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Q31 : Posted by v.k.srinivas
pl guide me to raise a loan to contract a sand quarry .
amount wanted is up to 70,00,000/-
quarry for operation is up to 25 acres on the river basin
Reply (Sunil Gandhi) : Send me more project details or contact at gandhiji@vsnl.com for further discussion.
Q32 : Posted by Nverma
Iam in defence, 33yrs, with family. I put in 6000 in PF. PLease advice me on other investment options. Iam a minimum risk taker . I am more or kess seeking invest and forget type of options. Keeping in view the inflation and downward trend of interests what percentage of salary would you suggest me to invest for medium and short term goals. PL. advice keeping my defence background.
Reply (Sunil Gandhi) : There are ICICI Safety Bonds, RBI tax Free bonds for investment with safety.Post office schemes are also good like NSC.If u want to take little risk deeply discounted Mutual funds schemes are also a good bet.Insurance policies are also good if you are not adequately insured.Take some risk in this young age.
Q33 : Posted by sanjay purohit
How much we have to deduct from the sub_contarctors bill in construction co as Tds
Reply (Sunil Gandhi) : 1.2% from the Sub Contractor.
Q34 : Posted by jignesh
hello sir,
i have bought 10000 shares of penta soft technologi i in rs.36 now today its price is rs.29 so please tell me what to do is to sell that shares or i have to stay
Reply (Sunil Gandhi) : AT the prrsent you can stay invested. Prices are likely to improve once the war clouds are clear.Company is also performaing well.Yopu will get chance to book profit.
Q35 : Posted by Basil Rodrigues
I wish to build a house for self & fly.
Can you tell me where to apporach for finding the
amount required for the purpose? The best options
available. I may need space of around 1800 sq.feet
Both of us are employed, yet it may not be possible to get anything from our employer at present. Please give some clue, how to do it.
Looking forward for a reply from you. Basil.
Reply (Sunil Gandhi) : Best option for you to approach any of the banks or HDFC for housing finance. Housing finance now a days is easily available with low rate of interest.With you income tax papers these banks will advice you and fund you for your house.
Q36 : Posted by Amit
what is your current recomendation for diversification of Portfolio. Nothing in India seems to be without flaws. Share market suffers from insider tradings and crashes off and on. No one believes that 10-15%/anuum is a good kill. There is no control on companies. Cyberspace technologies can come and go at their will. Interest rate in banks is low and will come down further for sure. There are no good managed funds which can yield 10% or so without fail. My land can be occupied by anyone who has will and might and lessor may not leave my property. How can I plan a safe retirement in a country with no social security.Is investing in US$ or gold is good idea?
Reply (Sunil Gandhi) : Your apprehensions are right. I agree with you. but situation is not that bad and you can safely invest in equity market in good and reputed companies. Cyberspace type of episode is neither regular nor representative. In every market you will find these kind of manipulators.
For retirement planning certainly you can not take risk and hence there are many government investments schemes like post office monthly income , NSC and RBI bonds. You can safely invest in ICICI or HDFC bonds and deposits. These are very good and reputed companies. As far as Mutual funds are concerned you have to check the track record of the fund managers before investing. For safe and steady returns , gilt and regular income schemes are available. You can buy schemes from the market at discounted rates and may get better yield.
Good companies includes Reliance Industries , Hindustan Lever , Infosys Technologies, Larsen & Toubro , Power companies and Oil PSUs.
And ofcourse Gold and US $ will protect your investments.
Q37 : Posted by Gopal Murthy
Today, i have invest Rs 500000.00 ( five lakhs) in gilt fund-regular option ( qtrly dividend). waiting period is till jan'02 or feb'02. can u tell me that any mistake with me.
Reply (Sunil Gandhi) : Well, you have taken right decision and I don't see any mistake you have committed assuming your intention is safe and regular income..
Q38 : Posted by Irfan Vhora
Question
I have debenture of Hindustan Development Corporation Ltd. I have not received money of non-convertible part of same debentures. Can you let me know the reason? What should I do now?
Reply (Sunil Gandhi) :
If the due date of redemption is expired and you haven't received the money, you can write to the company with detailed facts. They will surely respond. If you wish to make a complaint you may complaint to BSE and SEBI also.
Q39 : Posted by Vidyanand
This is to sunil for help in personal finance, I am working for a company on contract basis for one year, i have been subject to IT for the whole amount that they pay me in consolidated form, so i wanted to know:
1) whether there is any provision in IT rules regarding taxation of consolidated salary.
2) since it is difficult for me to get LIC what other tax saving methods can i use.
3) what is the rating of ICIICI-PRU insurance and whether i can use this mode for saving tax.
Reply (Sunil Gandhi) :
1) There is no term like consolidated salary in Income Tax. You are getting consultancy fees from IT company. IT company must be deducting Tax from your payment.If they are deducting 2 % you are paid as a contractor fees and if they are deducting 5 % you are paid as professional fees.
2) Yes, for ICICI Pru life insurance schemes you will get tax benefits U/S 88. You can very well use this scheme for life as well as tax cover.
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