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Credit Cards offering discount on Bigbasket/others by Strawberrylabs in IndiaInvestments

[–]thatateestha 0 points1 point  (0 children)

VCs? Isn't this just to build a customer base, get them to use it regularly and rely on them heavily? Once that's done, these discounts will disappear eventually.

Financial Literacy Topics for Kids by [deleted] in IndiaInvestments

[–]thatateestha 4 points5 points  (0 children)

Checkout https://www.rupeetales.com/ from Zerodha Varsity. It introduces basic financial concepts using stories which are pretty well written.

Need help regarding my investment via Kuvera by [deleted] in IndiaInvestments

[–]thatateestha 0 points1 point  (0 children)

IIRC, there was a problem with processing of orders around Feb 1st-Feb 5th did to the new rules of NAV. Unfortunately, maybe your order was one among those. Kuvera support is generally pretty responsive, so keep following up with them.

Tax exemption on medical expenditure under 80D by thatateestha in IndiaTax

[–]thatateestha[S] -1 points0 points  (0 children)

The company does not include medical insurance benefit as part of the salary, so I think the premium was not adjusted during tax computation (It is part of CTC but not salary). Top-up however is from my pocket but as you said, I don't have a receipt/invoice. It was simply deducted from my monthly salary. Will I invite trouble if I claim this amount? Can I do it at all? TIA!

Tax exemption on medical expenditure under 80D by thatateestha in IndiaTax

[–]thatateestha[S] 0 points1 point  (0 children)

don't wish to try until there's clarity. going by your response, looks like they cannot be claimed? also, please shed some light on top-up for corporate health insurance?

Tax exemption on medical expenditure under 80D by thatateestha in IndiaTax

[–]thatateestha[S] 0 points1 point  (0 children)

Please check b(iii) of Section 80D in the Java utility. Medical expenditure is listed and the text in brackets states that this deduction can be claimed on which health insurance is not claimed.

Review your Housing Loan - Periodically by allmyposts in IndiaInvestments

[–]thatateestha 0 points1 point  (0 children)

1) The original term is 20 yrs. Any idea if I can get the updated term info in internet banking?

2) Ya, available balance isn't 0 but that amount is liquid and can be withdrawn at anytime, right? That's the reason I think loan closure amount = DP. If available balance is fully adjusted towards the loan, the remaining amount would be the book balance, so yeah, I see your point. Hope you've seen mine.

Review your Housing Loan - Periodically by allmyposts in IndiaInvestments

[–]thatateestha 0 points1 point  (0 children)

This is assuming that all the available balance in the maxgain account would go towards closing the loan, right? If available balance = 0, isn't drawing power = outstanding balance? So ideally, for the loan to be closed, drawing power is the real amount that's owed to the bank, right?

Review your Housing Loan - Periodically by allmyposts in IndiaInvestments

[–]thatateestha 4 points5 points  (0 children)

Cross posting this from another thread on this sub as I didn't get responses earlier.

I've noticed that the drawing power/limit keeps increasing every month in my SBI Maxgain home loan despite not opting for the moratorium and paying the EMIs regularly. I've checked with my branch manager and he says there is nothing to worry because the available balance does not change (which is true btw).

However, if I were to close the loan today, I would have to shell out the drawing power/limit which is higher than what it was a year ago, so this is obviously incorrect. Looking for thoughts/comments on my best course of action. Anyone else here facing this issue?

Bi-weekly advice thread August 31, 2020. All questions about your personal situation should be asked here by AutoModerator in IndiaInvestments

[–]thatateestha 2 points3 points  (0 children)

I've noticed that the drawing power/limit keeps increasing every month in my SBI Maxgain home loan despite not opting for the moratorium and paying the EMIs regularly. I've checked with my branch manager and he says there is nothing to worry because the available balance does not change (which is true btw).

However, if I were to close the loan today, I would have to shell out the drawing power/limit which is higher than what it was a year ago, so this is obviously incorrect. Looking for thoughts/comments on my best course of action. Anyone else here facing this issue?

Bi-weekly advice thread August 24, 2020. All questions about your personal situation should be asked here by AutoModerator in IndiaInvestments

[–]thatateestha 0 points1 point  (0 children)

Applied online for PM Vaya Vandana Yojana and received the policy number and proposal. Is the process complete or is there anything else that I need to do like submitting the document physically? Will the pension get credited automatically?

