Balwant Jain is a tax and investment expert. He is a rank holder CA, CS of 1983 batch and a Certified Financial Planner (CFP). He has varied experience in providing his own consultancy, as well as working as the chief financial officer, as well as a company secretary. He has been regularly contributing articles to leading business and mainline dailies, as well as electronic media. He regularly appears on business channels like Zee Business and CNBC Awaaz, as a personal finance and taxation expert. He has also been a visiting faculty of NMIMS (Narsee Monjee Institute of Management Studies), Mumbai. He also regularly conducts workshops on various subjects of investments and taxation.
Twitter: https://twitter.com/Jainbalwant
Email: jainbalwant@gmail.com 
The substantial cut of 0.90% by the State Bank of India in its marginal cost of funds-based lending rate (MCLR), has created a lot of interest amongst the general public and borrowers, in particular. … READ FULL STORY
Service tax and VAT are applicable, only on properties that are booked at under-construction stages. So, both these taxes cannot be levied on properties that are purchased, after the builder has obtained its completion … READ FULL STORY
Often people pick booking under-construction properties over ready houses because of their lower rates. However, they do so without realising the risks involved; both, the income tax and financial implications. This feature deals with … READ FULL STORY
Benefits to promoters/builders, for construction of affordable houses Under the newly-enacted Section 80IBA, 100% of the profits derived by the builder/promoter from a residential housing project, are allowed as deduction to every tax payer … READ FULL STORY
The finance bill, was presented in the parliament on February, 29, 2016. It became a law, after receiving the president’s assent, from May 14, 2016. This Finance Act 2016, has certain provisions, which will … READ FULL STORY
Home owners constitute a major section of the tax payers. Consequently, there is a need to have a separate tax deduction, for the repayment of home loans taken for the purchase or construction of … READ FULL STORY
There are certain income tax benefits, associated with money borrowed for the purchase or construction of a house. At present, the income tax laws provide benefits on interest payments and repayment of the principal … READ FULL STORY
The central government introduced the reverse mortgage scheme in 2008. Under the scheme, senior citizens were provided with a facility to get money, in the form of monthly or lump-sum payments, or a combination … READ FULL STORY
