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Understanding TDS deductions

09 Jan 2013

Even though many of us are familiar with tax filing, the process of TDS deduction is still confusing for many. When and where TDS is applicable, what are the procedures to reduce it and how to claim the deducted amount at the time of filing tax returns are few of the queries we have. So, here we discuss TDS deductions with a focus on how and when it can be reduced to help you in everyday life.

Understanding TDS deductions

09 Jan 2013

Even though many of us are familiar with tax filing, the process of TDS deduction is still confusing for many. When and where TDS is applicable, what are the procedures to reduce it and how to claim the deducted amount at the time of filing tax returns are few of the queries we have. So, here we discuss TDS deductions with a focus on how and when it can be reduced to help you in everyday life.

Know your PAN card better

09 Jan 2013

The importance of Permanent Account Number (PAN) card has grown over the years, and it is today an essential part of our lives. The most important purpose of allotting PAN to an entity is for the purpose of identification and to track all the related monetary information of that entity.

Credit card essentials for beginners

25 Dec 2012

The thrill of acquiring a plastic card that accords unlimited financial freedom is a joy most people savor. But along with the freedom comes a huge responsibility of managing and handling the card smartly. The chances of misuse and abuse are quite high in case of a credit card especially for people who are beginners in managing credit. Especially teenagers who get their first credit card from parents are more likely to fall prey to the lure of free money which often leads to a debt trap through indiscriminate usage. Utilizing the credit card facilities judiciously requires maturity and understanding of its functioning.

Essential facts about inheriting a house

25 Dec 2012

The loss of a parent or loved elder is a painful incident in our lives. But along with it comes the complications of inheritance of which the most cumbersome is the process of inheriting an immovable property like a house. Where a clear will is absent the disputes regarding actual ownership and rights become a murky affair even among brothers and sisters. Even when there exists a clear will there can be several legal issues regarding inheritance of a house. It is in such circumstances that a good understanding of the rules and regulations governing inheritance of properties comes handy to the average man. Especially if has to face the challenge of placating multiple claimants and heirs.

Know more about investing in platinum

21 Dec 2012

Indian investors have always had a fascination towards precious metals and stones owing to their hedging ability against the rising inflation and economic uncertainties. While investing in gold and silver has been going on, another investment avenue that is blooming since past few years is the ‘noble metal' or platinum.

Do your math before you shift your home loan

25 Nov 2012

Does it make sense to reduce one burden by taking on another? This is the first question that would be top of mind when faced with the question of whether to refinance an existing home loan. Given the fact that a home loan is the biggest reason for cash outflow in most Indian households, this decision has to be taken after a lot of thought. Here is some food for thought to help you arrive at the best decision.

Three simple rules for managing your budget

25 Nov 2012

Pranab and Bishwadeep both work in the same company, at the same level with the same salary. Yet, Bishwadeep is always relaxed and looks in control of his personal finances. If someone asked Pranab, what his net worth was or what the outstanding on his home loan was, he would give some off the cuff answers, which usually would be way of the mark. For the same questions, Bishwadeep would have the answer right to the last paisa.

Buying a property abroad? Here's how to go about it

25 Nov 2012

The current economic turmoil in U.S. and European nations have led to a sharp fall in property prices there making them extremely lucrative for non-resident Indians as well as resident Indians to invest in. More and more Indians are opting for offshore properties as a second home in exotic locations.

Features of used car loans

08 Nov 2012

The popularity of used cars has increased significantly over the past few years and has in fact exceeded the number of new cars being bought every year. Since the car is an ever depreciating asset many people find it financially sound to go for a used one rather than invest in a new one. In order to acquire a used car the banks are offering special used car loans that have been specifically designed to suit the purpose. These loans make it possible for people who prefer to buy a used or second hand car over a new car to actually get their hands on their object of desire. The used cars come at a hugely discounted price as compared to a new one of the same make or model.

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