Sikha Pradhan a manger with a BPO wants to invest some money to save tax.  She has been investing in PPF for last few years but wants higher returns as she is concerned about inflation.  She has heard that Equity Linked Saving Scheme or ELSS is an excellent product to save tax but not sure […]

An email from his HR department reminded Sandeep that the last date for submission of investment proof is 20th December in his organisation. Sandeep working as a manager in a private firm submitted a declaration in the beginning of the financial year that he would invest Rs. 1.50 lakh in various tax saving schemes during […]

A Hindu undivided family (HUF), or, a joint Hindu family, is a creature of law. Therefore, you become member of HUF by your status and it cannot be created by an agreement between two parties, except in case of adoption. For instance, a child automatically becomes member in his father’s HUF by his birth. HUF […]

Real Estate, one of the most conventional investment options has been seen to perform fairly well in comparison to other sectors when it comes to measuring the Return on Investment (ROI) with respect to the level of the low risk that it offers. However, this does not mean one loses sight of ‘when and how’ […]

Anshul Jain an IT professional, and Priya, a freelance TV actress, live in Mumbai with their son Aryan. Anshul pays Rs 25,000 as home loan EMI. In 2013-14 (FY14), he switched jobs and also redeemed some of his equity mutual fund schemes, sold one residential property and surrendered a pension plan underwritten by a private […]