Blog Page 443

Should You Buy Property via Real Estate Website?

Shitanshu Kapadia
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Should You Buy Property via Real Estate Website?

Real Estate websites today offer a facility to buy property online. My friend recently shifted from Surat to Bangalore due to job change. He wanted to buy property at Bangalore, but he was hesitant to approach local brokers as he was unsure about their credibility. He tried the various online real estate website to buy property. He shortlisted best real estate website and cracked the deal. He was sharing his experience that how these real estate websites helped him for a site visit, documentation and finalization of property.

smart ownership real estate

If you want to buy property like my friend you must explore various real estate website before finalizing the deal. Although the actual transaction happens offline, sophisticated features offers by these real estate websites will help you a lot. Let’s explore various features offered by these websites.

Also Read – Best Investment Option in India – Equity or Real Estate

Features offered by Real Estate Websites

#1 360 Degree Live Tour 

CommonFloor.com & Housing.com are leading real estate websites, these websites offer 360 degree live tour facility. The live tour will show you everything you need to know about the property before buying. You need not to waste your time on site visits.

 #2 Verified Listing 

These websites carry out verification before listing property advertisement. They check each and every aspect of the property. This is to ensure that property advertisement is 100% real and accurate.

#3 Map Based Search

Property website like commonfloor.com also offers map-based search facility. You can browse area wise property listing on the map. This is the easiest method to find a property online.

#4 iHome

A real estate website like 99acres.com provides a facility called as iHome. Using iHome you can book the property by making small token payment online. If you don’t like property you can get this amount as a refund.

#5 Filter Based Search

These property portals offer filter based search facility which is very helpful to the customer.  You can filter search based on price, rent, location and proximity facility like school, airport, railway, hospital etc.  This feature will defiantly save your time for property search.

Also Read – How RERA website helps you for home buying?

#6 Saving Money

These real estate websites not only save your time it will also save your money. You can save brokerage as you can directly get in touch with the owner of the property.

Best Real Estate Website of India

You can explore following best real estate websites of India.

findbhk.com

CommonFloor.com

99acers.com

MagicBricks.com

Housing.com

Proptiger.com

Should you buy a property via real estate website?

Hope you have got your answer. You should explore real estate websites before buying any property. These websites will not only save your time it will also save money.

Have you used any of the above-mentioned sites for property search?

Do Share your experience.

10 Golden Rule of Investment

Shitanshu Kapadia
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2

How to invest money? What is a golden rule of Investment? Well, saving and investments are the foundation for the financial success. However, many of us neglect to put this into practice and, therefore, faces difficulties in achieving financial goals. Most individual accept that they invest in financial products without understanding. In short they don’t take informed decisions.  This will cause a delay in fulfilling financial dreams of the individual. Considering this fact, I am here with 10 Golden Rule of Investment. These rules will surely help you to achieve financial success.

10 Golden Rule of Investment

Rule 1 – Invest Regularly
We earn regularly, we spend regularly, but we don’t invest regularly. So, my first golden rule of investment is “Invest Regularly”. The regular and systematic investment will help you to achieve your financial goals like buying house, car etc. Most of these goals require substantial money upfront in order to be fulfilled. The regular investment will help you to fulfil these goals.

Rule 2 – Start Early
The day you start earning money you should start making investments. The earlier you start more return you will get on the investment. The compounding effect helps you to earn interest over interest. You can build substantial wealth by starting at the early stage of life.

Rule 3 – Understand Financial Product before making investment
The third golden rule of investment is to understand the product well before making an investment. It reminds me about one old proverb: “All that glitters is not gold.” There are many products available in the market which is complicated in nature. If you are planning to invest in these products you should understand it properly. I have seen marketing of some products are done in the manner which will lure investor with unrealistic returns. You must stay away from these products. This product may contain some hidden risks which are unknown.

Rule 4 – Diversify your Investment
You should diversify your investment. Never keep all your eggs in one basket. Invest in multiple investment products as per your financial goal and risk appetite. Diversification does not give you guarantee in profit, however, it will help you to reduce the overall risk associated with your portfolio.

Rule 5 – Monitor & Re-balance your portfolio at regular interval
You should monitor and rebalance your portfolio at regular interval. The ideal frequency of monitoring your portfolio is six month.

At the younger age, you should explore and invest in equity because at the initial stage your risk taking capacity is high. As you grow old you should reduce your investment from equity and invest in fixed income/debt-based instruments.

rule of investment

Rule -6 – Expect Reasonable returns from Investment, Exit once you reach target
It is better to expect reasonable returns from investments. Once you achieve your investment target you should book the profit and exit from the investment. Never expect unreasonable returns from the investment. For example, if you think that your investment has potential of earning a return of 15%, you should exit once you reach this target.

