Finance

Real life experience and money saving tips about home loan, personal finance, credit cards and things that bank would not tell you.

Loan from public sector or private sector bank? Evaluate costs, loan process, after sales service with re-payment, pre-payment and flexibility

Government Bank Vs Private Bank Indian Loan Difference

Written by Anil Gupta
  By Anil Gupta      Updated  14 Jan, 20
 

Compare Loan from private vs public bank India. Public banks offer low processing fees, faster reduction in interest rate with RBI REPO rate reduction, no pre-payment charges and no pre-payment period restriction. Private bank have faster processing, good customer care but high interest rates and charges.

36 Finance

Unspent Per Diem is Taxable In India if brought back as cash

Written by Anil Gupta
  By Anil Gupta      Updated  14 Jan, 20
 

Unspent per diem is taxable in India if brought back and declared in ITR. Only business expenses allowed. Buy laptop, mobile, garment with cash to avoid tax.

166 Finance
Registered power of attorney for property management in India

Registered Power of Attorney In India, NRI Property Possession

Written by Anil Gupta
  By Anil Gupta      Updated  16 Dec, 19
 

Registered power of Attorney In India required if you are NRI with Indian Embassy attestation. Sample POA template to register in SDM or registrar office.

561 Finance USA
Perquisite value of company leased accomodation

Tax on Company Leased Accomodation – CLA Perquisite Value

Written by Anil Gupta
  By Anil Gupta      Updated  11 Dec, 19
 

Calculate Company Leased Accommodation tax. Complex CLA rules for income tax in easy terms. HRA vs CLA decision should be made to get maximum tax benefits.

23 Finance
Close SBI Maxgain account

How to Close SBI Maxgain Home Loan Account

Written by Anil Gupta
  By Anil Gupta      Updated  26 Nov, 19
 

Close SBI Maxgain Account by paying remaining balance + home loan interest. Stop Monthly EMI to avoid positive maxgain balance. NRI can use notarized POA.

0 Finance India
Rent receipts for HRA tax exemption India

Documents Required for HRA Exemption in India

Written by Anil Gupta
  By Anil Gupta      Updated  26 Nov, 19
 

No rent receipt required for rent upto 3 thousand per month. Landlord PAN number, revenue stamp, Rent receipt required for monthly rent more than 8,334.

3 Finance India