What should I know before becoming an Airbnb host?
Summary: Airbnb offers a chance to earn income from your additional property. You can list your property on the website and people can rent it out while on their business trip or vacation. You can set a rent as per your choice. Your income will be subject to...
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...
Have You Made Your Personal Finance Resolutions for 2019
Happy New Year! The festivities and celebrations are done and it is time to work on making 2019 a worthwhile year. Let us make resolutions for our personal finances and stick to them so that we have a successful financial year.
Changes in NPS in December 2018
Executive Summary: The Government has approved some changes in the NPS such as increased Government contribution, tax benefits, better withdrawal conditions and compensation for delayed payouts towards contribution by the Government. These changes are beneficial to...
How To Select A Liquid Mutual Fund For My Portfolio
Executive Summary: Liquid funds are considered to be a good investment option due low risk, high liquidity and optimum returns. You should consider factors such as credit quality, investment portfolio, fund performance, expenses, your financial goals and average...
What is Availability Bias?
Executive Summary: We tend to base our decisions on information that is recent or easily available or on recent events or those retained in our memory. This is known as availability bias. It is not an optimum way to make decisions as different aspects of a news item...
How Can I Avoid Planning Fallacy
Executive Summary: We tend to overestimate our capacity and benefits of our tasks and underestimate costs, efforts and time to do those tasks. This is called planning fallacy and it can affect our financial plan. We can avoid planning fallacy by setting realistic...
How does an Insurance Ombudsman works?
Ayush Bhargava Executive Summary - Filling a complaint against insurance company is now much easier than before. For the benefit of consumer IRDA started a separate department as Insurance Ombudsman in 1998. This was set up to provide faster and cheaper solution of...
SBI Life Poorna Suraksha Term Insurance Plan – Is it Suitable for Me?
Executive Summary: SBI Life Poorna Suraksha is a term policy that covers 36 critical illnesses. It offers rebalancing of the amount of the policy and premium waiver in case of detection of critical illness. There are other similar policies. You should compare...
What is Availability Bias?
Executive Summary: We tend to base our decisions on information that is recent or easily available or on recent events or those retained in our memory. This is known as availability bias. It is not an optimum way to make decisions as different aspects of a news item...
How Can I Avoid Planning Fallacy
Executive Summary: We tend to overestimate our capacity and benefits of our tasks and underestimate costs, efforts and time to do those tasks. This is called planning fallacy and it can affect our financial plan. We can avoid planning fallacy by setting realistic...
How does an Insurance Ombudsman works?
Ayush Bhargava Executive Summary - Filling a complaint against insurance company is now much easier than before. For the benefit of consumer IRDA started a separate department as Insurance Ombudsman in 1998. This was set up to provide faster and cheaper solution of...
SBI Life Poorna Suraksha Term Insurance Plan – Is it Suitable for Me?
Executive Summary: SBI Life Poorna Suraksha is a term policy that covers 36 critical illnesses. It offers rebalancing of the amount of the policy and premium waiver in case of detection of critical illness. There are other similar policies. You should compare...
Antoine de Saint-Exupéry
A goal without a plan is just a wish!