| Name: prabhat kumar
Email: prabhat.kumar@sbi.co.in |
| Message: I have a santro car and want o have an approved CNG kit fitted
into it. Will my existing insurance be valid if i dont get the RC of my
car endorsed by the RTO? Do the insurance companies agree to insure the
kit without the endorsement?
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| View Replies |
|
| Name: Pankaj Gurnani
Email: pankaj.gurnani@gmail.com |
| Message: The idea of long term investing is a good one, but only problem
is that are the avenues / instruments that allow you to invest long term
i.e for 15 to 20 years (apart from PPF), would appreciate yr reply
|
| View Replies |
|
| Name: murali
Email: muralikrishnamurthy.r@gmail.com |
| Message: What is the deprecaition rates as per the Companies Act, for
Sofware and Hardware of Computer ? please help me in this regard....
|
| View Replies |
|
| Name: Rocky
Email: mailrock@indiatimes.com |
| Message: Hi,
Let it be any organization like LIC, it should be regulated properly.
Insurance agents get more Commission by selling the policies to the
customers. And this commission is paid by the customer's amount this
should be reduced. So, that the agents shouldn't go behind
commission/money. And commission amount should be provided only if he
gives a proper services to customer with approval from the customer. There
should be some serious act which controls this. Customer invest in
LIC/Insurance for his needs but most of it is earned by the agents and
LIC.
Rocks.
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| View Replies |
|
| Name: Lakshmi Unni
Email: laksmats2003@yahoo.com |
| Message: My husband & I are in UK since 2 years & is planning to settle
here. We are having a baby in September and want to start to invest in
India ASAP,through SIPs in both equity and debt, for amounts Rs. 5000 /
Rs. 10,000.
Kindly advice on the best funds - equity,midcap or debt (am aware of the
risks involved with all). Could you enlighten me about the tax
implications of being an NRI?
Waiting for your response.
Thanks,Lakshmi
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| View Replies |
|
| Name: senthil kumar
Email: kumar94437@yahoo.co.in |
| Message: Sir, I am a government employee. Can i do intra day trading
using ICICI direct.com. My friends are teling me that government employees
are not eligible to do online trading.They are telling that it is equal to
doing another job. please help me. Thanking you sir.
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|
| Name: G.Srinivasan
Email: gsvasktg@gmail.com |
| Message: As a 75 year old senior citizen I think your Reverse Mortgage guidelines
patently protect
the lenders while indulging in euphemisms pretending to protect the senior
citizen.
1. A 15 year limit on payment is totally unimaginative. Assuming I have
your
mortgage scheme
and I happen to live beyond 90 I am faced with the dire prospect of my
payments being stopped,
when not only would I need more care but also at a time when the
inflationary spiral would have
whittled away the cash value of the lender's payments. Moreover my
property
would be in mortgage.
2. Your limit of 45 to 60% on disbursements gives the lenders the belts
and
braces to cover their risk. What role
does the NHB and the government play as Guarantor while pretending to
voice
concern on the plight of
the have nots?
3. There is no limit specified on interest rate, which is highly dangerous
for the lenders'
extortionist tendencies would be given free play. It is absolutely
essential
that a sympathetic
and socially responsible formula be evolved which is completely outside
the
ambit of the lender
if the guidelines are to serve the old and needy. If you do not specify a
limit then what is the
difference between RML and a standard home loan?
4. The schemes in other countries require the individual to pay only the
total sum paid to him without
loading the additional interest component in case of buying the property
back. This aspect reflects
the social concern and responsibility of a sympathetic national guarantor.
5. Nobody wants to lose their property which in most cases have been
bought
with the blood & swea of long years of toil. The repurchase price of the
mortgaged
property should be fixed on an equitable
formulae at the time of granting the loan so that the borrower may plan to
regenerate his cash flow
when the lender stops payments after 15 years. I am surprised that your
planners do not seem
to realise its 'back to square one' for the senior citizen. The sop that
the
borrower can stay in his
property till death has no meaning. Also the borrower should be permitted
to
invest his borrowing
to offset the interest component he would have to pay if he wants or is
forced to buyback.
6. The points I have made are not without substance in real life for
pensions, provident fund and
bank deposits schemes abandon the individual to the vagaries of rising
costs
and national
budgetary deficiencies, when he is least prepared to face them. The
ensuing
rise in property value
is his only hedge but taxes like capital gains etc make a mockery of the
realisable sale value.
None of this is in the control of the individual. The reverse mortgage
scheme should not be
equated to a commercial proposition if it is meant to offset the
disadvantages showered on the
individual in his sunset years which again is not of his own making.
7. The reverse mortgage scheme should be viewed in a larger light to curb
blackmoney proliferation.
Booming real estate values are the motivating cause for non affluent
senior
citizens to dispose off their property.
But the unimaginative tax structure that robs him of his rightful earnings
prevents him from fulfilling
his so called social obligations. The NHB should equate that loss in their
revenue to the loss if they
fulfilled their obligations by containing the interest rates on the RML
scheme.
8. I have written this knowing fully well the Government Juggernaut cannot
be moved by the puny
senior citizen in want. The net result is that I will be forced to sell my
property with all its concomitant
negatives as a better proposition than what you have outlined.
