Page 8 - Harsh Roongta

What govt can do to nab tax evaders without hurting honest taxpayers

At present, an individual gets tax benefit under Section 54 irrespective of the number of properties owned by him

Is there a Rs 1.25-trillion hole in the EPS?

A 2016 ruling by the Supreme Court has removed the maximum ceiling on pension

What ails National Pension System?

Over 90 per cent of subscribers in NPS are government employees. The rest invest to get tax benefits

Budget: These tax changes discourage investments in multiple properties

Yet it encourages first-time home buyers to buy rather than live on rent

Harsh Roongta: Credit card default is costly

Borrowers with low credit scores should take secured loans and build up their credit scores faster

Harsh Roongta: A way without the Will

State governments can also do their bit by amending Cooperative Housing Societies Act

Harsh Roongta: Banks and fake currency

Customers don't want to face police investigation and banks would rather avoid extra paperwork

Finders can't be keepers

If you say you found money on the street, tax officials could ask for details of how and where it was found

Mixing insurance with investments?

There are enough provisions that the insurance cover does not expire if an SIP cheque or ECS bounce

Education loans need to be regulated

Public sector banks are major players in this market. There are also specialised companies like Credila and Avanse

Go only for finished flats till May 2017

After coming into effect, the Real Estate Regulation Act will ensure that developers are unable to take home buyers for a ride

How UPI may score over IMPS for making mobile payments

You can even send a collection request if you have loaned money to someone. If he does not approve the payment, his intention would be suspect

Getting emotional about investments will hurt

Many smart investors are unable to admit that their investment decisions may have gone wrong

Can only the rich do social good? Not really

Some innovative organisations let you donate small amounts for social good and empower the recipients

Problems for NRIs remitting salary to India

Interest on NRE accounts is tax-free, but the I-T department creates hurdles to tax these accounts

Postpone your property purchase till May 2017

Once the new real estate Act is implemented, developers won't be able to cheat you

Your Money: Should you opt for National Pension System?

If you prefer a forced-savings product, NPS is a good choice. It can become better with tax benefits

Akshay Tritiya: Have your cake and eat it too

Look at gold bonds or gold monetisation scheme instead of buying physical gold

Forge a consensus on pension

The PFRDA Act has diluted the penal and enforcement provisions in the EPF Act, 1952

MCLR may not help retail borrowers too much

Banks will introduce hybrid home loans with stiff penalty on prepayment and shifting