Book Review – The Art of Thinking Clearly by Rolf Dobelli
Ever wondered about fallacies in our thinking? And here is my review of the Book ‘The Art of Thinking Clearly’ by Rolf Dobelli. Although this book may not hold the key to happiness, at the very least it acts as insurance against too much...
Should I File Returns Under the New Tax Regime Or Old Tax Regime
Summary: The new tax regime offers lower tax slabs. But many deductions and exemptions available in the old tax regime cannot be availed of. In the new regime, you will have the freedom to invest in any instruments without worrying about tax benefits. But the old...
Capital Gains and Taxation on Sale of Property
Summary: Capital gains earned on sale of house property can be classified as short-term or long-term capital gains. Short-term capital gains are taxed as per the income tax slab rate and long-term capital gains are taxed at 20% after indexation. There are provisions...
Declutter Your Financial Life This Diwali
Executive Summary: As Diwali approaches, we get busy in cleaning up the house, purchasing new things and festivities. Do take some time to organize your financial life too. Get rid of unwanted bank accounts, credit cards and insurance policies. Reduce debt,...
Money Saving Tip – Home Loan Linked Current Account
Would you like to reduce your home loan interest cost and at the same time save on the taxes on your liquid fund investments?Few banks provide home loans with a linked current account. Any balance kept in this current account earns the same rate of return as that of...
Review – LIC’s Micro Bachat Plan
LIC Micro Bachat Plan What Is ItA regular premium, non-linked micro-insurance planProvides protection and savings – Financial support for family in case of the unfortunate event of policyholder's death. Lump sum amount paid to policyholder on maturity of the...
I Have No Taxable Income. Should I File an ITR?
Filing of Income Tax returns even if there is no income to be taxed is useful as it is a proof of income and documentation. It allows to carry forward capital losses, claim tax refund and increase one's chances of getting a high value loan or insurance cover. You...
What Are Forensic Audits?
Executive Summary: Forensic audit is a process to find out white collar crime using a combination of accounting and investigative skills and tools. It can be used to find evidence against fraud, embezzlement, misappropriation of assets, theft and misrepresentation of...
MF Performance vis-a-vis its Benchmark
Executive Summary: Every mutual fund scheme has a benchmark index associated. We can measure the performance of the fund against the benchmark. A mutual fund scheme is said to over perform if the returns are considerably higher than that of the index or in a market...
Review – LIC’s Micro Bachat Plan
LIC Micro Bachat Plan What Is ItA regular premium, non-linked micro-insurance planProvides protection and savings – Financial support for family in case of the unfortunate event of policyholder's death. Lump sum amount paid to policyholder on maturity of the...
I Have No Taxable Income. Should I File an ITR?
Filing of Income Tax returns even if there is no income to be taxed is useful as it is a proof of income and documentation. It allows to carry forward capital losses, claim tax refund and increase one's chances of getting a high value loan or insurance cover. You...
What Are Forensic Audits?
Executive Summary: Forensic audit is a process to find out white collar crime using a combination of accounting and investigative skills and tools. It can be used to find evidence against fraud, embezzlement, misappropriation of assets, theft and misrepresentation of...
MF Performance vis-a-vis its Benchmark
Executive Summary: Every mutual fund scheme has a benchmark index associated. We can measure the performance of the fund against the benchmark. A mutual fund scheme is said to over perform if the returns are considerably higher than that of the index or in a market...
Antoine de Saint-Exupéry
A goal without a plan is just a wish!