Which is the best home loan? Advice from financial guru Harsh Roongta.

Do not game the system to run away from repaying the money you owe to the credit card company.

'The counting machine beeped, indicating a counterfeit note.' 'When the teller started tearing it, my nephew stopped him and asked him: Under whose authority was he destroying it, how did he know that the note was fake and if a genuine note gets destroyed, how will he be compensated?' Harsh Roongta explains the process if you have a counterfeit note.

Speculation is rife that the Centre can take draconian steps such as mandatory e-passbooks for all real estate holdings and compulsory checking of every single safe deposit vault.

'Many theories are doing the rounds on how to declare unaccounted income.'
'One of the more interesting ideas I have heard,' says Harsh Roongta, 'is that the tax payer can state that he found the currency notes in a bag on the street.'

After coming into effect, the Real Estate Regulation Act will ensure that developers are unable to take home buyers for a ride

Prompt refunds have been made for small amounts. For larger amounts, time has been sought till March 2018

A lot of people are hesitant to use this route because of the heavy turnover of these assistants.

Interest on NRE accounts is tax-free, but the I-T department creates hurdles to tax these accounts.

On maturity, 40 per cent of the accumulated corpus can be withdrawn tax-free.

Look at gold bonds or gold monetisation scheme instead of buying physical gold

The government has not done its homework or made any attempt to forge a consensus on this matter that affects millions of people in the organised sector, says Harsh Roongta.

Banks will introduce hybrid home loans with stiff penalty on prepayment and shifting.

The 40 per cent exemption benefit is applicable only for employees.

The government has become used to accounting for TDS as its income even though it knows a significant portion needs to be returned as refund

Section 54 provides a tax-free method to convert unaccounted money into accounted money, says Harsh Roongta.

If you are one among the millions of existing borrowers who are paying a higher interest rate compared to new borrowers of the same bank, make your shift now, before prepayment charges make it more expensive.

When you pay by cash, the pain is the highest and when you pay by credit card, the pain is reduced considerably.

When the bull run begins its march again, it will really be different!

The average rate of rupee depreciation vis--vis the dollar over the last 20 years is around 3.50 per cent per annum