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| 1. Home is where many tax saving options still dwell |
Buy a home, go for joint ownership if you are two salaried persons, buy a second property, or even sell the existing one...if you plan well, there are various options to save tax on hard-earned money.
The Indian economy has been witnessing a boom in the recent past. However, rising property prices and growing interest burden on home loans are worrying buyers. The Budget has not offered any relief, but you can still make ample use of the existing provisions to save substantially on property investments. Here’s how…. |
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| 2. Is the budget good for you and the country? |
This budget primarily focuses on social sectors, health and education. On an overall positive side, the Budget offers significant income tax exemptions to the salaried, which will help put more disposable income in the hands of consumers.
Union Budget has made the taxpayers happy by increasing the thresh hold exemption limits for individuals, women & the senior citizens. Not only the exemption limit, tax slabs & rates had also been modified resulting in lower income tax for the financial year 2008-09 than the financial year 2007-08. Neither the interest rates on traditional small savings instruments like NSC, PPF nor are the deductions u/s 80C of income tax act has been increased to encourage the savings.
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| 3. NET, SET, GO |
Technology has altered our lives and habits significantly, enabling efficiencies and facilities like never before. We book air and train tickets on the Internet and have long stopped standing in queues and depending on booking agents. We browse through our telephone bills to skim call durations for any misuse. We buy and sell equity shares on our online trading accounts, in a matter of minutes, while being tuned to the market and prices from wherever we are. We search our mail history from email folders and snigger at someone who prints emails. We cannot remember the last time we sent a snail mail. However, when it comes to our money, are we using Internet Banking for all the efficiencies it enables? |
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| 4. Five tips to make sure your retirement money lasts till the end |
| With so much at stake when planning a retirement income stream, it pays to take a step back and see whether your plan takes into account the major obstacles to retirement income adequacy. When you take this big-picture view, consider the five major challenges most retirees face: the potential for outliving one’s assets; the threat of rising living costs; the impact of increasing health-care costs; uncertainty about the future level of Social Security benefits; and the damage to long-term financial security that can be caused by excessive withdrawals in the early years of retirement. Understanding each of these challenges can lead to more confident preparation.
Standard & Poor’s suggests you consider these five risks to your retirement income, including outliving your assets and higher health-care costs. |
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| 5. Buyback lifts demand for stock, improves return
on assets |
Just as issuing shares means offering equities, a buyback means just the reverse. When a company announces a stock buyback or repurchase, it’s time to take a close look at what’s behind the action. Let us learn about buyback of stocks in detail. |
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