Attention all income taxpayers: Starting October 1, several income tax changes will occur. These changes include requirements for the Aadhaar card, changes to Securities Transaction Tax (STT) and Tax Deduction at Source (TDS) rates. The Direct Tax Vivad Se Vishwas Scheme was introduced, as proposed in the Union Budget 2024 and later approved in the … Read more
Once upon a time, merchants stuck notes on people with messages like ‘Delayed hope is dashed, hurry up – no better time can be found.’ Now, e-commerce websites are using similar tactics but more stylishly, offering limited-period offers, huge discounts, and festive deals to attract customers. These offers often come with an added sense of … Read more
It’s well-known how much the Unified Payments Interface (UPI) has revolutionized the Indian economy. With a smartphone, you can transfer money to your bank account, pay bills, and purchase. UPI quickly gained popularity because of its usefulness for daily financial transactions and other needs. However, security is crucial when using UPI, like any other digital … Read more
It’s essential to consider your monthly income and expenses. If you can save some money every month, consider investing it to secure your financial future. Investing in mutual funds through a systematic investment plan (SIP) can help you build wealth over time. When investing in mutual funds, the frequency of your investments can vary depending … Read more
The UPI Circle is a new feature introduced by the National Payments Corporation of India (NPCI) as a part of the Unified Payments Interface (UPI). This feature allows users to add family members and trusted friends as secondary users to their UPI account. These secondary users can make payments directly from the primary user’s account … Read more
One of the most common renting practices is establishing a tenancy agreement for a fixed period. While many may consider a one-year lease standard, many property owners and tenants opt for 11-month tenancy agreements instead. This approach offers several advantages, especially in terms of costs and flexibility. Let’s explore why 11-month contracts are becoming the … Read more
In recent years, the term “mutual funds” (MFs) has become increasingly common in the financial market. Advertisements often claim that mutual funds are a safe investment and have the potential to double your money quickly. Mutual funds may be a suitable option to double your investment in ten years. Mutual funds, especially equity mutual funds, … Read more
Attention all bank customers! The Reserve Bank of India oversees all banking regulations to ensure transparency, safety, and financial inclusion. When opening a bank account, you must submit documents such as your PAN Card, Aadhaar Card, Passport or Voter ID, and proof of home address. Non-resident Indians (NRIs) can also open special category accounts, such … Read more
Bank Cheque: There are several ways to transfer money from the bank nowadays, such as Internet Banking and UPI services. However, checks have been a traditional method of money transactions for a long time. In some cases, the back of the check needs to be signed. Why is this necessary? Let’s delve into the details. If … Read more
What is STP in Mutual Funds? If you are currently investing in the stock market or participating in mutual funds through SIP, it’s essential to be cautious, especially when market indices are reaching all-time highs. In such situations, it’s crucial to protect investments carefully. One strategy that can be employed in such scenarios is a … Read more