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When was the last time you were sure about the kinds of returns you can get with a simple investment? There are tons of ways you can make a lot of money provided you know the kind of returns that are possible in any market. There are plenty of touch points for any industry and […]
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With India moving towards becoming a less-cash economy, go digital seems to be the mantra. From making payments by swiping your card to using mobile payment apps, use of cash has reduced considerably. So, it begs the question why this transition should be limited to just payments and banking? Why should other financial products, such […]
If you are reading this, then you might be thinking of getting a loan or have already taken one. Loans are usually taken under two circumstances. Either you have a financial goal to meet like buying a house or car, opening a business, education for your child or when you have a sudden financial emergency […]
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Liquid Funds, as the name goes are a type of Mutual Fund that is for the investor who looks to make money by investing in Mutual Funds even for a day! Liquid funds are a very important avenue for the investor to park their money for a very short period, ranging from even a day […]
On 14th of April, the CBEC released Electronic Way (e-way) Bill Rules in public domain. Some significant provisions with reference to E-Way bill are as follows: Furnishing of information before commencement of movement of goods: Information relating to the goods needs to be furnished in Part A of FORM GST INS-01 by registered person who causes movement of goods […]
As per the section 80 C of the Income Tax Act, an individual can claim up to Rs. 1, 50,000 from his or her taxable income as a deduction. Deductions are provisions created by the government to help taxpaying citizen save their money. However, these deductions have to be put to good use, which means, […]
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Complete Guide on TDS Some investors still seem to be baffled by the concept of TDS (Tax Deducted at source) and its relation to taxation. Though a very simple concept, the investors get confused if TDS is nicked from their Fixed Deposits (FDs) as they assume they need not pay any tax at maturity, or […]
How to choose the right savings account? Several government-run policies and the digital revolution have provided the much-needed fillip to the banking sector in India. The transformation in the banking services opens a gamut of opportunities for the unbanked as well as for those who already use banking services. It draws upon the very critical […]
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Financ uses a comprehensive review system and has done most of the work for you, so you can skip sifting through information for hundreds of Financial Planners in Mumbai and simply compare the details of our “top 10 financial advisors in Mumbai” list to find the best financial planner to meet your financial needs. Methodology […]
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Are you seeking some sort of financial instrument that can give you decent income at low or moderate risk? Or, do you want to park that surplus cash somewhere in a hope of receiving greater returns than an FD could provide? Yes! Then, let me take you to the world of MIP. Contrary to what […]
The July 31st deadline for income tax returns in knocking the door and let the cloud of doubt surrounding it cleared. Income tax is what you pay the government when you earn income above a threshold level. It is what you shell out for all the services you avail from the government. Whereas Income tax […]
With auto insurance premiums rising across the country, comparing premiums for similar auto insurance coverage has become the ultimate test of your shopping savvy. Have you checked with every insurer to be sure you’ll be paying the lowest premium for the most coverage? Did you check on all the discounts for which you might […]
Service tax is a tax payable on services provided by the service provider. Similar to excise obligation, which is payable on goods fabricated, service tax is payable on the services provided. Service tax is payable by the provider of the service to the Government of India. The service provider can, however, collect this tax from […]
Income tax is what a citizen owes to the government when he or she earns an income more than INR 2.5 lakhs per annum and is below the age of 60 years. For citizens in the age bracket of 60 to 80 years the taxable income base starts from INR 3 lakhs per annum and […]
Warren Buffett is known as the richest man in the entire world with a projected fortune of $62 billion. Buffett who started earlier in 1962 with buying shares is now Berkshire’s chairman and CEO and one share of the company’s Class A stock is worth close to $119,000 (versus $7.50 in 1962). He credits his […]
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Any investment made by us is intended to help us wade through the critical times. There can be situations like medical emergencies when investments are your ray of hope. The unpredictable global economy makes it even more necessary to look forward to diverse investment options provided by banks and other focused mediums. Systematic Investment Plan […]
Real Estate Investment Trust (REIT) is a company or a special purpose vehicle (SPV) that owns or in most cases finances income producing real estate properties. Much like the mutual funds, REIT provides investors with regular income and diversification. A REIT collects money from the investors and invests the same in commercial real estate. It […]
CIBIL score is a mathematical term that indicates your creditworthiness based on your credit history. It includes details of credit or loans that you acquired during the past years. The score represents the amount of credit taken, how much you paid back and even shows if you have defaulted on any payments. Credit score is […]
CIBIL or CREDIT INFORMATION BUREAU (INDIA) LIMITED – India’s first credit information company (founded in August 2000) collects and maintains records of individual’s loans and credit cards. These records are put forward on a monthly basis to CIBIL by its associate banks and credit institutions. The information collected by these associates are exercised to generate […]