these plans. Child plans ensure the investment is protected from any sudden demise of the life insured.
However, this feature is available only if it is a unit linked insurance product ( Ulip), not a traditional plan. It is available for PNB MetLife's Met Smart Child and for Aegon Religare Life Insurance's Rising Star, both of which are Ulips.
In other cases, the investment plan ceases with the death of the investor and the proceeds realised have to be reinvested and managed to meet future goals. Typically, child plans are used to save for goals such as higher education or wedding expenses. They combine a component of savings with insurance. In case of traditional child plans, the pay out matches the requirement. For example, for atypical child plan, pay outs start when the child turns 13, and continue till he/ she is 21. The percentage or amount of pay out is designed to meet expenses such as school or tuition fees and, later, higher studies.
A combination of the same benefits can also be achieved by purchasing pure term insurance ( to insure the parent) and investing in mutual funds/ fixed deposits on a regular basis, Parents who are more financially savvy may opt for this, as they may be able to structure these themselves or with the help of a financial advisor. This gives more flexibility in terms of moving the corpus around in case of bad fund performance or low interest rates," he says.
However, unlike a term insurance plan, a child plan is specifically for a child, allowing only him/ her to avail of its benefits. As a result, the chances of misuse of the corpus are reduced. While term plans provide a good cover at a reasonable price, these do not take into consideration the specific needs of a child.
A child plan has a lock- in for a certain period and the costs of breaking this lock- in may be high, Roy says. By comparison, mutual funds have no lock- in, while Public Provident
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 |
| Posted: 10 Aug 2014 07:58 PM PDT Download Tax Saving Mutual Fund Application Forms Invest In Tax Saving Mutual Funds Online Leave a missed Call on 94 8300 8300
What is value investing?
Buying a stock at a price lower than what it should be, i.e. lower than its intrinsic value (the real worth of a stock as opposed to its market value), is called value investing. Billionaire investor Warren Buffett is the foremost proponent of value investing and the success of Berkshire Hathaway, the company he has been heading for decades, has made this theory more famous. The concept, however, was first proposed by Benjamin Graham, Buffett's mentor, along with David Dodd when they taught at Colombia Business School about 90 years ago.
While Graham proposed to invest in stocks priced cheap, for Buffett the proposition was to buy the stock of a great company at a sensible price that can give very high returns over time. Along with Buffett, Charlie Munger, the vice chairman of Berkshire Hathaway, is another famous proponent of the value investing concept. For beginners of this concept, Graham and Dodd's book "Security Analysis" and Graham's "Intelligent Investor" are must reads.
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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