G.Srinivasan.
Kotagiri.
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| View Replies |
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| Name: Yashpal
Email: amar_fire2005@yahoo.co.in |
| Message: Up to what amount can one invest in ELSS to avail of tax
benefits and under which Section of IT Act. very poorly maintained site
and only superficial information
|
| View Replies |
|
| Name: Akhilesh Kumar Mishra
Email: akhil11792002@yahoo.com |
| Message: hi,
i start to startup a cunsultancy firm for selling of
different Mutual Fund and Insurance policies. How to set up the firm and
wat are the procedures
Pertains to : Retirement Planning
Date Of Article : 12 Jul 2000
|
| View Replies |
|
| Name: pichappan
Email: pichappan.chidambaram@db.com |
| Message: Hi,
Pls let us know as a NRI, I can file a return. I have PAN number with me.
thanks & regards,
pichu
Chidambaram Pichappan,
PCB ITO / Operations IT / IBS / PBC India
Singapore : Tel +65 6423 6085, Mobile +65 91721702
India : Tel +91 22 67146211
|
| View Replies |
|
| Name: jk
Email: jk_jkr@rediff.com |
| Message: Sir,
I have a trading a/c in ICICI Direct. Can I invest in SIP MF through it
|
| View Replies |
|
| Name: jk
Email: jk_jkr@rediff.com |
| Message: Sir,
25. I want to invest in Tax Saving mutual fund schemes.I want to know from
where can I purchase existing funds, from the market or from the mutual
fund company,which will be cost effective,whether I will have a lock-in
period of 3 years or not
|
| View Replies |
|
| Name: ravi
Email: ravi_sor@yahoo.com |
| Message: sir ,
24. i am in highest tax bracket.
i want to know wheather i can form a trust in the name of my child to
lower tax burden?
and if yes, then how much i can donate every year to trust to show as
deduction?
and time required to form a trust and registration with income tax dept?
|
| View Replies |
|
| Name: harjeet
Email: har_jee_t@rediffmail.om |
| Message: I am a salaried (16000/-month) person. I want to invest 500/- month each
in two SIP's for one year. Also i want to take tax exemption on the amount
which i get after one year. Please guide me whih SIP's is better for
me.Whether i get tax exemption or not. If not then where i would invest.
|
| View Replies |
|
| Name: Shrikant Shrinivas
Email: shri.shrikant@gmail.com |
| Message: I want to apply for a PAN Card online.
They ask for the Ward/Circle, Range & Commissioner Details under the
Assessing Officer. I am not able to find this info, neither in the Income
Tax Website , nor from their call-center, and if I try calling up the IT
office, either the phone no doesn't exist or nobody picks the phone.
I am a non-salaried person who just needs a PAN number to dispose off some
shares held in my name. And I stay in Villivakkam - Chennai 600049,
TamilNadu.
22. With great difficulty I managed to find the AO code from the "Jurisdiction
of Assessing Officers" Link in the incometaxindia.gov.in site.
But I am not sure about that either.
Could you help me out with this and also the earlier requested info, i.e.
Ward -Range and Commissioner details.
Criteria chosen by me to determine Assessing Officer were:
Chennai City >> Others (Territorial) >> 600049-Villivakkam >> Income <
200,000 >> First Alphabet - S, and the following was the details of the Assessing Officer located by this process.
Assessing Officer : 1
Designation ITO,WD XIV(2), CHENNAI
Building SHAFEE MOHAMMED BUILDING
Address 15, SHAFFEE MOHAMMED ROAD
CHENNAI
600006
Many thanks for your kind assistance in this regard.
Shrikant Shrinivas
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| View Replies |
|
| Name: rohith reddy
Email: rohithreddy_k@yahoo.co.in |
| Message: What kind of mutual fund will be good for me to opt for and from which
company
|
| View Replies |
|
| Name: viswanathan
Email: viswanathan.be@gmail.com |
| Message: Hi,
19. Wrt Liquid Funds, pls. explain
1) how it works and which stocks constitute a Liquid Fund.
2) What is the mimimum lock-in period.
3) Can we invest for short term (say 3 months) in a Liquid Fund
4) What are the returns
5) Pls. recommend some good Liquid Funds
|
| View Replies |
|
| Name: deb
Email: debjyot71@sify.com |
| Message: Can I get Tax rebate u/s 80c or 80CCC on Life Insurance policies - ULIP
policies without LIFE cover ? I think without life cover it is simply an
investment in the money market.
|
| View Replies |
|
| Name: prasanta
Email: prasantakb2007@rediffmail.com |
| Message: I want to purchase a plot of land in my home town. What are the land
papers should I asked to my land owner from whom I am going to purchase
the land to submit me? How could we know that the plot of land is free
from any kind of loan or mortgage which might be taken/given by my land
owner? Please guide me.
|
| View Replies |
|
| Name: .
Email: rathm2002@yahoo.com |
| Message: How can i put my earned lic pension cheques of 12numbers with any MF
offering organization to go for a sip for better return for long term as i
will be entiled for entire life and my wife too get the facility.
personally subitting cheques in the bank every months or within 3months
may not suitable. I need the work to be done by the organization with whom
i tie up for growth of my money in ten years long time
|
| View Replies |
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