Page 3 - Readers' Corner

Readers' Corner: Mutual Funds

Rajiv Anand, executive director, Axis Bank, answers your questions

Readers' Corner: Life Insurance

Amitabh Chaudhry, managing director & chief executive officer, HDFC Life, answers your questions

Readers' Corner: General Insurance

My daughter's wedding is being held at a resort in Goa next month. I am paying for the guests' travel. Will the event insurance for the wedding also cover any travel-related problems, like flights getting cancelled, etc

Readers' Corner: Taxation

I want to know whether the provisions of deemed let-out of house property will be attracted if my partnership firm has invested in one or more house/s

Readers' Corner: Banking

Rajiv Anand, executive director, retail banking, Axis Bank, answers your questions

Readers' Corner: Taxation

Kuldip Kumar, partner and leader, personal tax, PwC India, answers your questions

Readers' Corner: General Insurance

My company's health insurance covers my father, a senior citizen. I am paying additional premium and claiming tax benefit on it

Readers' Corner: Mutual Funds

Do debt mutual funds offer fixed returns, like bank fixed deposits (FDs)? What is the advantage of debt funds over FDs?Investors can look to create long-term wealth with mutual funds (MFs). Within the debt fund category, fixed maturity plans offer tax-efficient returns. In general, debt funds offer the benefits of professional management, long-term returns, better tax efficiency and liquidity.Some years back, I had made a lump sum investment in an MF, but did not do the KYC (Know Your Customer) requirement. Now, I have MF investments for which I have done the KYC, according to the current rules. Is this enough to redeem my older investment or will I have to do KYC for that particular fund?The KYC requirements are to be fulfilled for investment purposes. In the case of redemption, you simply need to fill the redemption form and submit to the nearest asset management company or CAMS office. The redemption form is very easy to fill and all you need to put is your name, folio number and th

Taxation: Kuldip Kumar

If my father pays my child's school fees, can he claim tax exemption for it?Under Section 80C of the Income Tax Act, an individual can claim deduction against payment of tuition fees to any university, college, school or other educational institution in India for the purpose of full-time education of his two children. Since the Act prescribes that the payment is to be made by an individual for his/her children only, the payment of school fees of grandchildren will not be allowed as a deduction in the hands of your father.I transferred my house to my married daughter. She sold it and bought another flat with that money. Will she be taxed on inheriting the flat or selling it?There is no inheritance tax levy or gift tax in India. Further, gifts from close relatives are also not taxable in the hands of recipients and accordingly there is no income tax liability on your daughter when you transferred the flat in her name. However, when your daughter sold the flat, any gain arising on the sam

Readers' Corner: Life Insurance

My wife and I both want to buy term plans. Should we buy a joint life policy or separate ones?

Readers' Corner: General Insurance

K G Krishnamoorthy Rao, managing director and chief executive officer, Future Generali India Insurance, answers your questions

Readers' Corner: Mutual Fund

Nimesh Shah, managing director & chief executive officer, ICICI Prudential Asset Management Company, answers your questions

Readers' Corner: Taxation

I shall retire next month and expect a pension of Rs 40,000 a month. I also have investments in fixed deposits and receive interest income

Mutual Fund: Nimesh Shah

Nimesh Shah, MD & CEO, ICICI Prudential Asset Management Company, answers your questions

Readers' Corner: Life Insurance

Amitabh Chaudhry, chief executive officer at HDFC Life, answers your questions

Readers' Corner: Mutual Fund

Nimesh Shah, managing director & chief executive officer, ICICI Prudential Asset Management Company, answers your questions

Readers' Corner: Taxation

Kuldip Kumar, partner and leader, personal tax, PwC India, answers your questions

Readers' Corner: Life Insurance

Amitabh Chaudhry, managing director and CEO at HDFC Life, answers your questions