Who can claim tax benefit on interest paid on the education loan ?.

Before we go too much into depth let us first of all know who is eligible to apply for an education loan ?. A student who desires to study a course in India or abroad. Education loan liability is always with the student and guardian at the moment of loan application. After the completion of the course loan repayment liability falls on the student because the loan was taken for him/her. In case the student could not repay the loan then the guardian must repay it. Now here the tax benefit on the interest portion paid of the education loan is claimed by the one who pays it. If the interest portion is paid by the student he/she is entitled to claim the same. If the interest is repaid by the guardian then he/she should claim it.


Why you shouldn’t invest in too many bond funds.

Investment in any financial product depends on the willingness and ability to take that much calculated risk by an individual or any other artificial person. Say, for example an individual earns rupees 20000 per month (non taxable) as it amounts to rupees 240000 per annum and invests rupees 1000 per month in S.I.P (systematic investment plan). By keeping some short term goal in mind. Now if suppose someone invests into multiple bonds will he/she be able to live a peaceful life ?. I mean will he/she be able to save enough. Savings are too an investment. Again as per relevant sections of Indian Income-Tax act, 1961 mainly only those deductions are allowed whichever are higher. Which means even though we invest in say, two (S.I.P) policies, only the higher amount is going to be deducted. Investment in too many bonds would also lead to trade cycles. I wish to say, because of fewer savings and higher expenditure there is always a chance for recession. After all premium is an expense. Thus investment in too many bonds is unadvisable and so, should be avoided.

Commodities and stock on same exchange soon.

The securities and exchange board of India (S.E.B.I) has made it clear that commodities (Bullion, etc) and stock will be traded on the same exchange (B.S.E, N.S.E) Bombay stock exchange and National stock exchange from 2018. Commodities and stock may now have a single bank account as well as a single dematerialise account for both kinds of trade. This move will help the (S.E.B.I) for fraud detection purpose. This relief may also serve as a medium for cost effectiveness of both the things (commodities and stock) on the exchange as their prices fluctuate within minutes. This will help grow the trade between Indian market players and the global market players. This provision by (S.E B.I) will limit certain legal barriers and will ammend relevant sections of law. Also it will save the valuable forex of the country.