PCS CAPITAL

 Let's Understand  the basics of Health Insurance ..  1.What is Health Insurance? Health Insurance is a type of insurance that covers your hospitalization expenses in the following situations:  a. In case of a sudden illness b. In case of an accident  c. In case of any surgery, which is required in respect of any disease which has arisen during the policy period. 2. What are the benefits of buying a Health Insurance policy? The basic benefits of buying a Health Insurance policy are:  a. Reimbursement for Hospitalization due to illness / disease / surgery. b. Reimbursement for Domiciliary Hospitalization expenses in lieu of Hospitalization. c. Pre-hospitalization expenses d. post-hospitalization expenses  e. Ambulance charges    3. What are different types of health insurance? The major types of health insurance plans available in the market are -  i) Individual Health Plan  ii) Family Floater Plan iii) Critica...

What is Capital Gain Bond? Capital Gain Bonds are bonds notified under Sec. 54EC of the Income Tax Act’ 1961 by investing in which the profits arising from the sale of a Long Term Capital Asset (Land/Building or both) would be exempt from tax subject to certain conditions. What constitutes Capital Gains? Under Section 54EC, capital gains are those that arise from the transfer of long term capital asset being land/building or both. Are the benefits under this section applicable for short term gains?  No. Only Long Term Capital Gains qualify under this scheme. What qualifies as Long term Capital Assets?  Land and Buildings qualify as long-term capital asset if held for more than 24 months. Is there a time limit of investment in these bonds? The gains have to be invested in the bonds within 6 months of such realisation or before the filing of IT returns. Such benefits cannot be split into two financial years What is the tenure of these bonds? The bonds are redeemable after 5...