The New Case For FDs
February 27, 2018 Leave a comment
You can’t run a shop without cash in the till. And in the same way you can’t get through life smoothly without a certain cushion of readily accessible cash that you can dip into as per your need. For quite a while now, readily accessible money meant various types of bank accounts, stocks and mutual funds that you could cash in fast whenever needed even as they continued to grow quietly in the background.
However, this year’s budget has changed the situation a bit on account of the 2 quotes below:
The return on investment in equity is already quite attractive even without tax exemption. There is therefore a strong case for bringing long term capital gains from listed equities in the tax net. However, recognising the fact that vibrant equity market is essential for economic growth, I propose only a modest change in the present regime. I propose to tax such long term capital gains exceeding Rs1 lakh at the rate of 10% without allowing the benefit of any indexation. Read more of this post
Here is the story of 3 wealthymatters readers. Real names are not revealed to respect their privacy.
According to a joint report by Ficci and the World Gold Council, an Indian household spends 8% of its daily consumption on gold jewellery and coins, only marginally behind medical expenses and education.
Many Indians who haven’t been abroad,tend to multiply foreign salaries by the exchange rate, compare them with Indian ones and get suckered into various job offers.However,what is rich and what is wealthy is really relative.It depends on where in the world a person comes from and exactly how well off or not so well off the person might be in his/her own society.
wealthymatters 