You should never become greedy. Remember “No gain satisfies a greedy mind”.

Rule -7 – Never invest or sell in Hurry
You should do a proper analysis before making an investment. You should hold back yourself from buying or selling in a hurry as it may lead to financial losses. Proper study and homework are necessary to make a profit from investments.

Rule- 8 – Inflation and Taxes will eat your returns
Inflation and Taxes are two important factors you should consider before making the investment. You should judge investment product from the actual rate of return. The actual rate of return is return is given by investment- Inflation rate – Taxes.

We cannot control growing inflation rate, but we can select tax friendly investment option to earn more returns.

Rule -9 – Spend Time on your investments
You should spend sufficient time with your investment, before and after making an investment. Proper homework will help you to select a right investment. Performance monitoring after investment will help you to stay on track. If you can’t spend time with your investment you should get in touch with a financial planner.

Rule -10 – Don’t make Investment only on Tips
Last golden rule of investment never relies on tips for making an investment. Instead of investing on the basis on tips, you should consider fundamentals of the investment instrument.

I would like to end this article by sharing a most effective rule of money management by Warren Buffet.

Rule -1 Never Lose Money.
Rule -2 Never Forget Rule -1

Hope this golden rule of investment will help you to achieve financial success.

If you like this rule of investment, do share it with your friends on facebook and twitter.

Deposit your Cheque on your Mobile – etfCheques Mobile App

Shitanshu Kapadia
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3
Deposit your Cheque on your Mobile – etfCheques Mobile App

etfCheques

etfCheque – Imagine how easy it is if bank accepts digital copy to cheques for the processing. You can save your time as you can avoid visiting bank/drop box to submit physical copy of the cheque. Your imagination is turned into reality now you can use your mobile to issue and deposit of cheques. ICICI bank has recently launched etfCheques Mobile app for their customer.

What is etfCheques?

etfCheques is app launched by ICICI bank to provide complete solution for cheque based transactions. This app enables the customer to quickly process cheque in secure and convenient way. You can even issue cheque to the beneficiary using this app.

Key Features of etfCheques

Deposit Cheque – You can deposit scan image of physical cheque issued to you.

Write etfCheque – You can issue etfCheque to mobile number of your choice.

Cheque Query – You can quickly check the status of the cheque.

History – You can check your past transaction done through etfCheques

How to use etfCheques Mobile App?

Step-1 Download etfCheques from google play store. You need smartphone with internet facility to use this app.

Step-2 Authenticate using your debit card number, debit card PIN and one time password (OTP) sent on your mobile number. If it is joint account you need to enter Net Banking ID also.

Step-3 Choose 4 digit PIN number to access this application.

Step-4 Login using your 4 digit PIN number and start using ICICI etfCheques mobile appp to perform cheque based transactions.

This app is also available for IOS based device.

How do I deposit cheque?

To deposit a cheuqe follow the steps given below –

Step-1 Select account in which you want to deposit the cheque

Step-2 Select Deposit cheque option from the menu.

Step -3 Capture front and back of cheque populate amount and other information and submit the cheque.

Step -4 Deposit the physical copy of cheque at nearest ICICI bank within specified time limit.

cheque image

How to issue an etfCheques?

To issue a cheque follow the steps given below –

Step-1 Select account from which you want to issue the cheque

Step -2 From Menu select “Write etfCheque Option”

Step -3 A Cheque book page will option asking for Name, Account number and amount.

Step -4  Once done with filling mandatory details click on submit.

Step-5 OTP will be issued to your mobile number. Submit OTP and etfCheque will be issued.

Step-6 You will receive 4 –digit passcode which you need to share with beneficiary to receive the funds.

You can issue etfCheques to non-ICICI bank customer also, however beneficiary need to visit ICICI bank website link to receive the funds.

Do you think this facility will be useful to you?

Do share your experience!

Electronic Verification Code (EVC) for Income Tax Return

Shitanshu Kapadia
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12
Electronic Verification Code (EVC) for Income Tax Return

Electronic Verification Code

Electronic Verification Code for Income Tax Return – Now one can e-verify income tax return using electronic verification code (EVC). Central Board of Direct Taxes has issued notification on 13th July, 2015 for using Electronic Verification Code for e-filing income tax return. If you verify income tax return using EVC, you need not to send paper acknowledgement by post to CPC Bangalore.

What is Electronic Verification Code?

