To Protect Yourself From Mis-selling, Plan Your Tax Planning At The Start Of The Financial Year

Finally new financial year 2022-23 has arrived! Some of you have taken last-minute tax planning decisions at the end of the financial year 2021-22! In this highly competitive world there are salesman who are committed to their yearly targets and have suggested wrong products which are not suitable to you! In the hurry of theContinue reading “To Protect Yourself From Mis-selling, Plan Your Tax Planning At The Start Of The Financial Year”

Are You Thinking Equity as a Risky Asset Class? What About Risk in Fixed Deposits !

There are some people who assumes “Equity Investment as Risky”! They have heard of the market crashes and real-life stories of traders who have burnt their fingers in stock market! Is stock market really a “Risky Asset Class”? Absolutely No! If you have some special skill of “Buy Low and Sell High” and wait forContinue reading “Are You Thinking Equity as a Risky Asset Class? What About Risk in Fixed Deposits !”

Government Kept Small Saving Scheme Interest Rates Unchanged For January-March 2022 Quarter

Are you a saver? Do you want extra returns on your savings(when compared to banks)?Here’s a good news for you! Those who prefer guaranteed returns with government sovereign guarantee, Postal savings are a good option. When compared to banks their interest rates are slightly higher. Due to covid fears central government kept small saving schemesContinue reading “Government Kept Small Saving Scheme Interest Rates Unchanged For January-March 2022 Quarter”

Financial Transactions Which May Attract Income Tax Notice

In this digital world do remember all your financial transactions may be supervised and monitored by the Income Tax Department. Infact Financial institutions should report “High Value Transactions” to the I.T Department mandatory. To know which transactions may levy income tax notice on you, read the full story- Savings a/c Deposits– In any case ifContinue reading “Financial Transactions Which May Attract Income Tax Notice”

Do You Want To Invest in LIC IPO? LIC Advises To Update Pan Before Applying

It is well-known that the central government proposes to launch LIC IPO(Initial Public Offering) where 10% of the shares are to be allotted to the policy holders. It was the proposal by the central government to disinvest 1.75 Lakh crores in this financial year. In this regard this IPO has gained significance. As per theContinue reading “Do You Want To Invest in LIC IPO? LIC Advises To Update Pan Before Applying”

ELSS Significance and its Tax Implicability

Equity Linked Savings Schemes(ELSS) allows tax exemption up to 1.5 Lakh per financial year. They are becoming more popular due to its lowest lock-in of 3 years. That Means, the investor can’t redeem the corpus in the interim, he can only redeem after completion of 3 years, The same applies to SIP too! As everyContinue reading “ELSS Significance and its Tax Implicability”

Want To Invest On The Name Of Your Girl Child, But Don’t Want To Take Risk?Consider “Sukanya Samriddhi Yojana”

Having a Girl child can be treated as welcoming Goddess “Lakshmi” into their homes. Even though a girl is treated to be “Lakshmi”, Parents should be ready to bear highly inflationary education and marriage expenses! Due to inflation, education and marriage costs are rapidly increasing, no one would escape from the rat race of increasingContinue reading “Want To Invest On The Name Of Your Girl Child, But Don’t Want To Take Risk?Consider “Sukanya Samriddhi Yojana””

Good News For EPF a/c Holders! EPF Interest Would Be Credited On or Before Diwali For This Financial Year 2020-21

It’s really a good news for almost 6 crore EPF a/c holders! Keeping in view the festive season ahead, Central Government is planning to fetch interest rate of 8.5% for this financial year 2020-21. Regarding this issue, Employees union expresses their gratitude for crediting interest before Diwali. Though this interest rate is far below theContinue reading “Good News For EPF a/c Holders! EPF Interest Would Be Credited On or Before Diwali For This Financial Year 2020-21”

PPF a/c Pre-Mature Closure Terms and Conditions

We all are aware that PPF(Public Provident Fund)is a long-term savings tool. It is a government backed social security scheme so there is no risk associated with the capital and the interest accrued! As we all know that PPF is locked for 15 full financial years. But we can withdraw/ take loan from the existingContinue reading “PPF a/c Pre-Mature Closure Terms and Conditions”

Not Filing ITR Thinking That Your Salary Doesn’t Fall Under Tax Bracket? “You Can File IT Returns To Claim Deductions and Exemptions”!

Many salaried employees neglects to file Income Tax Returns(ITR) thinking that their salary doesn’t meet the threshold limit of 2.5 Lakh Per annum. But do you know that you can still file ITR to claim TDS Deductions; if any and avail tax exemptions under various investment options?Surprised! Read the full article and you will haveContinue reading “Not Filing ITR Thinking That Your Salary Doesn’t Fall Under Tax Bracket? “You Can File IT Returns To Claim Deductions and Exemptions”!”