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| Posted: 18 Sep 2015 05:07 AM PDT How Gold ETFs Taxed
Gold ETFs are treated as non-equity investments for taxation purpose. Find out more
Gold ETFs are treated as non-equity investments and taxed accordingly.
Short-term capital gains on units held for less than 36 months will be added to investor's income and taxed as per the applicable slab rate.
Long term capital gains on units held for more than 36 months will be taxed at 20% after providing for indexation Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015
1.ICICI Prudential Tax Plan 2.Reliance Tax Saver (ELSS) Fund 3.HDFC TaxSaver 4.DSP BlackRock Tax Saver Fund 5.Religare Tax Plan 6.Franklin India TaxShield 7.Canara Robeco Equity Tax Saver 8.IDFC Tax Advantage (ELSS) Fund 9.Axis Tax Saver Fund 10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online - For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call --------------------------------------------- Leave your comment with mail ID and we will answer them OR You can write to us at PrajnaCapital [at] Gmail [dot] Com OR Leave a missed Call on 94 8300 8300 --------------------------------------------- Invest Mutual Funds Online Download Mutual Fund Application Forms from all AMCs | ||
| Financial Freedom with Investments Posted: 18 Sep 2015 04:10 AM PDT Today, as I juggle the rigors of an uncertain, challenging yet an extremely satisfying life of an entrepreneur, I can't help but agree more. You never know what life tosses your way: be it great opportunities or curve balls to throw you off. While we can't ever know exactly what's in store for us, it should never stop ourselves from dreaming bigger and taking risks in life. We all strive for financial freedom. Who doesn't want to have the joy of fulfilling yours and your families' wishes and not having to worry about money? Unless we inherit some royalty's wealth or discover oil in our backyard; all of us need to actively plan our finances to achieve this kind of independence. Financial planning in the true sense, is not just about growing wealth and countering inflation, it is also about managing risks and seeing us through uncertainties. While most of us Indians have a savings mindset, what we lack is in our understanding of risk management. Uncertainties such as accidents, deaths or sickness have the potential of becoming huge financial adversities besides being huge personal losses. Without management of risks for financial losses or catastrophes in life, any kind of a well planned corpus created through fixed deposits, investment in Gold, SIPs, the right equity portfolio mix can go for a toss. That's why it is imperative that we understand insurance and invest in it. Insurance, as the definition states: "is an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium." Sadly insurance penetration (ratio of premium to GDP) in India stands at an abysmal 3.9%, much lower than the world average of 6.3% per govt. sources. Although the Indian multi-player insurance market is fairly young, it is fast growing and has a lot of sophisticated products on offer to help Indians manage their risks well. Even the IRDA is actively developing guidelines and processes to ensure Indians are covered well. If you don't want to throw your life plans off track or simply, don't want the stress of large bills when something untoward was to happen, there are primarily 5 kinds of insurance you definitely must have. All of these 5 types of plans together for an average 30-32 year old man, won't cost more than a 30-40,000 rupees annually. Life insurance: The most misunderstood and somewhat dreaded of the insurances, this simply helps your family tide over the huge financial loss they would suffer, in case you, an active contributor to family's earnings were to lose your life. The amount of cover needs to be a function of your income, current and future liabilities & expenditure (student loan, children's education, household expenses etc). An average 30 yr old should definitely have a term cover of Rs. 1 Crore, but the exact amount will vary for everyone depending on income & liabilities. This should set you back by about Rs. 20,000 Home insurance and contents: This helps you protect against loss of property and/or valuables in case of a fire, theft, accident, natural calamity. In India home insurance is fairly cheap and you can get it as low as Rs 1500 to 2000 for about 40-50 lakhs of coverage. Car & bike insurance: This insurance is mandatory by law. It covers your legal liability for the damage you cause to a third party - injury, death, and/or property damage caused to them because of an accident caused by your vehicle. Most people also opt for comprehensive coverage that protects your own car/bike for damages in case of accident and is a must-have. A comprehensive car insurance policy with third part cover costs about Rs 9,000 for a mid range 2-3 year old Sedan like Honda City. Personal accident insurance: This insurance helps one against loss of income due to partial, total, temporary or permanent disability or loss of life due to an accident. Usually one gets a lump sum amount in case of an accident. This is again extremely cheap at about Rs 1500 for a 10 lakh coverage. It is a great quality to be able to take risks in life and grab chances that come ones' way. In fact, we celebrate the risk takers who dare to do more with life. One just needs to be smart and outfox the risks that come in the way of our growth and freedom. Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015
1.ICICI Prudential Tax Plan 2.Reliance Tax Saver (ELSS) Fund 3.HDFC TaxSaver 4.DSP BlackRock Tax Saver Fund 5.Religare Tax Plan 6.Franklin India TaxShield 7.Canara Robeco Equity Tax Saver 8.IDFC Tax Advantage (ELSS) Fund 9.Axis Tax Saver Fund 10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online - For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call --------------------------------------------- Leave your comment with mail ID and we will answer them OR You can write to us at PrajnaCapital [at] Gmail [dot] Com OR Leave a missed Call on 94 8300 8300 --------------------------------------------- Invest Mutual Funds Online Download Mutual Fund Application Forms from all AMCs | ||
| Extend Group Cover before You Retire Posted: 18 Sep 2015 02:22 AM PDT Those protected by group insurance can convert it to an individual one at exit, but know the risks For those relying entirely on group health covers provided by employers, retirement is a worrying time.Buying a cover at the time of retirement can be difficult because of age and the state of health. We tell you the options available. TIME TO PORT Till the Insurance Regulatory and Development Authority's (Irda) guidelines on health insurance portability came into effect, those who did not buy an independent health cover during their working years had to brace for steep individual premiums or go without cover. Thanks to the regulation, you can now move to an individual policy offered by your group insurer at the time of retirement or separation, while retaining the continuity benefits. Your waiting period will be short; and if you are retiring after a long stint, it would be non-existent. THE PROCEDURE To seek a transfer of your policy from the group platform to individual, you will have to inform your employer at least 45 days in advance. As soon as an employee resigns, he needs to submit the proposal form as well as a portability form to the insurer. They also require a letter from the employer certifying the number of years of continuous coverage under the group insurance scheme. Your insurer could insist on a medical check-up too. READ THE FINE PRINT You may encounter hurdles when seeking portability. Check the policy wording for unfavourable clauses.Look for sub-limits like room rent re striction in individual policies since in group policies they are usually absent. Some policies exclude treatment of diabetes and hypertension and related complication for some time. The insurer may also follow stringent underwriting policies, resulting in re jection of your proposal. People who depend on portability as an option are taking a risk. Insurers will assess your proposal as a fresh one. In case of any adverse health history or declarations you have a very slim chance of getting through. Also, the reduction in waiting period is applicable only to the existing sum insured under the group policy .  Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015
1.ICICI Prudential Tax Plan 2.Reliance Tax Saver (ELSS) Fund 3.HDFC TaxSaver 4.DSP BlackRock Tax Saver Fund 5.Religare Tax Plan 6.Franklin India TaxShield 7.Canara Robeco Equity Tax Saver 8.IDFC Tax Advantage (ELSS) Fund 9.Axis Tax Saver Fund 10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online - For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call --------------------------------------------- Leave your comment with mail ID and we will answer them OR You can write to us at PrajnaCapital [at] Gmail [dot] Com OR Leave a missed Call on 94 8300 8300 --------------------------------------------- Invest Mutual Funds Online Download Mutual Fund Application Forms from all AMCs |
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