Tax Refunds

View quick summary Any plan for retirement must feature regular return on your investments and health coverage in case of emergencies. Most people end up investing in low return assets with deposits @3.5% to 8% only. This doesn’t suffice to cover the loss of value due to rising inflation over the years. One of the ways to ensure a tax free retirement life is buying a … [Read more...] about Buy a House to Plan for Retirement

View quick summary The three pillars of smart personal finance planning are saving, borrowing and investing. Always try and save 25%-30% of your income except if you are a retired senior citizen. You should always borrow within your limits. This will keep your financial cost low (personal loans/credit cards are high cost funds - best used only in emergencies) and will help … [Read more...] about Personal Finance Planning Guide

Filing income tax return (ITR) is a compliance requirement that needs to be attended by taxpayers every year. Most people have no clue about how it works and end up making mistakes that can take away a lot of their time and energy. There are some individuals who make the mistake of not filing the tax return itself. While a category of persons has been made exempt from tax … [Read more...] about Mistakes You Didn’t Know You Were Making with ITR Filing

In 2007, the Income Tax Department started the facility to e-file income tax return (ITR) online for individual taxpayers, under its agenda of e-governance. Today, e-filing of ITR is among the most popular facilities introduced by the government of India. In the Financial Year 2011-12, more than 16 million returns were filed online. That is 4000% growth in 5 years. However, the … [Read more...] about Adopt Efiling for Its Ease and Security

View quick summary Investing in gold is among the best options for long term needs, happiness and security. Investment in gold works both in hedge market fluctuation and inflation. Gold prices are less volatile than equities and gold gives a good return even in falling markets. Gold can be bought in physical form or in the form of ETFs (Exchange Traded Funds). It is easier … [Read more...] about Gold Investment: Top 5 Reasons for Investing in Gold