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What is EEE status in an investment in India? ?

By Dhiren S | 5 days ago

EEE stands for exempt, exempt, exempt . Here, the first exempt means that your investments are allowed for a deduction. So, you dont have to pay tax on part of the salary that equals the invested amount. Similarly, the second exempt implies that you dont have to pay any tax on the returns earned on your investment. The final exempt means that the returns from the investment would be tax-free in your hands at the time of withdrawal of the investment.If you want to learn more about financial planning please look up the website IndianMoney.com. This is Indias only free on call money adviser.

Answer by Research Team - IndianMoney.com | 5 days ago

InFinancial Planning | More Answers (1) | Answer This Question | 71 views

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What is the rate of wealth tax in India??

By Lokesh S | 6 days ago

Wealth tax is a taxation levied on non productive assets (Gold jewelry ,Car,Yacht) if their market value exceeds INR 30 Lakhs. One is charged tax at the rate of 1% on the market value of the assets which exceeds INR 30 Lakhs If you want to learn more about financial planning please look up the website IndianMoney.com. This is Indias only free on call money adviser.

Answer by Research Team - IndianMoney.com | 6 days ago

InFinancial Planning | More Answers (1) | Answer This Question | 87 views

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What is a “DIRECT PLAN” mutual fund??

By Deepak S | 7 days ago

You can purchase a mutual fund directly from the AMC under the DIRECT PLAN eliminating the role of a third party such as a distributor. Since no commissions are paid to the distributors the AMC charges you a lesser fee. This scheme has been started from January 2013.If you want to learn more about mutual funds please look up the website IndianMoney.com. This is Indias only free on call money adviser.

Answer by Research Team - IndianMoney.com | 7 days ago

InMutual Funds | More Answers (1) | Answer This Question | 50 views

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Can a minor open a savings bank account in India??

By Pradeep M | 8 days ago

If your child is over 10 years he can open and operate a savings bank account on his own without the aid of a parent or a guardian.RBI allows banks to give a cheque book ,internet banking facilities,ATM or a debit card to the 10 years old child.However banks can decide whether all these facilities should be available to a minor(above 10 years) and if he/she can independently operate the savings bank account..If you want to learn more about banking please look up the website IndianMoney.com. This is Indias only free on call money adviser.

Answer by Research Team - IndianMoney.com | 8 days ago

InDeposits and Bank Accounts | More Answers (1) | Answer This Question | 116 views

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What is a nomination??

By Preetam | 11 days ago

The nominee (basically someone you trust) transfers your wealth/investments to your heirs (Children).The nominee is not the owner/inheritor of your wealth. He is a protector/trustee of your wealth and makes sure your beneficiaries (heirs) receive the money. Nomination is done mainly for shares/mutual funds, life insurance policies or land and property.If you want to learn more about Estate planning please look up the website IndianMoney.com. This is Indias only free on call money adviser.

Answer by Research Team - IndianMoney.com | 11 days ago

InFinancial Planning | More Answers (1) | Answer This Question | 162 views

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What is IGMS??

By Lokesh | 14 days ago

Integrated Grievance Management System (IGMS) has been created by IRDA to register complaints on your insurance policies online.You can register your complaint by first creating an ID and then filling in details such as policy number,name of the insurer and the details of your complaint..If you want to learn more about life insurance please look up the website IndianMoney.com. This is Indias only free on call money adviser.

Answer by Research Team - IndianMoney.com | 14 days ago

InInsurance | More Answers (1) | Answer This Question | 196 views

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Once I make a will can I change it??

By Ravi | 15 days ago

You can change your will using an addition known as a codicil any number of times. A Codicil is an addition to a will. It is a document which states which items of the will you are changing/altering and is a part of the will. By means of a codicil, you may cancel the entire earlier will or you can alter only those parts of the will you want to change.. If you want to learn more about estate planning please look up the website IndianMoney.com. This is Indias only free on call money adviser.

Answer by Research Team - IndianMoney.com | 15 days ago

InFinancial Planning | More Answers (1) | Answer This Question | 224 views

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What is IRDA??

By Uday K | 17 days ago

IRDA (insurance regulatory and development authority) is the insurance regulator and regulates the insurance sector in India. It protects your interests (policyholders) and looks into issues regarding settlement of your claim as well as surrender value of your policy. If you are subject to mis-selling by insurance agents or the Insurance Companies do not listen to your grievances then IRDA comes into play.If you want to learn more about life insurance please look up the website IndianMoney.com. This is Indias only free on call money adviser.

Answer by Research Team - IndianMoney.com | 17 days ago

InInsurance | More Answers (1) | Answer This Question | 255 views

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Will I get a free medical check up with my health insurance policy??

By Chiraag K | 19 days ago

If you have paid your health insurance premium continuously for 4 years and you have made no claims in this period then you are given a free medical checkup (Generally the average of 1% of sum assured of the health insurance policy over the 4 year period) . Some insurers offer a medical check up each year. You are reimbursed the amounts by the insurer after the medical tests subject to the specified limit .If the tests are conducted at designated medical centers of the insurer then you dont have to pay anything. If you want to learn more about life insurance please look up the website IndianMoney.com. This is Indias only free on call money adviser.

Answer by Research Team - IndianMoney.com | 19 days ago

InInsurance | More Answers (1) | Answer This Question | 299 views

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What happens to the tax benefits on my home loan if my under construction flat is not handed to me by the builder on time??

By Harish | 20 days ago

Under Section 24 (b) you get a tax deduction of INR 2 Lakhs on the EMI (interest component) you pay on your home loan for your self occupied apartment or flat. If the builder doesnt give you possession of your flat within 3 years from the financial year you have borrowed (availed the home loan) you will get an exemption of only INR 30000 on the interest you pay on your home loan and not INR 2 Lakhs. .If you want to learn more about Tax planning please look up the website IndianMoney.com. This is Indias only free on call money adviser.

Answer by Research Team - IndianMoney.com | 20 days ago

InFinancial Planning | More Answers (1) | Answer This Question | 321 views

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