Lets Share : Our Views

Get the best deal for your cash requirements! You might need cash for constructing home, wedding of your daughter, new car, medical bills, renovating home, deposits for new rentals, business loan, paying credit card dues, other debts etc.

At deal4loans.com we ensure you get the best deal in terms of rate of interest, services etc.  To get that deal we empower you with loan related information (in way of content) and provide a platform where with a single form you are able to get multiple offers from leading Banks/DSAs. This will help you to bargain more and hence get a “Loans by choice not by chance”.

Visit deal4loans.com  now to get that best deal. 

How does it work? - A hassle free process to get bids from various banks.

Compare Quotes from Different Banks & Choose the best deal.

Also get answers to your queries:-
How much loan can I get?
What is the best rate for me?
How much time would it take?
How to approach banks?

Recently my friend had a cause to consult this person practicing the Holistic cure of Siddha Therapy and it made a world of difference to her and her family. He cured her father who was in the initial stage of cancer and also cured her from terrible back and neck pain. She had undergone physiotherapy 15 times and other than providing temporary relief it was of no use. Using this therapy she is completely cured and back at work with no problems. He cured her problem through phone itself. This therapy is done only with our own hands. This can be done anywhere. Even in our work place we can sit and do this therapy with our own hands. Some patients with kidney failure and cancer patients who dropped from Apollo hospital have been cured through this medicine which is a mixture of Siddha and Homeopathy. This therapy is very useful for terminal diseases like cancer, brain tumor, AIDS and bone problems for old people. For youngsters, it is useful to relieve stress and get Peace of mind. It also relieves pain for spinal cord problems like neck ache, back ache, etc. You can find more information about this type of therapy at http://www.ihhp.net/ (website under construction). He has had lots of patients from US, Chennai, Delhi, Mumbai and Bangalore who has found relief from their disease. This is a very powerful cure and he performs this service free of charge. He can be contacted at 080-23532184 (Residence) or 09880046200 (Mobile). Please forward this to your friends, relatives and colleagues so they can use this alternate method to find a cure for their illness.

In case you need more information you can call Ms Bhuvana at 9840375891

Hope it helps someone.

Orlando Florida March 26 - 28, 2008

 Our 2008 Seminar schedule and 2008 Seminar brochure are available for review and download at www.zifa.com.

 We look forward to seeing you in 2008!

 Sincerely,

John Zachman
Sam Holcman

Income Tax Department has put on its website the list of income tax refunds
of all salary tax payers which could not be sent to the concerned persons for
want of correct address.

Salary taxpayers who have not received refunds for assessment years 2003\04 to
2006\07 can click on the link below and query using the PAN number and
assessment year whether any refund due to them has been returned undelivered
from the menu `undelivered salary refund management system'.

If any refund has been returned undelivered due to change in address, then the
taxpayer can enter the present address and the refund will be sent to the
taxpayer at the new address.

The link to the website is as under:

http://www.incometaxindia.gov.in/CCIT/refundsearch.asp

If you reserve e-ticket through IRCTC website, hereafter take the ID proof in original.  Railway Ticket checkers have started asking the original ID proof.

This problem happened to one of my friends on 15.02.2008 Friday and 18.02.2008.

He reserved e-ticket through IRCTC. While going to his native place, he traveled through train belonging to Southern Railways of Madurai division.  At the station some flying squad asked him to produce the ticket and the original ID proof.  He showed the e-ticket and the photo copy of the driving license (colour and laminated). But they didn’t accept and said the ticket is invalid without original ID proof.  Moreover, in the print out of the e-ticket below the name itself, it is mentioned that the person has to carry the original ID proof.  According to the rule he had to pay the ticket amount and a fine of Rs.150.  It is just because he didn’t have original ID, although his ticket was valid.

During his return journey also TTR collected the amount for not having original ID proof (ticket amount + Rs.150).  Fortunately, he reserved ticket only for him.  If he reserved for group of people he would have lost the amount in thousands. Same thing happened to somebody else traveling without original ID proof in that train.

Many people bring the photocopy of the ID proof.  This is a way for TTRs to get money from people.  So hereafter carry the original ID proof. 

Those who have the time, do not have the money and those who have the money, do not have the time.

Therefore, those who have the money must find time to learn how to save and invest wisely, so that by the time they retire, they will have both time and money. Otherwise, they will go into retirement with a lot of time on hand and no money to enjoy it. The problem is not just confined to the lower strata of the working population; it is prevalent at the higher levels as well.

 It pains me to see that so many people are being misled by half baked articles written by novices or are being taken for a ride by some un-scrupulous Relationship Managers whose primary aim it to meet their own targets without bothering about the plight of the investors.

