Budget 2012 –Not Bad!

Not Bad !! I think that about sums up the reactions to the annual light and sound show – The Budget. Given the financial constraints under which the Government was operating, the market was expecting some big taxation measures. The increase in service tax and excise duty from 10% to 12% was more or less […]

Read More

Living-In? Can They Have a Joint Home Loan?

A conversation in 7:12 Ladies Special aroused my curiosity (though eavesdrop is not the done thing but couldn’t help the jam packed compartment) as it revolved around buying a flat. Nothing unusual in two friends discussing it. I figured out that one them was a banker with whom the other lady was trying to know […]

Read More

Excess Interest Carry Forward?

Hi , I paid following interest in years mentioned below . Financial Year EMI Interest Component (Rs) 2007- 2008 1,80,000 2008- 2009 2,25,000 2009- 2010 1,75,000 2010- 2011 1,10,000 2011- 2012 75,000 Can i carry forward excess (above 1.5L)interest paid to year 2011 -2012 , same way we do for pre-emi , i got the […]

Read More

Do you need an Umbrella now?

“Interest rates peaking!!!” “Inflation still high, Interest rates may go up further “. All of us have been subjected to these conflicting headlines often on the same day and sometimes even on the same page of the newspaper. Economists just cannot seem to make up their minds on the immediate direction of interest rates, reminding […]

Read More