FinancingBrainZ

Gold prices in India have corrected sharply from record highs hit earlier this month. Gold prices in India  have corrected sharply from record highs hit earlier this month. In futures markets gold currently trades at  ₹ 51,400 levels per 10 gram as compared to August 7 highs of  ₹ 56,200. "Sovereign gold bond is an effective way to invest in non-physical gold, wherein an investor does not have to worry about the storage of gold as it is in a demat form and there are no local taxes that a buyer needs to pay if buying physical gold," says Nish Bhatt, Founder & CEO of Millwood Kane International, an investment consulting firm. Here are things to know about latest gold bond scheme: 1) Sovereign gold bonds, which are government securities denominated in grams of gold, are issued by RBI on behalf of the Government of India. The investors will be issued a holding certificate for the same. 2) Gold bonds have a maturity period of eight years with an exit option after fifth yea...

All about Tax saver FD Bank Fixed Deposit is one of the safest investment avenues, which can help us grow our savings, while offering stability and safety of principal amount. Fixed Deposits help you take control of your investments, with greater flexibility, assured returns and high stability.  Anyone can choose tenor as per ones financial needs. In addition to attractive FD interest rates that offer greater returns, you can avail a suite of exciting features and benefits, such as choosing your tenor, or the frequency of your interest payouts. Tax saver FD is also a type of bank FD which offers deduction under income tax 1961. Features- 1. Investment minimum amount varies from bank to bank. Maximum amount is Rs 1.5 lakh in the financial year which is the ceiling for tax saving investment under section 80C of the income tax Act. 2.  These deposits have a lock-in period of 5 years .  Premature withdrawals and loan against these FD's are not a...

"Ac XXXXXXXX00002760 Credited with Rs.51,442, 31-01-2019 20:34:11. Helpline 18001809990.Update your Email ID in account for details." Happiness is when you get this most awaited SMS on your mobile.And then follows the confusion between heart and mind, soul and body, PRASAD or Party.These are and may be your steps just after getting that hard earned and fully valued FIRST SALARY.Ohh..one whole month of learning, working with new people,adapting new culture,new rules (wherein earlier it was 'mah rulz Mah Lyf' LOL) and yeah forgot the one who is literally difficult to cope with 'your New BOSS'. Must Read : March-means-tax-planned 1.Thank God with Prayer and PRASADAM First salary must be result of your hard work but that omnipresent power is always there to show you the right path and there is no better way to thank God with Prayer and PRASADAM or as per your religious outlook. Be ready to help someone needy and weak on your way to temple...

With the onset of March every year, tax planning and saving become a primary concern for all. While a good financial plan begins from the first day of a financial year, if you have not been able to follow one, there is still some hope for you before it comes to an on March 31st. 1: Ensure Full Utilisation Of Section 80C Section 80C of the income tax act offers a wide range of financial instruments that provide tax deductions up to Rs. 1.5 Lakhs. Identifying the right investment instrument is essential to ensure you are investing as per your financial plan and not simply for tax saving. For example, the recent introduction of long-term capital gains tax (LTCG) means that your investments in if you are a low-risk investor you can opt for investments in PPF , National Savings Certificate, bank  Fixed Deposits etc. Opt for an investment which works for you and not blindly follows what others suggest. 2: Opt For Health Insurance If you still have not bought a healt...

1.Invest in ELSS – Tax Saving Mutual Funds  Highest returns among other 80C options Lowest lock-in of 3 years Option to invest monthly (SIP) as low as Rs.500 or lumpsum Get online investment proof Simple as hell - download mobile app of any Mutual fund - fill details       select tax saver fund - and its done Below are best funds right now for investment - Beauty of ELSS is only it has advantage of 3 years lock in period and for people up for 1.5 lac investment can invest in this and after 3 years would get lumpsum amount including returns and could create buffer for every  year 1.5 lac investment. लगातार 3 साल ELSS में 1.5 लाख Invest करने से 4 साल से हर साल Invest  करने के लिए एक फ़ंड बन जाएगा | All about tax saving and PPF 2.TERM INSURANCE PLAN : If you think term insurance is a ‘waste of  money’,  think again… Do any of these sentences sound familiar? Insura...