Post Demonetization Scheme the maximum rumor mongering is related to the fate of Property and Gold Price. The reason being that these 2 were the most popular avenues to park the black money :). There was strong rumor that Govt is planning to limit the Gold holding per person. Later govt clarified that there is no such plan to limit the gold holding. Based on my understanding I can assure the readers that if you are holding legitimate gold then you need not worry. The only concern of gold investors is on Gold Price. Even if you are not a hardcore gold investor, financial planners always suggest ... Read More
Gold Investment – 10 Reasons Why Gold Prices Double in 2 Years
Gold Investment is not so common in India. Now you must be wondering we Indians hoard so much gold then why i am saying so. That is correct that we buy too much gold but not as a Gold investment. Mostly it is jewellery or gold coins at occasions like Akshaya Tritiya or Dhanteras. According to World Gold Council, Indians have approx 20,000 tonne of Gold. Another 557 tonne is held by the RBI. As per my understanding, out of 20k tonne, the only fraction of it would have been bought for an investment purpose i.e. Gold Investment. Purpose of Gold Purchase There can be two types of Gold Purchase ... Read More
Physical Gold – Why you should hold it for Emergency Situation
It's a universal truth that Physical Gold act as an alternate currency. Investment Advisers never suggest you holding physical gold because of various reasons. Some of the reasons are security, purity, making charges if it is jewelry etc. I am not considering returns at this moment. I personally believe that there is 10%-15% more downside from current levels due to world's economic condition. Besides alternate currency, Gold also act as a hedge against inflation. Experts always suggest investing through Gold ETF's. Recently launched Gold Monetization Scheme generated lot of interest among ... Read More
5 Benefits of Gold Monetization Scheme
Recently GOI released the draft of Gold Monetization Scheme. The general public can share their views on draft Gold Monetization Scheme on or before 2nd June, 2015. As usual my financial planner friends passed their verdict on the Gold Monetization Scheme even before it is launched. In fact, some of them also suggested whether to invest in this scheme or not. Whereas other passed judgement whether the scheme will be a success or a failure. My dear friends forgot that Govt has only released the draft of Gold Monetization Scheme. Based on the inputs from the general public, banks and all other ... Read More
Complete Guide on Wealth Tax
What is Wealth Tax? If i have to define Wealth Tax then i will say that its a direct tax on rich and the most ignored tax bucket by taxpayers in India :). Its basically a tax on the assets/wealth owned by you which are non-productive in nature. It is calculated for Indian Financial Year from 1st April to 31st March. The weird logic to levy this tax is to bring equality in society. Who is Liable to Pay Wealth Tax? Any individual or HUF (Hindu Undivided Family), whose cumulative wealth/assets exceeds 30 lacs is liable to pay wealth tax. Wealth Tax Return is filed separately from Income Tax ... Read More