Know about India’s savings account limits, interest rates, and tax rules. Understand how much money you can keep, earn interest, and pay taxes on your savings account. Saving money in a bank account is a great way to keep your cash safe and earn a little extra. Do you know how much money you can … Read more
Many move from villages to towns and cities for higher education and employment. Since commuting from their hometowns to college and work is challenging, they rent houses in the town. Due to this influx of people, the city’s population is rapidly increasing, leading to a rise in house rents. Landlords are now making a significant … Read more
Equity Linked Savings Scheme (ELSS) funds are becoming increasingly popular in the Indian equity market. These funds offer a unique combination of potential returns and tax savings, making them an attractive investment option for many individuals. What are ELSS Funds? ELSS funds are mutual funds that invest primarily in equity (stocks) and offer tax benefits … Read more
Discover the advantages and disadvantages of GST. Learn how it impacts businesses and individuals in India. The Goods and Services Tax (GST) is a comprehensive tax system implemented in many countries to streamline taxation and reduce complexity. GST has been a game-changer for India’s tax system. Since its introduction, it has significantly impacted businesses and … Read more
Understand the components of GST: CGST, SGST, IGST, and UTGST. Learn about GST history, types, benefits, and impact on Indian economy. What is GST? GST, or Goods and Services Tax, is a single, indirect tax applied on the supply of goods and services in India. It replaced a bunch of older taxes, making things simpler … Read more
Learn about the tax implications of investing in physical, paper, and digital gold. Discover the tax rates, exemptions, and filing requirements for your gold investments. Are you considering investing in gold? Whether you prefer physical gold coins, paper gold investments, or digital gold assets, it’s essential to understand the tax implications of your investment. Gold … Read more
Confused about India’s financial year (April-March)? Know the historical reasons, how it works with agriculture & festivals, and why it’s different from the calendar year. India’s financial year has always been a subject of curiosity, especially among foreign investors and economists. While the world follows the January-to-December financial year, India stands out by starting its … Read more