Yokoso Finance

Personal Loan - Frequently Asked Questions

Is there part payment allowed in personal loan?

Most of the bank allows part payment with certain restriction. i.e. total number of times you can pay (part payment) in a year, minimum amount you have to pay.

To read more FAQs on Personal Loan, visit https://yokoso.in/FAQs/personal-loan

yokoso Yokoso is a financial company provides you the most simplistic way for loans, and we let you choose whats best for you.

Happy Holi to everyone!

Property sale: Can I claim income tax exemption on long term capital gain again?

If we are talking about the provision of income tax law providing for one-time exemption under Section 54 for investing the capital gains arising on sale of one residential house in two residential house provided the amount of long term capital gain does not exceed ₹2 crore. Except for this benefit which is available only once in the lifetime a tax payer can claim exemption under Section 54, 54F and 54EC any number of times as long as one satisfies the conditions prescribed

Read the Complete Article :-

Property sale: Can I claim income tax exemption on long term capital gain again? For availing exemption under Section 54 on sale of a residential house you need to have held the house for a period of more than 24 months from its acquisition and the indexed capital gains are invested for acquiring another residential house within prescribed period

When you have money transfer at your fingertips, chances of error is very high. Do not worry, we got you covered !!!

Find out how can you get your money back...

https://yokoso.in/blog/money-recovery-steps-for-transfer-to-wrong-account

yokoso If you want to change your bank from one bank to another. Say if you are maintaining an Account in “XYZ Bank”. And you want to transfer or remit some amount to a client or friend having an account with another bank.

With faith in our hearts and independence in our thoughts, let's salute the Nation. Happy Republic Day India.

Yokoso Wishes you a prosperous Makar Sankranti !!

What are some ways to reduce the cost of loan interest rate?

If you have a co-borrower for the loan, this could help reduce your interest rate to some extent.
By offering collateral, again the interest rate will be reduced accordingly.
If you are taking a home loan, pay as much as a down payment you can and then go for the interest rate.

Having a good credit score implies less risk of providing a loan to you. Also in addition to that the above mentioned things like having co-borrower and collateral makes lending you a less risky.

If you are making a transaction with Rs. 50,000 worth cheque, you must know this.

In order to make sure there are not frauds happening while issuing cheque, the bank has come up with “positive pay system”

How does this positive pay work?

Earlier, after issuing a cheque to the beneficiary, your job is over. With this system, when you are issuing a high value cheque. You also need to share some details with the bank. Those details include account number, cheque date, amount, beneficiary name etc..

These details can be shared via 1. Visiting a bank branch; 2. Or through mobile or internet banking.

You can find this option in your bank’s app. Though the positive pay system has not become completely mandatory. RBI has guided following PPS (Positive Pay System)

As 2021 draws to an end, Yokoso wishes you all a wonderful, healthy and productive 2022!

We look forward to a fruitful new year ahead.

#2022

Annual information statement (AIS) is a pdf available to every tax filer that contains information about all the transactions that you make by giving you PAN number. They can be details on stock market investment portfolio, Salary, Insurance, Dividend received and so on.
Log on to tax e-filing portal and check you AIS now. And also Know more about AIS at https://lnkd.in/gYChjwWk

Need Help With Filing ITR ?

Contact https://yokoso.in/contact/ . We will Help you !!