When I was wondering with all the above situations, that’s when I got to attend the presentation by Mr. Anand. It’s free and very crisp and to the point and above all is not a sales pitch for any particular product. It is definitely a must for all those of my young friends who are earning handsomely without having a investment plan in place.

If you want any more clarification or want to arrange for a free 90 minutes session followed by Q&A, please visit http://fitnessfundas.googlepages.com/home . Alternatively you can contact Mr Anand on:

+91 924 650 9367

 040 6456 2364.

Partial list of presentations already made are:

Sasken (42), Wipro (24), Motorola (18), iGATE (17), Infosys (17), IBM (17), TCS (16), Polaris (13), Satyam (11), Symphony (11), Applabs (10), Aricent (7), Texas Instruments (6), Broadcom (5), Quintiles (5), HAL (5), Infineon (4), Sonata Software (4), Intelligroup (4),  Tata Teleservices (4), Sapient (3), Virtusa (3) Intergraph (3), Cognizant (3), ASCI (3), Conexant (3), Genesis (2), Verisign (2), CISCO (2), SiRF (2), Alliance Consulting (2), Ivy Comptech (2), Ion Idea (2), Bosch (2), BITSAA-Bangalore (2), LSI Logic (2), Ascendas (2), Nipuna (2), SPAN (2), HCL (2), HP, Onmobile, Ignify, Oracle, Sun Microsystems, BIMTECH, Aptara Corp, Telelogic, GE, Intuit, Lucent, nVidia, Ascendum, Sungard, Bodhtree, Pennywise Solutions, Aurobindo Pharma, Gati, Visaka Industries, Nokia, CCMB, NRSA, VST, ITC, Yash Technologies, ABB, Interwoven, Spartan Labs, Xora, Green Park Hotel, IBS, Byraju Foundation, Kyocera Wireless, Value Labs, Soa-Matrix, Dearborn Electronics, Mantri Residency, Apex Decisions, Synopsys, National HRD Network, HYSEA HR Forum, Dr Reddy’s, Cyber Towers CHIP Auditorium, Embedded Infotech, Round Table, ... (total more than 331 covering over 16,000 people)

Hope this might help somebody.

Naren

Like a tropical storm churning up the East Coast or the Santa Ana winds whipping up in parched Southern California, the teetering economy of early 2008 has legions of American workers wondering whether it’s time to hunker down or to consider evacuating to a job in a more secure career field.

To be sure, the growth of the American economy and the jobs it generates have shriveled in recent months. Gross domestic product grew at a negligible annual rate of 0.6 percent in the last quarter of 2007, an abrupt slowdown from 4.9 percent in the previous quarter, according to advance estimates from the Commerce Department. The United States may be on the verge of a recession, defined as two or more consecutive quarters of shrinking gross domestic product.

Meanwhile, US employment declined by 17,000 jobs in January 2008, after growing for each of the previous 52 months, according preliminary data from the Bureau of Labor Statistics (BLS). Recessions typically come several years apart.

Time for a Change -- or Not?

Does all of this make 2008 a bad time for you to consider changing careers, whether to lessen the impact of the economic storm, to change your line of work or for some other reason? Not necessarily, in part because recessions -- though integral to the inevitable free-market cycle of boom and bust -- are highly unpredictable in terms of when they commence, how long they last and how much damage they do to companies and their employees.

“Timing decisions is the wrong way to go, whether it’s financial markets or career changes,” says Jared Bernstein, senior economist with the Economic Policy Institute.

Indeed, there may be no reason to hold back on making a big change if you encounter a good prospect for a new career. “If you’re thinking about changing careers and you’ve got people who know you and are willing to take a chance on hiring you, layoffs are less likely to be an issue,” says John Challenger, CEO of outplacement firm Challenger, Gray & Christmas.

Of course, if you want to change careers without starting over at entry level, you may need to go back to school. A year dominated by a recession or deep economic uncertainty can be an excellent opportunity to do so. “This might be a good time to get an advanced degree or substantial training,” says Challenger.

Someone Is Always Hiring

Even when there is no net creation of new jobs, turnover spawns millions of open positions, most of which must be filled to keep corporate America’s trains running.

US hires declined only moderately in the most recent period measured, to 4.65 million in November 2007 from 4.99 million a year earlier, according to BLS’s Job Openings and Labor Turnover report. Put another way, even as the economy slowed significantly in the fourth quarter of 2007, American employers made well more than 4.5 million hires.

Wait for Economic Stimulation?

What about the notion of putting off a career change to see what sort of economic stimulus package is enacted, or who’s elected president? Many economists say you’re giving Congress and the president too much credit if you believe that in the short run they can do much to steer the $14 trillion US economy.

