9 financial tasks to do when a parent dies

THE ECONOMIC TIMES Tue, Jul 11, 2017 | 06:33 AM IST ET Wealth Newsletter

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9 financial tasks to do when a parent dies Final goodbye to a parent is a hard thing. Yet, it is critical to take a financial reality check and you, as progeny, are the best suited to do it. How to file income tax return for FY2016-17 From checking Form 16 to calculating taxable income, here is all the information you need to file your income tax return for FY2016-17 Financial decisions your parents should take in their old age Here's a list of eight important financial decisions you should help your parents with in their old age before it is too late. GST basics: 7 misconceptions cleared Rumour mills are on an overdrive since the launch of GST. This reality check by ET Wealth will help you understand what GST really is, and what it is not. From our Partners Samsung QLED vs OLED - The Better Picture Watching television today has become more than just a usual form of entertainment. It has become an experience of its own. From our Partners Got a query on GST? Ask from experts now Why bank lockers are better than home safes The RBI has stated that banks will not compensate if the contents of the locker are stolen or damaged in a natural calamity. How to calculate capital gains and tax liability on inherited property There is no tax liability at the time of inheritance. However, any profits made on the sale of inherited land are taxable as capital gains. Why analysts are betting on these select IT, pharma stocks despite industry downturn Some mid-cap firms and stocks from the IT and the pharma sectors are positioned to take advantage of the current environment. Find out which ones. 7 things you can do with a budget tablet for optimal usage If you own a budget Android tablet, chances are that you have just kept it aside owing to its limited performance capabilities or because you upgraded to a better one. From our Partners Have Rs. 500 in your Account; Invest in Mutual Funds now with ET Money A complete investing solution for smarter generation; Invest in Mutual Funds, Manage Expenses & Buy Insurance online From our Partners All you must know about GST It is a platform created to understand and solve issues pertaining to the Goods & Services Tax.

Financial Calculators Tax Impact Calculator This tax calculator will help you estimate your tax liability. Just input your personal income details and know how much you would be liable to pay. Home Loan Refinance Should you refinance your home loan? 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. More Calculators

Are value-added benefits of health insurance worth considering? Here's a look at the some of the most common value-added benefits offered by health insurers, how they work, and whether they are useful. How to prevent inflation making you poor in your retirement years Retirement is not an event but a stage of life that could last decades. Most make serious mistakes in managing post-retirement finances. Mutual Fund Portfolio Doctor: Doubling SIP could help Kiran meet financial goals Portfolio Doctor will help you analyse the performance of your mutual funds and their suitability for your financial goals. Why your parents should create a will A will helps them to decide who they want their assets to go after their death. In the absence of it, assets will be divided as per law. Why doctors need special financial planning Doctors need an investment strategy to preserve wealth after crossing the age of 60 instead of taking aggressive investment decisions. How to get a forex card A forex card is a safe option to carry while travelling abroad. It is very easy to obtain it and can be bought from any authorised dealer or bank. We expect significant revival in earnings in the coming year: Ravi Menon, HSBC Global Asset Management "If you have not achieved your target in terms of tenor and returns, then stay invested," says Ravi Menon CEO, HSBC Global Asset Management. Four-step guide to switch from low fixed income return products to equities It pays to take the mutual fund route to invest in equity. Your investments will be monitored by experts, allowing your wealth to multiply over time. What makes Franklin India Bluechip Fund a quality large cap offering Franklin India Bluechip is a large-cap focused fund with a healthy long-term track record of outperformance. How joining a startup can help youngsters shape their career The atmosphere in a startup is supercharged. Innovation is the motto and team members are constantly trying to create new products and processes. What is 100 minus age investment allocation rule? One should take 100 and subtract the current age, the resulting number is the percentage that must be allocated to equities. Indian parents confident of children's success: Report As per the HSBC's Value of Education survey, 71% of parents planned their child's education even before the child started primary school. Alternative investment returns monitor: For the week ending July 5, 2017 Here's a weekly tracker of returns from alternative investment avenues such as: Diamonds, Precious Metals, Wines and Coins.

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