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Showing posts from October, 2015

Why real estate investment beats the stock market

Real estate investment provides more stability and can also deliver a continuous income stream, and this is why it attracts more investors. The stock market has always played the role of a barometer to the economic mood of a nation. Real estate is one of the prime elements in the latter context. In fact, an interesting and important relationship exists between real estate investments and the stock index. While both offer a profitable investment opportunity, both also carry risks that complement each other. A common belief has been that the profit margins associated with stock investment has been higher when compared to alternative asset investments. Stocks are liquid and flexible, whereas real estate is not. Also, stocks offer growth rates that real estate investment can rarely match. Lastly, stocks are also easier to acquire and operate than buying a property as investment. Investment property also includes several added elements like insurance, maintenance, taxes, legal fees, broker

How to track TDS Refund

The 'Refund Banker Scheme,' which commenced from 24th Jan 2007, is now operational for Non-corporate taxpayers assessed in Delhi, Mumbai, Kolkata, Chennai, Bangalore, Bhubaneswar, Ahmedabad, Hyderabad, Pune, Patna, Cochin, Trivandrum, Chandigarh, Allahabad, and Kanpur. In the 'Refund Banker Scheme' the refunds generated on processing of Income tax Returns by the Assessing officers/ CPC-Bangalore are transmitted to State Bank of India, CMP branch, Mumbai (Refund Banker) on the next day of processing for further distribution to taxpayers. Refunds are being sent in following two modes: RTGS / NECS:  To enable credit of refund directly to the bank account, Taxpayer.s Bank A/c (at least 10 digits), MICR code of bank branch and correct communication address is mandatory. Paper Cheque:  Bank Account No, Correct address is mandatory. Taxpayers can view status of refund 10 days after their refund has been sent by the Assessing Officer to the Refund Banker - by e

How Bank Loan EMI may also come down. What is this rate cut means actually?

Santa: I have heard recently that Mr. Rajan has reduced Repo Rate by 50 basis points and everyone is saying that this is good for the market. Loan EMI may also come down. What is this rate cut means actually? I want to understand this. Banta: To understand this you first need to know, how does a bank function. Santa: Why? Banta: Because all these are inter-related. Tell me – what does a bank do? Santa: Bank takes money from depositors and gives loan to earn interest. That way they keep everyone happy and make a profit also. Banta: Correct, but there are more to it. Let me explain this in a very simplistic way. Bank needs money. Bank can get money from depositors like you and me and also from RBI. But bank also needs to pay certain interest to us and also to RBI. Santa: Ok. Banta: Let us try to understand first – what happens when we deposit, say, Rs. 100 with a bank. Santa: I know that. Bank gives that Rs. 100 to someone who needs a loan. Banta: No, it is not that simple. Remember, th

How to get online latest Property ownership Docs of INDEX 2 & registered documents in all major cities of Maharashtra.

Users can apply for Index 2 reports online using government site and do not need to visit the sub-registrar's office to obtain the document. The government site can provide details on Index 2 document, transactions search report, and a copy of registered documents. Users will be able to take a print of the Index 2 document but all users might not be able to download the extract 2 document. The manual process to process transaction search report and Index 2 takes around 1 week. However, through this site, users can download these documents easily provided they know the required details. The below site can provide details on properties that were registered between 2002 and present. Procedure to download index 2 document Visit the  link  (https://esearchigr.maharashtra.gov.in/testingesearch/wfsearch.aspx) Select "Document Number" option on the left hand side. Select "District" in which the document was registered. Select "SRO"- office where