“Most stimulus packages are singularly unimpressive in their effect, in part because they do not get under way until the economy already is recovering on its own,” writes resident scholar Norman Ornstein on the American Enterprise Institute Web site.

And even if you thought you knew when a recession would end, that wouldn’t tell you when you’d see a favorable job market. Although economic growth typically stimulates job creation, the end of a recession usually doesn’t coincide exactly with an upturn in a weak labor market.

Keep in mind Bernstein’s perspective on trying to synchronize your career search with the ups and downs of the macroeconomy: “The professional economists get the timing wrong all the time.”

by John Rossheim
Monster Senior Contributing Writer

If we cannot love the

person whom we see,

how can we love god,

whom we cannot see?

Mother Teresa

Stamp Duty and Registration Cost can be claimed as principal repayment.

Interest paid can be deducted from your tax

Section 24 of the Income Tax Act allows you to deduct the total interest paid on your loan from your taxable income of the same financial year.

Let's see how this works with some figures.
Taxable income = Rs 350,000
Interest paid towards home loan = Rs 165,000

i. If you are residing in the house

If you actually stay in the house for which you took a loan, then the tax man refers to this as self occupied property.

In such a case, there is a maximum limit of Rs 150,000 on this deduction.

But if you have taken the loan before March 1, 1999, it will reduce to Rs 30,000.

So now your taxable income will only be Rs 200,000 (Rs 350,000 - Rs 150,000).

ii. If you have rented out the house

If you are not staying in that house but are renting it out, you can deduct the full interest amount against rental income from that house.

Let's say you earn a monthly rent of Rs 6,000.

That means an annual rent income of Rs 72,000 (6,000 per month x 12 months).  

You will be able to knock off the Rs 72,000 rent against the Rs 165,000 that you paid as interest.

The balance interest outgo of Rs 93,000 (165,000 - 72,000) will be written off as a loss against your salary income.

This will subsequently reduce your taxable income.

Take advantage of the rebate

A home loan entitles you to a rebate under Section 88 of the Income Tax Act. There is a ceiling of Rs 20,000 on this amount.

The actual amount of the rebate varies:

• If your gross total income does not exceed Rs 150,000, you will get a 20% rebate.
• If your gross total income exceeds Rs 150,000, you will get a 15% rebate.
• If your gross total income exceeds Rs 500,000 lakh, Section 88 will not be applicable.

You can include your spouse as the borrower

 Tax benefits are available to both, the main applicant and the co-applicant.

Joint applicants, who are also joint owners, are eligible for tax benefits in the proportion of their share in the loan. The interesting part is that the maximum limits of tax benefits are per assessee. So both spouses can claim benefits up to the maximum limit.

Let's say a couple buys a home jointly (each owning 50%) and take a loan for it. If the interest and principal paid for a loan is Rs 1,50,000 and Rs 60,000 respectively, each of them can claim Rs 75,000 as interest deduction Rs 20,000 as principal rebate.

For the purpose of tax planning, the spouse earning the higher income should claim the higher share to maximise his/her tax relief.

You can take more than one loan

The maximum limits for rebate and deduction still hold. They will be calculated taking into account both the loans.

What's not great about the loan

i. All benefits don't apply if the property is in another state

If the property is located in another city, not the one where you are currently residing, the rebate on the loan will not hold.

The only deduction is the interest you are paying on the home loan, which is restricted to a maximum of Rs 1,50,000.

ii. All the benefits don't apply for a plot of land

The total taxable gross income of an individual is calculated under five heads:

• Salary
• Capital gains
• House property
• Business or Professional Income
• Other sources.

A loan taken for a residential house is assessed under the head 'Income from house property'. This will be eligible for deduction under Section 24.  

But if you have taken a loan to buy a plot of land, it will be assessed under the head 'Income from business or profession'. The interest paid towards the home loan can be claimed as expenses against income.

If you don't have a salary income, the interest paid can be put as a loss under the head 'Income from house property'. This is set off against income from other heads.

Use the loan as a basis for tax planning

Plan your tax savings only after you take all the loan benefits into account, which is the rebate and the deduction.

All home finance companies and banks usually issue a provisional certificate at the start of the year. This is based on the Equated Monthly Installments payable in the financial year, with the break-up of the interest and principal paid. 

This will give you a very fair indication of how much prinicpal has to be repaid and how much interest has to be paid in that year. Accordingly, see how this translates to a rebate or interest deduction. 

Based on such projections, you can assess your income and plan for other investments -- like tax-saving bonds and life insurance -- to save tax.

At the end of the year, you will get an original certificate based on the actual EMIs paid for that year. This certificate has to be submitted along with the income tax returns to claim the deduction.