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Tuesday, July 15, 2014

Budget 2014: How much do taxpayers stand to gain?

Budget 2014: How much do taxpayers stand to gain?
The raising of the basic exemption limit by Rs 50,000 will save Rs 5,000 in tax, while the Rs 50,000 increase in the investment limit under Section 80C will help them save another Rs 15,000.
Budget 2014: No separate benefit for retirement and insurance
No separate benefit for retirement and insurance, but a bigger Section 80C will be an incentive.
Budget 2014: Tax incentives for home buyers positive for investors
The raising of deduction limit on principal and interest repayment will encourage home buying, while the green signal to REITs is a positive for investors.
Budget 2014: Best investment options under Section 80C to save tax
The PPF is an all-time favourite investment option and the Budget has only made it more attractive by enhancing the annual investment limit to Rs 1.5 lakh.
Top 4 sectors that stand to gain most from Budget 2014
Morgan Stanley, for instance, increased its one-year Sensex target by 9% to 28,800 after the Budget was tabled in the Parliament.
Quote of the week
"Prime Minister Modi is seeking more investment in India's economy, and I want British companies to provide it, and the British government to support it"
George Osborne Chancellor
Despite heavy reliance on real estate, a high income will help the Patils reach their goals

Family Finances

The Patils have found the nerve to venture into equity, but the investment is inadequate since their focus has expectedly been on real estate and debt.
Budget 2014: Achche din not here for mutual funds

Financial Planning

Have funds done a good job of investment management? They mostly have. Then why does the industry find itself at a crossroads too often?
Navigant Tech: Ankur Bhatia sets new standards in global outsourcing with Rs 12 crore venture

Money-making venture

Navigant Technologies services about 30 clients spread across North America, Australia, the UK and Singapore, and reported a turnover of Rs 12 crore in 2013-14.
Dispomed Incorporate: How Yogesh Gurjar set up a Rs 20 crore surgical equipment venture

Entrepreneurs

"We also received the President's Award for being the best small-scale entrepreneur in 1992. In 2005, I won the JRD Tata Award for being the best first-generation entrepreneur."

Financial Calculators

Plan your car
Plan your car
Car cart!
Use this calculator to find out if it is worthwhile to shift your home loan to another bank? Just enter the data and click next. It's that easy.
Home Loan Refinance
Home Loan Refinance
Should you refinance your home loan?
Find out how much you will have on retirement with different combinations of savings, percentage returns, time to go and tax rate.
People in the higher tax bracket, who preferred mutual funds because of the 30% tax implication on the interest earned from bank fixed deposits, will be the worst hit.
It is important to consider the different types of inflations and the manner in which they can affect your financial planning.
For a position of Rs 100, a broker may offer Rs 50 as margin funding at a specific rate of interest. The remaining Rs 50 will have to come from the investor.
While choosing a locker, keep in mind the location and ease of transaction. A neighbourhood branch in which one already has an account would be the best option.
Ankita Jain should identify the longterm goals of her investment portfolio. Liquidating her investments will put her long-term goals at risk.
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