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

Unspent Per Diem Received Abroad is Taxable In India

 7 May, 18 

  • Unspent per diem allowance is taxable in India if you bring it back
  • Per diem is meant for daily business exoenses that you should have spent and if not, it becomes your income
  • Cash, if declared in ITR is taxable
  • You can buy personal items like laptop and bring to India instead of cash to avoid taxation

132 Finance
GPS in Smartphone

Does GPS SmartPhone Use Data – Mobile Internet Plan?

 6 May, 18 

  • GPS in smartphone uses mobile internet data if you don't have maps downloaded on smartphone
  • Google maps has offline maps feature save mobile data
  • Global Positioning Service - GPS is provided free of cost by satellite everywhere
  • Data will be used to get maps on the go with T Mobile, Verizon, At&T, Airtel, Vodafone

21 Finance
Cost of Home Apartment India - Basic Sale Price And Other Costs Explained

Cost of Home Apartment India – Basic Sale Price explained

 6 May, 18 

  • Cost of Home Apartment India is the list of hidden costs that you have to pay when you buy a private builder flat in India including BSP, EDC, IDC, PLC, EEC, FFEC, IDC, EDC and CPC
  • Club membership is charged extra along with car parking space
  • GST tax is payable
  • Power back up, electric, water connection cost

26 Finance
Avoid Sales Tax gold buying in USA

How to Avoid Sales Tax on Jewelry in USA

 4 May, 18 

  • Avoid Sales tax on Jewelry by purchasing from out of state gold shop and then ship
  • Use tax is due in your state but no tracking is done for small and medium purchases
  • Can pay in cash to avoid tracking, is any
  • Buy gold bars, engagement ring, diamonds from New Jersey and ship it your home address outside NJ/NY

0 Finance
How Jewellers Earn Money

How Jewelers make Money by selling Gold Ornaments at market rate?

 4 May, 18 

  • How jewelers make money in India is by pricing at 24 carat and selling you 18 carat gold
  • Non gold extras like paint, artificial add-ons are added to gold weight
  • Buy BIS mark gold for safe deal
  • Making, polishing, design charges are source of profit
  • Seller buys back its own gold at lower rate by deducting 10-20%

32 Finance
Perquisite value of company leased accomodation

Tax on Company Leased Accomodation – CLA Perquisite Value

 3 May, 18 

  • 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

15 Finance