Updated: Feb 2, 2019 Not many of us know that when we buy flat or any other immoveable property, we require deducting tax at 1% from the purchase price and paying to government. Another mistake we make by not disclosing the income generated through the investments in the name … [Read more...] about How to deal with Income Tax Notices in India
Life Insurance Policy
Updated: March 05, 2019 LIC has revealed the bonus rates for the year 2018-19 for all of its traditional plans. Since return from LIC Policy is majorly depending on the bonus declared, it becomes utmost necessary to know these rates. But before knowing the bonus rates let … [Read more...] about LIC Bonus Rates for 2018-19 and Calculation
How many life insurance policies can one person have? Yesterday, I got one interesting query regarding life insurance term plans that whether one should buy multiple insurance policies or second insurance policy when he is already insured under one plan? At first sight, I said … [Read more...] about Should you split insurance cover or have multiple insurance policies?
Saving Tax on Insurance Plans in India Getting insured is the one the important essentials of an earning individual who has family dependants. The important part of insurance planning is Tax saving and Tax planning. Smart planning before choosing your insurance plan serves the … [Read more...] about How to save tax on Insurance plans?
What would happen if you leave your family without any financial assistance? Is your insurance cover enough for your family to maintain the same life standards - even in your absence? If all these questions don?t have a clear answer in your mind, then your family is not future … [Read more...] about Why buy Max Life Insurance Online Term Plan?
Top 5 Tax Free Investment Options in India Two types of questions are frequently asked by taxpayers, first one is what are the best tax-saving investments and second what are the best tax free investments options in India are? Both of them sound somehow similar but there is … [Read more...] about Best Tax Free Investments Options in India
LIC is going to launch a traditional limited premium paying endowment plan ?Jeevan Labh Plan 836? on 4th January, 2016. Beginning of financial year is considered as a tax savings season because employer start asking for tax-savings investment proofs to ascertain our tax outgo … [Read more...] about LIC?s Jeevan Labh Plan (Table No 836) Features and Benefits
Financial Year 2015-16 is going to end soon and it is the time to submit your investment proofs to your employer. Investment Proofs are the documentary proofs of the investment declaration for tax planning made by the employees to their employer at the beginning of the financial … [Read more...] about Income Tax Investment Proofs Submission Last Date
I have recently suggested dumping LIC Jeevan Anand to one of my close friend. He is young and recently got employment and like every other young earner, he bought expensive endowment plan and opened a PPF account for himself. His first step of buying endowment plan for life … [Read more...] about Best Online Term Insurance Plans Comparison
Married Woman Property (MWP Act), 1874 We all have various liabilities and assets in our life and we try our best to reduce the liabilities and increase the assets over the time but sometimes this does not happen and our liabilities surpass the assets. However we can manage … [Read more...] about Secure your Family with Married Woman Property (MWP Act)