Parents often concede and transfer ownership of the property to their children to avoid inheritance disputes. However, once parents become dependent on their children, the latter stop providing basic amenities or physical needs. Here are the legal rights of senior citizen to reclaim their property rights.
Public Provident Fund or commonly known as PPF is a fixed income investment product that is used for tax-saving purposes by individuals. Though the USP of PPF is Exempt-Exempt-Exempt tax status, there are 10 other things that an investor should know about it.
It covers Inpatient hospitalisation expenses incurred on treatment under Ayurveda, Unani, Sidha and Homeopathy systems of medicines.
Investors are looking to invest in thematic mutual fund schemes to add some value to the existing investment portfolio. However, most thematic funds are overcrowded and overlap with any diversified mutual fund schemes. Find out if the thematic mutual fund scheme takes a pure-play approach or offers a generic exploration of the theme.
The stock market undergoes phases of bull markets and bear markets. For newbies, they seem like two sides of the same coin. However, experts who have been around for a while, have a different experience. For them, in the battle of bulls vs bear, the winner is always clear and known.
While the fund performance suffered briefly around the time of transition, it has put on a strong show for the past few years. Its superior downside performance also bodes well for the long term.
Net banking can help you in transferring funds between your own- and third-Party Post Office Savings Account, you can also deposit funds into your PPF and SSY accounts, etc.
Your lender (that is the bank or other NBFC) will provide you with a statement of your home loan account which is called the home loan certificate. It is a summary of the interest and principal you have paid on your home loan during the current fiscal year.
The home loan offered by State Bank of India (SBI) caters to various demographics based on their needs and requirements. When applying for a loan, such as a home loan, the CIBIL score is important because most banks base interest rates on an applicant's CIBIL score.
To avoid having too much tax withheld at source, employees should link their Permanent Account Number (PAN) to their EPF (TDS). Section 206AA of the IT Act mandates that every taxpayer who receives taxable income give their PAN to the payer (EPFO).
On Good Friday, April 15, almost all states will be closed, with the exception of three. Banks will also be closed on the second and fourth Saturdays, as well as Sundays, in addition to these days.
I am a 33-year old central government employee with an annual income of Rs 5 lakh. I am investing in mutual funds, recurring deposits, an endowment plan and NPS. Am I saving enough for retirement and future expenses?