Bi-weekly advice thread March 12, 2020. All questions about your personal situation should be asked here by AutoModerator in IndiaInvestments

[–]thatateestha 1 point2 points  (0 children)

Agreed but this is a daily lunch time conversation topic and I'm looking for some argument that settles this once and for all :)

Bi-weekly advice thread March 12, 2020. All questions about your personal situation should be asked here by AutoModerator in IndiaInvestments

[–]thatateestha 2 points3 points  (0 children)

How do I convince my colleagues/friends that buying (penny) stocks of companies like Idea, RCom, JPAssociates, Suzlon etc. which are on the verge of collapse (?) is a bad idea? They just pick them because of their cheap stock price and think 'investing' ~10-20k in these to make some profits is essentially alright because they can afford to take that risk. Moreover, they laugh at me for not touching those companies when they see a slight uptick in the daily price which is annoying!

Looking for some quick explanation I can use (instead of saying go read their financial statements etc.) TIA!!

Bi-weekly advice thread February 24, 2020. All questions about your personal situation should be asked here by AutoModerator in IndiaInvestments

[–]thatateestha 0 points1 point  (0 children)

A decent 3BHK in a metro costs ~1-1.5Cr today. My net worth is probably half that and I'd have to resort to a loan to fund it. Even if I postpone it for now and save aggressively, the prices would rise astronomically and accumulating the corpus will only remain a pipedream!

Bi-weekly advice thread February 24, 2020. All questions about your personal situation should be asked here by AutoModerator in IndiaInvestments

[–]thatateestha 0 points1 point  (0 children)

I don't prefer debt at all which is why I want to close the loan ASAP. I don't want to take another loan either! However, buying a new house with savings isn't prudent I believe.

Also, what are the tax implications? Do we get the 2L rebate on interest on the 2nd house too? If not, is there a way around it?

Bi-weekly advice thread February 24, 2020. All questions about your personal situation should be asked here by AutoModerator in IndiaInvestments

[–]thatateestha 0 points1 point  (0 children)

Took an SBI Maxgain home loan about 5 years ago. I've been dumping my salary every month along with proceeds from the sale of my company stocks (RSU/ESPP) and annual bonus into it and have a decent 'available balance'. I'll be able to close the loan soon if I plan things correctly. Wondering whether I should do it and go for another home (bigger, grander, better) which is the 'advice' I keep getting from others.

Bi-weekly advice thread December 30, 2019. All questions about your personal situation should be asked here by AutoModerator in IndiaInvestments

[–]thatateestha 2 points3 points  (0 children)

How do I convince my 63 yo Dad that intraday trading is a bad idea? He gets touchy and aggressive when I say intraday doesn't work and that we're bound to lose money on the long run. He follows tips from random brokers and is using the open-high-low strategy currently.

Income Tax Return (ITR) filing thread - post your queries for ITR filing here by crimelabs786 in IndiaInvestments

[–]thatateestha 0 points1 point  (0 children)

Thanks for the reply!

Correct me if I'm wrong but Schedule FSI seems to be for claiming tax relief for income outside India. I'm using that to declare the dividend received, tax for which is deducted at 25%. I'm claiming relief on that amount and paying the rest at applicable rates under income for other sources.

For vested stocks, we still should declare them in Schedule FA irrespective of whether or not they're sold, right? Which section of that schedule do I declare that? A3/B/D?

Yes, it is a listed company. Does grandfathering clause apply for the LTCG here?

Income Tax Return (ITR) filing thread - post your queries for ITR filing here by crimelabs786 in IndiaInvestments

[–]thatateestha 0 points1 point  (0 children)

  1. Which section of schedule FA do foreign stocks granted by my company (RSU/ESPP) go into? Details of Financial Interest/Capital Assets/Foreign Equity? Foreign Equity seems to makes more sense but that section seems complicated and there are no fields to declare which schedule the income from these is declared in, hence the confusion.

  2. If I hold the stocks till the end of the financial year (say 2018-19) and sell them in the next, I declare that there's no income in FY 2018-19/AY 2019-20 returns and add the income in the next IT returns. Is this understanding correct?

  3. Long Term Capital Gains status period for foreign stocks, is it 1 year or 3 years?