Page 610 - Personal Finance
Your money: Cash purchase of assets will affect depreciation claims
Businessmen and professionals will have to use the banking channel for payments over Rs 10,000
 "Your money: Cash purchase of assets will affect depreciation claims")
I-T target hits record tax refund hurdle
Direct tax collection likely to fall short of Rs 8.47 lakh crore Budget target
 "I-T target hits record tax refund hurdle")
Post office schemes best option for safe, guaranteed returns
Debt funds better route for those looking at longer investment tenures
 "Post office schemes best option for safe, guaranteed returns")
Operation clean money: Govt to issue notice to non-respondents
Over 9 lakh responses have come in I-T department's e-filing portal
 "Operation clean money: Govt to issue notice to non-respondents")
SBI to charge for breaching monthly average balance in saving accounts
Penalty back after 4 years; max levy: Rs 100 plus service tax; bank to cut interest on certain FDs
 "SBI to charge for breaching monthly average balance in saving accounts")
You can still transact up to Rs 2 lakh a month at your home branch for free
If deposits and withdrawals cross this limit, the bank will charge Rs 5 for every Rs 1,000
 "You can still transact up to Rs 2 lakh a month at your home branch for free")
Your money: How to safeguard yourself against phishing or malware attacks
In view of the growing frequency of such attacks, individuals need to adopt stringent measures
 "Your money: How to safeguard yourself against phishing or malware attacks")
Looking for a home in the range of Rs 1.5 cr? These rates may interest you
If you are looking to buy property within a budget of Rs 1.5 cr-2 cr, rates may interest you
Jehangir B Gai: Medical certificates need to be authentic
A claim cannot be rejected on assumptions or on the basis of medical certificates which are vague
Readers' Corner: Mutual Funds
Nimesh Shah, managing director & chief executive officer, ICICI Prudential Asset Management Company
Your money: Don't rely on your group life cover alone
If you quit or change jobs in your 40s, buying an individual term plan will be expensive
 "Your money: Don't rely on your group life cover alone")
Entering equities at high valuations is risky
First-time investors should enter markets via SIPs of equity mutual funds
 "Entering equities at high valuations is risky")
Your money: Don't over-allocate to banking sector funds
Funds may take a breather after 54% return over past year
 "Your money: Don't over-allocate to banking sector funds")
Taurus MF to approach Sebi on BILT default
The fund house suspends fresh subscription in the affected schemes
 "Taurus MF to approach Sebi on BILT default")
Your money: New gold bond issue is attractively priced
At Rs 2,893 a gram and 2.5% interest, sovereign gold bonds makes the best investment in the metal
 "Your money: New gold bond issue is attractively priced")
Equity MFs turn net sellers in Feb, after 6 months
Rs 78 cr net pulled out till last Thursday, despite 4% rally in benchmark indices so far this month
 "Equity MFs turn net sellers in Feb, after 6 months")
Look for watermarks, raised printing: How to spot a fake currency note
Real notes have features such as watermarks, raised printing and colour-changing ink
 "Look for watermarks, raised printing: How to spot a fake currency note")
Create a job loss fund
It should cover mandatory expenses, insurance premiums and loan instalments for 6 months to a year
 "Create a job loss fund")
Stock market gets unattractive
History suggests both passive and active investors will struggle to make money
 "Stock market gets unattractive")
Stents get cheaper but hospitals might raise other costs
Patients can call NPPA helpline to complain about overcharging
 "Stents get cheaper but hospitals might raise other costs")