Mutual fund SIPs can be for long-term and short-term goals
iStockPhoto I am 37 and earn Rs. 12 lakh per annum. I have a pure-term insurance of Rs. 50 lakh from LIC and health insurance ofRs. 10 lakh from National…
Policy terms can’t be changed during free look period
iStockPhoto What are the important riders that can be bought with a basic term life plan? —Kunal Gupta Common riders available with a term life plan include: accidental death, permanent…
Cash received as gift from some relatives is tax exempt
iStockPhoto I had gifted Rs.2 lakh to my spouse, with which she bought some shares. Who will pay the capital gains tax on the sale of these shares? —Kalpesh Dhar…
Sale proceeds of non-farm land can be remitted by NRIs
iStockPhoto I’m a non-resident Indian (NRI) living in Germany and have inherited a piece of non-agricultural land in India. I am going to sell it soon. Can I repatriate the…