Invesment releted
pankaj mahajan
(Querist) 03 April 2012
This query is : Resolved
Dear sir,
My father have retire from govt dept now he has get 18 lac rupees like pension diff ,d a diff graguaty and 6th pay amt .
now a day as per your view which is best investment source in futur get more mony with legal concept
i waiting for valuble suggetion
Nadeem Qureshi
(Expert) 03 April 2012
Dear Mahajan
we are unable to give you best advice on this matter, you should contact with any investment site or forum
V R SHROFF
(Expert) 03 April 2012
Though in Tax and Investment. I am a lay man
But I will say that
1] If you invest in FDR etc, it's interest will be added in income of this 18L & u will loose 1.8Lx 20% = app 30k
2] you have to pay high tax on VRS TAXABLE,
3] IF YOU INVEST IN FLAT OR PROPERTY, AND ALSO AVAIL BANK LOAN, SAY OF 10L, it is best
Because you get refund ot Tax paid, + your installment, interest paid on housing loan get rebate, non taxable
+ Safety and security of Property is very high,compared to high interest paying co-op bank of credit society.
Giving on Personal money lending to businessman yield good return at very high risk. U may loose entire money. Shares are too, very risky.
cnsidering all these, if u invest say 25L [incl loan] in Property, it's rising at current rate of last 2 years, , We expect the value of Flat will be 50L in another 4 years+ you get regular rent , that can be used to pay installment of 10L + small expenses.
Appreciation in property is Tax Free. , untill you sell it. So again no tax.
Income on FDR ETC IS TAXED.
APPRECIATION IS SURE AND UNACCOUNTED INCOME!! TAX FREE AND CAN REALISE ANY TIME
Deepak Nair
(Expert) 03 April 2012
Post this query in CAclubindia.com
ajay sethi
(Expert) 03 April 2012
invest 40%of your funds in Balanced funds/diversifed funds rest in debts .
since yur father mst be around 60 years old he must have 60 %in debt . however some exposure to equity is necessary for growth of portfolio
invest in Monthly income schemes wherein you get assured returns per month . some amount can be invested in fixed deposits for liquidity .
Shonee Kapoor
(Expert) 03 April 2012
Post your queries elsewhere.
Regards,
Shonee Kapoor
harassed.by.498a@gmail.com
Raj Kumar Makkad
(Expert) 04 April 2012
Munde Munde Mati Bhinna means everyone has his own opinion as everything is right.
You are the best person to decide.
