Stock market is a number game. When financial numbers are good then stock will go high. Everything else has short term impact only.
Monday, July 31, 2017
Every dog has it's own day
In the world of stocks, every dog has his or her own day provide he or she should be a good dog or going to be a good one in future. You should have patience to wait until that day comes.
Past is past
Even world top companies Apple, Tesla, GM and Chrysler were about to bankrupt once upon a time. So past is past.
Wednesday, July 26, 2017
Sunday, July 23, 2017
Stock Market
"Stock market investment is like fishing in the middle of an ocean. You may get a mix of good/bad/dangerous fishes"
Saturday, June 11, 2016
What taxes an individual pay in India?
Many people don't know what are the taxes they pay every year. Let us have a brief of it.
Taxes in India are categorized as Direct and Indirect.
Direct taxes are paid directly to the government. Income tax is the best example in this category.
Indirect taxes collected from government through intermediaries or manufacturers. Service tax is a best example in this category. When you go to a restaurant you pay service tax as part of the bill. The restaurant then pay service tax to government.
So which tax goes to which part of the government?
Central - Income tax, service tax, excise duty and customs duty
State - Sales tax, VAT, entertainment tax, toll, professional tax, stamp duty, luxury tax, octrai duty and capital gain tax
Local - Property tax
Taxes in India are categorized as Direct and Indirect.
Direct taxes are paid directly to the government. Income tax is the best example in this category.
Indirect taxes collected from government through intermediaries or manufacturers. Service tax is a best example in this category. When you go to a restaurant you pay service tax as part of the bill. The restaurant then pay service tax to government.
So which tax goes to which part of the government?
Central - Income tax, service tax, excise duty and customs duty
State - Sales tax, VAT, entertainment tax, toll, professional tax, stamp duty, luxury tax, octrai duty and capital gain tax
Local - Property tax
Sunday, June 17, 2012
Insurance Buyers Rights
1) You can cancel the policy within the 15 days of receiving the policy document
2) Insurer must provide detailed information about the policy if asked by the customer
3) How to file a complaint
- Approach the grievance cell of insurer with the complaint
- The company has to acknowledge within 3 days and resolve it within 15 days
- If not satisfied ile complaint with IRDA. You can file it online on the IGMS
- You can also approach ombudsman or consumer forum
- If still not satisfied, you can take the matter to a civil court
4) You can change the frequency of the premium at the beginning of a policy year.
All regular premium policies allow to change frequency from annual to semi-annual or quarterly and vce-versa. A change in monthly mode is difficult
5) You can premium within the 30 day grace period (15 days in case of monthly premium)
6) A lapsed policy can be reinstated by paying the missed premiums and penalty
7) Insurers cannot refuse to renew medical insurance within grace period
(Source : ET wealth May 14-20 2012)
Saturday, July 16, 2011
Useful Links for Investment, Insurance, Banking, etc
Investments
Insurance
Banking
Employees' Provident Fund (EPF)
Loans
Tuesday, January 25, 2011
TDS on PF Withdrawal
You must know that PF withdrawal is not always taxable.
It's the individuals who unknowingly do some mistakes due to which tax will be deducted on PF withdrawal.
Know when the PF withdrawal is Tax-Exmpt :
1) You have a 5+ years of service with the same employer
2) You service is terminated due to some reason which is not in your control such as ill health, company closed, etc.
2) You service is terminated due to some reason which is not in your control such as ill health, company closed, etc.
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