Page 88 - Personal Finance

Address cause of tax refund failure, then request reissuance: Experts

Failure to verify return, incorrect bank address are key reasons for not receiving timely refund

Does your tax liability for year exceed Rs 10,000? Pay advance tax

While NRIs are liable to pay advance tax, senior citizens with pension and interest income are exempted

Consider loss of cover, deductions before surrendering life insurance plan

If your income is likely to revive soon, consider taking a loan against the policy instead of surrendering it

Loans against sovereign gold bonds may help reduce borrowing cost: Experts

There's a five-year lock-in on SGBs and thereafter you may have to sell them at a discount, hence borrow

Don't turn complacent, consult experts if builder claims nods are in place

First, carry out the necessary checks of the plot on which the project stands

Why saving enough for retirement is difficult

Longevity risk, taxes, financial repression, unexpected high inflation, career risk, and psychological factors make it very difficult to save enough for retirement

Invest in MNC funds for exposure to high-quality businesses: Experts

Since valuations are higher in this space, a 7-yr horizon with 10% capital outlay can be looked at

Paid tax abroad? Remember to submit Form 67 and proof at earliest

If you don't do so, both processing of your tax return and refund could get delayed

Discuss family finances with your children

Transparency with your children is a difficult thing to achieve, especially in our society where money-related discussions are considered "dirty" or taboo

Slow, steady and stylish: How to decorate your dream home on a budget

From curtains to sofas, furnishings come in a wide range: here is advice on how and what to pick

Cash transactions of Rs 2 lakh plus per day could incur a penalty: Experts

This applies even to transactions with close relatives; penalty can be up to 100% of amount received

Buy zero-cost term plan if you are keen on a return, say experts

If not, stick to a plain-vanilla plan and invest the surplus in mutual funds

Zero-fee financial services can prove to be expensive

It is tempting to use zero-fee services paid for by other, financially less literate clients. But none of us is completely immune to being conned

Financial freedom for Indians: What it means and how to achieve it

Three experts explain how planning and patience can you give the cushion of savings, investments, and cash on hand

Invest in residential realty with at least a seven-year horizon: Experts

While market is on the mend, a steep increase in prices may not happen in near future

This Rakha Bandhan, gift your sister financial security: here are some tips

Here are some of the financial products a brother can gift to his sister on the occasion of Raksha Bandhan

Invest in a smart-beta fund only if you are convinced about strategy

Use market cap index-based funds in your core portfolio and complement them with smart-beta funds in satellite portfolio

Regulation is inadequate protection against greed

There also needs to be a concerted effort to educate the consumer so that she is better informed about the risks and rewards of what she is doing

Fun and learning: How technology, tradition changed India's toy story

What to keep in mind when you ask your children to pick what they want to play with

Buy a house only if you don't plan to change city and can afford it

Renting provides flexibility vis-a-vis size of the house and geography, frees up finances