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Nomination Or Will – What You Need To Claim Ownership?

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Whenever we go to the bank for opening a bank account, banks always ask you to enter the details of the nominee. Same happens in lot other cases like buying an insurance policy etc. But do we actually understand the meaning of a nominee, all we understand is in case of death of the original owner, nominee (if any) of ... Read More »

DDA Housing Scheme 2012-13 : A Way To Get Your Own House In Delhi NCR

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Delhi Development Authority (DDA) has plans to launch a new housing scheme in 2012. As per the sources there are going to be 15,574 multistory residential flats in the upcoming DDA housing scheme which will include HIG (High Income Grade), MIG (Medium Income Grade), LIG (Low Income Grade) and Janta flats to cater the need of all type of buyers. The upcoming ... Read More »

Learn How Your ULIP Policy Works In Real Time

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Unit linked insurance plan (ULIP), is a plan which gives you two facilities in one single policy i.e insurance plus investment. Although this type of investment or insurance is not suggested by any of the experts. But many of us get into this type of investment/ insurance schemes to save tax, as it offers tax benefits under section 80C. So ... Read More »

Income Tax (IT) Implications On Gift Received In India

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Gift is something we all like to get from our loved once but are we aware about the tax implications on the same. Under Income Tax Act 1961, there are many rules on receiving gift  based on the nature of the gift and from whom the person has received the gift. As per income tax act, gift received in the ... Read More »