My parents are senior citizens. All their savings bank accounts and FDs are in their joint names. There is no nominee. Can I add my name as a nominee even if I don't have an account in their bank? Yes, your names can be added as nominee to the account even if you do not have an account there. No additional documents are required.I paid the premium for two insurance policies through NEFT. One transaction failed but my account still showed three debits. My bank said the failed transaction would be reversed in two working days. It has not happened. What should I do?In the case of failed transactions, the amount is usually credited back to a customer's account within 48-72 hours. If there has been a delay in reversing the amount, you should approach your bank. If you don't get it resolved at the first attempt, refer to your bank's website on how to escalate your complaint to higher authorities.I'm a retired senior citizen and most of my savings are in bank FDs. I have to pay tax on interes

Mutual Fund: Jairam Sridharan

Business Standard

The Golf Course Extension Road has emerged one of the sought residential corridors in Gurgaon. While not priced as high as the neighbouring Golf Course Road, it offers multiple apartment options for the upper-mid segment moving up the value chain to luxury housing options.This residential corridor has seen 18,300 residential apartment units being launched and many of these are in advanced stages of construction. About 7,000 residential units have been delivered here, with another 7,200 slated for completion by the end of 2016. This residential market has a good mix of end-users, as well as the investor segment, offering healthy capital appreciation. This has also resulted in a healthy secondary sales market in this corridor.Consistent increase in prices has caused sales to dampen. Besides, the overall slow market for high-ticket sized apartments has impacted sales velocity in this corridor. However, some older projects have done reasonably well and the unsold inventory is not that high

Myriad options for mid-to-luxury housing segment

Ravi Venkatesan

Interview with Chairman of Social Venture Partners & partner at Unitus Seed Fund

Returns will take longer: Ravi Venkatesan

Impact investing can put your money to good use by giving a return while making a difference to people's livesAccording to the Asia-Pacific Wealth Report 2015 by Capgemini and RBC Wealth Management, issued last week, a little more than two-thirds of the high net worth individuals (HNIs) surveyed among the 23 markets in the Asia-Pacific want more social impact support from their wealth managers.Claire Sauvanaud, senior vice-president, Capgemini Financial Services Global Business Unit, APAC, says: "The demand for advice is highest in China, Indonesia and India. Since a large number of HNIs seek advice from family and friends, wealth managers can involve entire households in social impact discussions."Wealth managers in India agree their HNI clients are increasingly seeking advice about impact investing. But, support in terms of structured investment options or formal advice is still not available, as it is a new concept.Arvind Bansal, head, products & advisory, Avendus Wealth Managem

Earning while doing good

Investors can increase commitment when the PE ratio of the index is below 16 and lower it when above 23

Playing the index on valuations

Gold investment: ETFs can be a better option than bonds

An SIP in a mutual fund averages buying cost and protects downside

Get tax relief on second house if not on rent

Many people, with a second non-rented property, resign themselves to the fact that they have to pay income tax on the amount that they have supposedly received. This amount is the higher of the municipal rates and the market rate of a similar property in the same locality. But there is a way out. According to tax experts, if you have not rented out the property and can provide sufficient proof that you tried but did not get a tenant, the taxman may give you relief.   If a person has tried to let out the house but failed to do so despite genuine efforts, he or she can claim deduction as vacancy allowance under Section 23(1)(c) of the Income tax Act. "To ensure that such claims are accepted, a person needs to preserve the proof of efforts made. For example, a clipping of an advertisement in a newspaper, listing details of the house on property websites, and pictures of signboard that was used to advertise," says Vishvajit Sonagara, founder, Quicko.com, a website that offers Income Tax re

Click on graphic

Business Standard analyses one family's finances and suggests a way forward

Case study

Realty check: Budget: Rs 2 - 2.5 crore

Business Standard brings you a snapshot of average current rates and unit sizes in localities that offer property in a price range of Rs 2-2.5 crore

Home insurance covers more than structural damage

It includes damage to electronic gadgets, theft of jewellery while travelling, loss or death of pedigreed pets

Today, Kuldip Kumar, partner and leader (personal), Tax PwC India, answers your questions

Readers' Corner: Taxation

Consumer Protection Act provides for both civil and criminal proceedings

Flouting consumer court order can land you in jail

Better deal for your four-wheeler

Online platforms can help buyers and sellers get a fair price and assurance on the car's health

Avoid under-construction property

If you are buying to stay, go for ready-to-move in property

Debt funds might be back in focus once the cycle of rate cuts resumes

Rate cut on the anvil?

Tax-shield your retirement corpus

Strategies to maximise returns on portfolio during golden years

A labourer works at the construction site of a residential complex in Ahmedabad

Buyers might partially lose the benefit available on the interest portion of the loan

Housing construction delays can cost you tax deductions

Image via Shutterstock

Returns are capped, since their objective is to avoid loss

Limited benefits from capital protection funds

Festive discounts elude retail borrowers

When the home loan rates are hovering at 9.75%, this would sound like a consumer-friendly proposition

Cheap teaser loans can be very expensive

Located between Mumbai and Pune, Lonavala has always been a popular destination for a weekend and a second home for both cities. It is likely to become a satellite town for both Pune and Navi Mumbai in the future. Given the economic activity and employment generation in Navi Mumbai, Lonavala can mature from a weekend getaway into a residential investment hotspot and end-user-driven market. Once the Navi Mumbai international airport becomes operational, Lonavala would benefit from excellent air connectivity.Due to the demand for training centres from corporate houses in Mumbai and Pune, Lonavala is already home to several corporate training centres.Lonavala has excellent boarding schools, spiritual retreats and alternative medicine centres, and is also a well-established senior living destination. The town has become a preferred choice for celebrity events and conferences, and is also a popular venue for marriages.A number of young families have made Lonavala their home, since it offers

Page 32 - Investment