Page 648 - Personal Finance

New motor premia in FY17

Rise in third-party premium and service tax will lead to an increase of 25-40% in total premium

Hoodwinking taxman using family is difficult

Returns on investments received by a housewife will be taxed; parent or spouse gifting an asset will usually need to pay tax and a minor's income is clubbed with parents', with some exceptions

Financial planning in new year: Start it now

Don't tinker with your long-term investment plan. But it is always better to make some critical changes, based on new tax laws and instruments

Tips to reduce your car premium

Use accumulated no-claim bonus and increase voluntary deductible to get a better deal

Home loans to get cheaper over next three to six months

Borrowers should expect only 25 basis point reduction within a month

Now, a health portal for patients

Since rates could vary depending on the customer profile, use it only as a starting point

Take tax advantage for losses made in equities

You can carry forward losses for up to 8 years and set it off against future capital gains

Severance pay is not taxable

A recent high court judgement classifies such income as capital receipt

Debt Counselling: Sanjay Agarwal

Filing income-tax returns gets more complicated

Those with annual income of more than Rs 50 lakh will have to furnish a lot of additional details

Don't blindly emulate promoter buying

While such buying could indicate confidence in the business, investors should do a comprehensive evaluation before getting into the stock

New order in the IPO market

With e-commerce, payments banks and general insurance companies entering the market, investors will have to work on their understanding of these sectors

Case study

Realty check

Budget: Rs 50 lakh-1 crore

Sharp cuts in lending rates to take some more time

New method of calculating the benchmark has already led to a reduction and now Reserve Bank of India's move will first spur a deposit rate cut

MCLR may not help retail borrowers too much

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

Rates slated to come down

When banks and NBFCs start cutting lending rates, share prices will gain

Panama Paper leaks: Disclose all foreign accounts, assets

If you fail to pay tax on foreign income, you could be penalised up to 300% of the tax due

Case study

Banking: Rajiv Anand