  • Electronic Verification Code (EVC) is Code or PIN number used to verify the identity of the person furnishing income tax return.
  • The EVC will be 10 digit alpha numeric number/code.
  • The EVC can be generated on E-filing website (http://incometaxindiaefiling.gov.in) of Income Tax department.
  • Individual filing income tax return ITR1, ITR2, ITR2A, ITR4, ITR4S can use this EVC. Karta of HUF can also use EVC for verification of Income Tax Return.
  • EVC generation process varies based on risk-category of the Assessee.
  • The Eve would be unique for an Assessee PAN and Will not valid for any other PAN at the time of filing of the Income Tax Return.
  • One EVC can be used to validate only one return of the Assessee irrespective of the Assessment Year or return filing type (original or revise) .
  • The EVC will be valid for 72 hours.
  • The verifier can use multiple mode to generate EVC and can generate EVC multiple times.

How to Generate Electronic Verification Code?

Electronic Verification Code Generation through Net Banking  

  • Some specified banks authorized with Income Tax Department for generation of EVC may provide direct access to e-filing website. The link will be provided by bank only in the case of verifier PAN card is validated by bank during process of KYC.
  • One can use Internet banking user id and password to login to Net banking site. Once user see this link and click on that he/she will be redirected to Income Tax site for the generation of EVC. EVC generated using this process will be send to register mobile number of verifier.

Electronic Verification Code Generation through Aadhar Card

  • You can link your Aadhar Card with PAN number on e-filing website. Once Aadhar-PAN linking is complete, you can e-verify your return using Aadhar.
  • If your mobile is registered with Aadhar one OTP will be generated by UIDAI and sent to your mobile number. This Aadhaar OTP will be the EVC and can be used to verify your Income Tax return. The Aadhaar OTP as EVC will be valid for 10 minutes (or as specified by UIDAI).
  • In order to link your Aadhar card with PAN you need to login to e-filing website. On logging to this site you will see pop up display message for Aadhar-PAN linking.

Link Aadhar EVC

Electronic Verification Code Generation through ATM

  • If your ATM card is linked to PAN card validated bank account and bank is registered with Income Tax department for providing this services can generate EVC using this method.
  • Under this method you need to access the ATM of the Bank using ATM PIN at ATM Kiosk. On ATM screen you will find option to generate EVC for Income Tax return filing.
  • On clicking this you will get EVC on your register mobile number. 

Electronic Verification Code Generation through E-filing website

  • If your total income as per the Income Tax Return is Rs. 5 Lakh or below and there is no refund claim you can generate EVC on E-filing website.
  • EVC generated using this method will be send to you on register e-mail id and mobile number.
  • You can use this EVC to verify your income tax return.

Generate EVC

How to e-verify your Income Tax return using EVC?

  • Login to e-filing website using your credential.
  • Click on Upload Return and submit your Return
  • You will see message Return is uploaded (Pending for e-verification)
  • Click on e-Verify Return under tab e-file.

e-verify return

  • Uploaded returns of last 120 days pending for e-verification will be displayed.
  • Click on e-verify.
  • You will be prompted for four different option to e-verify return.

Option -1 “I already have an EVC and I would like to Submit EVC”

Step -1 Provide EVC in text box and press submit

Step -2 Download the Acknowledgement (No action is required)

Option-2 “I do not have an EVC and I would like to generate an EVC”

Two options are provided –

Generate EVC using Net Banking

Step -1 Login to your Net Banking account.

Step -2 Click on e-verify Return

Following banks provide facility of filing return using Net Banking.

Allahabad Bank
Andhra Bank
Axis Bank Ltd
Bank of Baroda
Bank of India
Bank of Maharashtra
Canara Bank
Central Bank of India
City Union Bank Ltd
Corporation Bank-Coroorate Banking
Corporation Bank-Retail Banking
DENA BANK
HDFC Bank
ICICI Bank
IDBl Bank
Indian Bank
Indian Overseas Bank
Kotak Mahindra Bank
Oriental Bank of Commerce
Punjab National Bank
State Bank of India
syndicate Bank
UCO Bank
Union Bank of India
United Bank of India
Vijaya Bank

Generate EVC to register e-mail id and Mobile Number.

Step -1 Enter EVC sent to you in your E-mail id and Mobile number and click on submit.

Step -2 Download the Acknowledgement (No action is required)

Option-3 “I would like to generate Aadhaar OTP to e-Verify my return”

Step -1 Enter Aadhar OTP sent to you on your register Mobile number and click on submit.

Step -2 Download the Acknowledgement (No action is required)

Option-4 “I would like to e-Verify later/ I would like to send ITR-V”

Step -1 Download the Acknowledgement ITR- V

Step-2 Send ITR-V to CPC Banglore by Post.

I hope you find detail given in this article useful. If you have any query related to filling of income tax and e-verification using EVC, do post in comment section given below. I will surely answer them.

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