Podcast
Questions and Answers
What were Krishna's immediate goals for investing?
What were Krishna's immediate goals for investing?
- Invest in derivatives and private equity
- Compare car loans and start a retirement fund
- Purchase a car and buy a house
- Buy insurance coverage and build an emergency fund (correct)
How did Krishna plan to fund the down payment for buying a house?
How did Krishna plan to fund the down payment for buying a house?
- Use his portfolio savings (correct)
- Sell his investment portfolio
- Rely on his emergency fund
- Borrow money from friends
What was Krishna's short-term objective regarding his emergency fund?
What was Krishna's short-term objective regarding his emergency fund?
- To have a buffer of two months' pay (correct)
- Not mentioned in the text
- To have a buffer of six months' pay
- To have a buffer of one month's pay
Before borrowing money for a car, what did Krishna plan to do?
Before borrowing money for a car, what did Krishna plan to do?
What amount did Krishna budget toward his marriage expenses?
What amount did Krishna budget toward his marriage expenses?
Which investment choices did Krishna consider for his portfolio?
Which investment choices did Krishna consider for his portfolio?
What is the maximum deduction allowed towards medical insurance premium of parents if both parents are senior citizens?
What is the maximum deduction allowed towards medical insurance premium of parents if both parents are senior citizens?
Under Section 24, what is the maximum deduction allowed on interest paid for a self-occupied property?
Under Section 24, what is the maximum deduction allowed on interest paid for a self-occupied property?
What is the maximum deduction permitted under Section 24 if a home loan is taken for a property that is not self-occupied?
What is the maximum deduction permitted under Section 24 if a home loan is taken for a property that is not self-occupied?
In which financial year did the new proposal under section 80EE provide additional tax deduction for first-time homebuyers?
In which financial year did the new proposal under section 80EE provide additional tax deduction for first-time homebuyers?
What is the maximum deduction permitted under Section 80EE for first-time homebuyers on home loan interest payments?
What is the maximum deduction permitted under Section 80EE for first-time homebuyers on home loan interest payments?
If a taxpayer has availed a home loan for repair works or reconstruction, what is the maximum deduction permitted per financial year under Section 24?
If a taxpayer has availed a home loan for repair works or reconstruction, what is the maximum deduction permitted per financial year under Section 24?
Based on the allocation percentages provided, which portfolio is the most aggressive in terms of equity exposure?
Based on the allocation percentages provided, which portfolio is the most aggressive in terms of equity exposure?
According to the expected return percentages, which portfolio is expected to provide the highest return?
According to the expected return percentages, which portfolio is expected to provide the highest return?
Considering Krishna's Personal Financial Plan, how much is the Gross Annual Salary?
Considering Krishna's Personal Financial Plan, how much is the Gross Annual Salary?
What is the percentage of the fixed income component in the 'Very conservative' portfolio?
What is the percentage of the fixed income component in the 'Very conservative' portfolio?
From the assumed increase and expenses section, what does assumption 2 refer to?
From the assumed increase and expenses section, what does assumption 2 refer to?
Which component represents a variable expense in Krishna's Personal Financial Plan?
Which component represents a variable expense in Krishna's Personal Financial Plan?
What is the maximum total amount that can be claimed for deductions under sections 80C, 80CCD (1), and 80CCC for the financial year 2017-18?
What is the maximum total amount that can be claimed for deductions under sections 80C, 80CCD (1), and 80CCC for the financial year 2017-18?
For which type of disability can up to INR150,000 be deducted under Section 80DD?
For which type of disability can up to INR150,000 be deducted under Section 80DD?
What is the maximum deduction a very senior citizen (above 80 years) can claim under Section 80DDB for specified critical diseases?
What is the maximum deduction a very senior citizen (above 80 years) can claim under Section 80DDB for specified critical diseases?
Under which section can an individual claim tax deductions if they are physically or mentally challenged?
Under which section can an individual claim tax deductions if they are physically or mentally challenged?
How much can be deducted towards medical insurance premium for senior citizens (above 60 years) under Section 80D?
How much can be deducted towards medical insurance premium for senior citizens (above 60 years) under Section 80D?
What is the minimum disability percentage required for claiming deductions under Section 80DD?
What is the minimum disability percentage required for claiming deductions under Section 80DD?
What type of contributions are not allowed for deductions according to the text?
What type of contributions are not allowed for deductions according to the text?
Under which act must a political party be registered to qualify for deductions as mentioned in the text?
Under which act must a political party be registered to qualify for deductions as mentioned in the text?
What is the maximum amount that can be claimed for income received through patent royalty under the Patents Act 1970?
What is the maximum amount that can be claimed for income received through patent royalty under the Patents Act 1970?
Who must hold the patent to claim income under Section 80RRB as per the text?
Who must hold the patent to claim income under Section 80RRB as per the text?
Which of the following is NOT an allowable manner for contributions to political parties as per the text?
Which of the following is NOT an allowable manner for contributions to political parties as per the text?
In which year should a patent be registered to qualify for claiming income under the Patents Act 1970?
In which year should a patent be registered to qualify for claiming income under the Patents Act 1970?
