Month: November 2011

Below are all the posts archived for the month.

Section 24 Income Tax Benefit of a Housing Loan
in Tax

A house loan repayment has two components – principal and interest – and both of these components are treated differently for tax benefit calculation purposes. The principal amount is covered under Section 80C and has a Rs. 1 lakh limit. In order to claim the tax benefit under 80C the house should already be constructed,
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Buffett Interview, Free MoneySights and BRIC Internet penetration
in Links

Warren Buffett’s interview is easily the highlight of this week. There were several wow moments there, but let me just talk about a couple of them here. First is when Buffett talks about owning 5.5% of IBM and says that he has never spoken to the leadership at IBM – and that IBM will come to
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FMP Indexation Calculation and Benefit
in Fixed Deposits

I had written a post on how FMPs (Fixed Maturity Plans) compare with fixed deposits some time ago, but in that post I didn’t go into the details of indexation calculation or how the benefit accrues. In this post I will take an example of the FMP indexation calculation and that should clarify how this works.
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