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

Case study

Business Standard

Hyderbabad real estate has been a hot topic in investor discussions through the long-drawn Telangana issue and after. The city's real estate market continues to be viable because of its strengths in the information technology (IT) sector. The focus area for property investors is emerging locations, which offer lower price points and a good appreciation potential.Suchitra Junction or Suchitra Circle is one of the fastest growing suburbs of Hyderabad. Adjacent to the National Highway-7, this area is emerging a residential hub on Bowenpally-Medchal Road, which further connects Kompally to the business district of Secunderabad.As Secunderabad is already an established market, the supply of new projects is very low with just a few developers active. Bowenpally-Suchitra Junction is a good option for people who want to escape the daily traffic woes that the city faces. Investors and end-users are moving towards the peripheral areas of the twin-city as these suburbs offer a variety of options

Offers affordable options, good connectivity

Mere acceptance of the amount without recording satisfaction will not act as a hurdle to claiming the balance amount

Complaint can be filed if amount accepted isn't satisfactory

The focus on financial asset investment, with a number of practical measures set in motion, makes this Budget special

Jaitley shows the path to acche din for the middle class

Union Budget 2015: The govt has to address many tax exemptions that are archaic and out of sync with ground realities

A Budget 2015 wishlist from the common taxpayer

I want to buy a second-hand car. Will I get a loan for it?

Readers' Corner: Jairam Sridharan

It is widely believed that the coming Budget will change the view on arbitrage funds and classify them as debt funds

Please don't tax arbitrage funds retrospectively

The never-ending wait for encashing demand drafts is long over, you can now get it done in just a few hours

Demand drafts to online transfers

The higher of the reckoner rate and agreement value in the first agreement is taken as the sale value for computing capital gains. Read on to know how it works...

How changes in ready-reckoner rates impact your tax outgo

Kuldip Kumar, executive director (tax & regulatory practice), PwC, answers your questionsMy mother had a fixed deposit (FD) with a public sector bank, which failed to deduct the TDS (tax deducted at source) before March 31. So, it did not reflect in her tax certificate. Although the bank subsequently deducted the TDS, she got a notice from the income tax department to pay tax. What should she do?You have not mentioned whether your mother had taxable income in that year exceeding the threshold limit of Rs 2 lakh (Rs 2.5 lakh if her age is between 60 and 79; Rs 5 lakh if she's above 80 years. Also, did she file the tax return? If so, she would have considered the FD interest income in her taxable income and paid taxes due on the same while filing the return. If she included the FD interest and also considered the tax which the bank had deducted subsequently, then check your Form 26AS and provide the copy to the tax authorities as proof. If the tax deducted by the bank is not reflecte

Taxation: Kuldip Kumar

The Thane suburb now has integrated townships and high-rise towers, and its commercial real estate sector has progressed in tandem

Ghodbunder Road offers range of affordable & premium properties

When a bank officer colludes with a party to commit a fraud, the victim is entitled to claim compensation from the bank for the loss caused. But what happens if the fraud is prevented and no loss is caused? In a landmark ruling, the National Consumer Disputes Redressal Commission has held the consumer would even then be entitled to claim compensation for mental anguish and harassment.Tara Singh had a motor cycle, financed by HDFC Bank. The loan dues were Rs 2,60,426, when he decided to sell the vehicle to Sakartar Singh for Rs 7,82,500, payable in three instalments - earnest money of Rs 2,60,426, first instalment of Rs 2,42,074 to be paid to HDFC Bank to clear the dues and obtain a no-objection certificate (NOC) and other documents from the bank; and final instalment of Rs 2,80,000.Sakartar wanted to cheat Tara and get the vehicle transferred to his name without paying for it. So Sakartar (the purchaser) impersonated Tara (the seller). The fraud took place with the help of Sandeep Sing

Bank liable for unsuccessful but attempted fraud by employee

Foreclosure norms could be different from those of regular home loans. Also, if construction is not completed within the stipulated time, the rate could increase. Check these and other issues

Loan for residential plot comes with conditions

The amount may range from $10,000 for a holiday to $250,000 under the Liberalised Remittance Scheme

Know your forex limits before going abroad

Three-year policies will be introduced only for two-wheelers now; it might be extended to cars later on

Longer-term motor policies could be cheaper

From the late 1970s to the early 1990s, Indian Airlines had to take permission of the Gujarat High Court every time it wanted to revise airfares, recalls T V Dorairaj, retired general manager. This was due to a writ petition by consumer activist Manubhai Shah.The life of air passengers was  different in the 1970s. There were only two airlines - Air India (only on foreign routes) and Indian Airlines (monopoly over domestic routes) - and fares were fixed, irrespective of when you bought tickets."Passengers booked in advance for seat availability, bu not for the price. The ticket price remained the same whether you booked one day before travel or a month earlier," says Devesh Agarwal, editor of aviation blog Bangalore Aviation.Formed in 1953 after the merger of eight private airlines, Indian Airlines largely flew Dakota planes and because of range restriction, it did hop flights between two destinations. Caravelle, its first jet aircraft, was introduced in 1965. It was in the 1970s that I

40 Years Ago...And now: Air travel - Fixed fares to dynamic pricing

Buy at dips if market corrects significantly

Gearing up for an event

Budget: Rs 1 to Rs 1.5 croreBusiness Standard brings you a snapshot of average current rates and unit sizes in localities that offer property in a price range of Rs 1 crore to Rs 1.5 crore. If you are looking at buying real estate and your budget falls within this range, an idea about prevailing rates would come in handy

Page 44 - Investment