You should be ready to hand over all the paperwork related to the property to the buyer, whenever asked. But you are exempted from this rule under 2 circumstances: either you have clarified in the agreement with the buyer that you’ll retain a portion of the property or you have sold the property to various [...]
Recent posts in Miscellaneous category
And the winner is - The 5 L income earner
This piece will try to look at the numbers post budget 2010 and compare it with the tax laws prevailing in 2009-2010 to see which part of the Indian junta will laugh its way to the bank in 2010-11.
There have been countless discussions on how the budget is pro-middle-middle class (the repetition of middle is [...]
The Budget - Promises kept and not…
Reams of paper and millions of words are used to discuss the budget every year, but, by the time the next budget has come many of these experts are more involved about thinking of what should be done in the upcoming budget rather than what has been done that was promised in the last year.
What can change for whom post budget 2010!
The exemption of customs duty on gold ores and concentrates for its manufacture will show a definite reduction in the cost of gold production which will be highly beneficial to the manufacturers. Gold bars other than tola bars will have a rise in price. The cost of export of plain gold and silver jewelry is [...]
How to read quarterly results of a company?
Usually companies hedge funds to safeguard against currency fluctuation. If this is done in the right way the company makes a Forex gain but in case of wrong bets it incurs Forex loss. Forex gain or loss can also happen when companies borrow in foreign currency.
If you are shareholder and see a Forex loss [...]
Takeaway for a Housewife from Budget 2010!
The basic excise duty has been increased from 8% to 10%. This will have a compounding effect on almost all goods. By the time this article is written, there is some news that the petrol prices will be increased by about Rs.2.85/liter. Car makers have told that they will be increasing the prices after the [...]
Budget 2010 - It’s a win-whine story
The major cause of celebration was that people earlier in the 30% slab (those currently earning between 5-8 lakhs) have now been shifted to the 20% rate of income tax and those in the 3-5 lakh group have shifted to a lower 10% rate of income tax. Add to this the deduction of Rs 20000 [...]
Budget 2010 – Forget inflation, increase income!
The key element of the budget that creates an income of almost Rs.10,000 crores for the Government and increases inflation in a big way is the introduction of Customs duty on crude and introduction of excise duty of Re.1/liter on petrol. This announcement in fact lead to heated objections in the Parliament and the budget [...]
A positive and friendly budget for individuals!
By far the most attractive thing in the Budget 2010 for individuals is the increase in the income tax slab limits. Though the entry level slab for income tax has not been changed from Rs.1.6 lakhs, there is a considerable jump in the other slabs. As per the words of the Finance Minister, this [...]
A quick first take on Budget 2010
Apart from this the finance minister has also given an additional deduction of Rs 20000 for any investments in Infrastructure bonds. This will be over and above the Rs 1 Lakh we already have. Thus meaning we could even save up to ten percent of our income in case we are in the lower end [...]
Economic Review 2009-2010 - Agriculture, Industry & Service Sector
The industry & services sector were both expected to show a strong recovery and is performing along the expected lines. The mining sector is presenting a strong output expansion similar to its performance in June and July 2009 but the growth in the output of crude oil and coal has shown a marked decrease. Hence, [...]
Budget wishlist of Auto, Telecom, IT and more!
Telecom is one of the fastest growing sectors in India. India has the second largest telecom user base in the world. However, the companies are recently witnessing intense competition leading to a price war. The increasing proliferation of dual SIM cards in the market is also leading to subscribers shifting their operators from time to [...]
Wishlist and budget rants of a youngster!
“Now the definitive list must of course be produced by the ‘High Commission’ of our party/association but I have a few suggestions of my own. All students, irrespective of caste, creed or religion must be provided with free laptops. I mean, didn’t somebody somewhere provide free colour TVs to everyone? Our request, then, is definitely [...]
Some budget facts you should know!
Morarji Desai holds the record for presenting the highest number of budgets - 10. of these 8 were annual ones and 2 were interim ones. He also had the honour of presenting the budgets in 1964 and 1968 on 29th February, which happened to be his birthday. He had 2 stints, one as a finance [...]
Of controlling inflation and the Budget
The increased spending from the Government has increased the deficit in the Government budget to a very high level. At the GDP level it is a comfortable slightly over 4%. But on an actual budget level, the deficit is at over 40% of the income (14 lakh crores expenses on an income of 10 lakh [...]
Investing in real estate? Here’s some know how
Real estate attracts capital gains tax. The advantage is that we can use indexation benefits to our advantage. The indexation index is announced every year by the Income tax department. This is a number which links the inflation to property values. By using indexation, we can estimate the true appreciation of the real estate after [...]
Bubble trouble - What, why and how?
A lot of investor participation goes into opting for the strategy to protect from market bubbles! An investor is better positioned when he possesses a strong financial knowledge, has more time to watch market movements and above all a basic understanding of the assets markets. The investors’ ability to make use of the various financial [...]
Honda withdraws a 3rd of all Citys produced in 2007
Honda Siel Cars India, the Indian subsidiary of Honda Motors of Japan today announced that it plans to recall over 8,500 City sedans produced in India in 2007 in order to alter a faulty switch. Since the company sold 26,800 cars in that year, nearly every 3rd of these cars need to have their faulty [...]
Nissan introduces the 370Z sports car in India!
Ultimately Nissan has introduced the stupendous 370Z sports car in India. It is available in 8 body colors and offers the alternatives of a 7-speed auto and a 6-speed manual gearbox. This car is one of the most respected names in sports car family.
Difference between an interim budget and a full budget
During an election year it is not practical for the ruling Government or for the new Government taking charge after the elections to prepare or debate on the full budget and pass it before the new financial year begins. Hence, the outgoing Government would announce an interim budget or vote on [...]
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