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Money Thread

Discussion in 'Hangout' started by Bala, Sep 23, 2010.

  1. Aanand

    Aanand Amatore

    Messages:
    195
    Pune
    Here's one more input from a friend who read the short story at post 145 and who also read the other comments:
    Anecdotal information is that the Real Estate sector is one of the biggest contributors towards the black economy.
    Oh, and by the way, here's some more anecdotal information.
    1. In the case of a large majority of flats/apartments, conveyancing is not done / is delayed.
    2. Often, the common area remains under the ownership of the builder and not that of the society of flat/apartment owners.
    3. Same for the land on which the construction is done.
    This is in the hope that reconstruction will happen / additional FSI will be sanctioned at some later date and the builder can then reap the benefits.
    Of course all this information is merely anecdotal and is 'unconfirmed, uncorroborated and unverified'. Hence, may well be unreliable. On the other hand, it could well be (mostly) reliable.
  2. Bala

    Bala Esperto

    Messages:
    1,070
    Villupuram
    I know off 80 c,80 d, what is 80 ccd?,is this new?
    I have already availed 1.5 l deduction in 80 c from lic premiums, ppf and ulip payments, will I get additional deduction through 80 ccd if I go for Nps?
    Are there additional benefits in Nps, is Nps also new?.
  3. ghodlur

    ghodlur Esperto

    Messages:
    2,317
    Thane
    Yes 80 CCD is a new provision for availing deductions from income for contributions made to National Pension Scheme (NPS). This provision will be available only for FY 2015-16 and not for the present year. You can allocate additional 50K contributions towards NPS and claim a total of 2L (80C+80CCC=1.5L, 80CCD=50L).
    http://www.charteredclub.com/section-80ccd/

    NPS hasnt been popular with the salaried class purely for one major reason is upon retirement, the amount receivable as pension is taxable unlike PPF & PF where the amount upon maturity of the account is totally tax free.
    http://www.investmentyogi.com/planning/new-pension-system-nps.aspx
    bharath, Bala and asimpleson like this.
  4. Bala

    Bala Esperto

    Messages:
    1,070
    Villupuram
    Thanks a lot Ghodhlur,useful information.
    What is PF
    Thanks again,you just gave me the info I needed.
  5. ghodlur

    ghodlur Esperto

    Messages:
    2,317
    Thane
    Provident Fund. Usually deducted in your salary and equal amount contributed by Employer.
    bharath likes this.
  6. Aanand

    Aanand Amatore

    Messages:
    195
    Pune
  7. Aanand

    Aanand Amatore

    Messages:
    195
    Pune
    Property vs. Equity Mutual Fund vs. Gold
    Which investment is the most beneficial?
    http://www.brainpointinv.com/outlook_money/property.htm
    Be sure 'to view the transcript of the entire presentation on Property Invt vs Equity MFs Invt vs Gold Invt.'
    The data presented will surprise you.

    And, who is the person who has done this comparison?
    He is the one holding the trophy in the photos at:
    http://www.brainpointinv.com/index.htm
    Disclaimer: I have no connection / relationship / 'what have you' to this person or to Brain Point in any way whatsoever.
    ramjn likes this.
  8. ramjn

    ramjn Staff Member Janitor

    Messages:
    5,243
    Chennai
    Linea 1.3
    Thanks for sharing @Aanand. Awesome piece of information.
    Hope, the traditional investment lovers start believing in Equities after reading this. :)
  9. Aanand

    Aanand Amatore

    Messages:
    195
    Pune
    @ramjn Thanks for your appreciation.
    The data presented in the transcript was eye-opening for me too.
    Fortunately, I have always preferred Equity investments through the Mutual Funds route.
    But that was because I was always too lazy to do all the homework required for investing directly into stocks.

    By the way, here are two links from the same web site that I found to be reassuring:
    Direct Investment In Stocks v/s Mutual Funds
    http://www.brainpointinv.com/archives/2008/04/direct_investment_in_stocks_vs_mutual_funds.htm

    Best Equity Path: Save Time & Earn More
    http://www.brainpointinv.com/archives/2008/04/best_equity_path_save_time_earn_more.htm

    And, while we are at this, I might as well include this one that I found useful:
    Equity Markets And Investor Psychology
    http://www.brainpointinv.com/archives/2007/12/equity_markets_and_investor_psychology.htm
    Like you, I too hope that all this benefits our friends here.
    And, when (not if) it does, I hope they remember to offer me a beer at one of our meets.:)
    bharath and ramjn like this.
  10. Aanand

    Aanand Amatore

    Messages:
    195
    Pune
    @ramjn
    See this presentation by Prashant Jain.
    Begin listening from 04:00
    ramjn likes this.

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