Should you invest in a mutual fund (MF) scheme or buy direct stocks on your own? The answer to this important question depends on your risk appetite, which means how much risk you are able to take for getting a higher return form your investments. People assume that investment via MFs is always a safer
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Gold has always been considered as a safe-haven investment tool for most Indians. There has been a number of rumours in terms of how much gold you can hold legally. Let us understand this in detail. How much gold can you hold? Unlimited! Yes, it is true. There is no prescribed limit for you to
The income you earn can come from different sources and the income tax department classifies the various income sources, its nature and respective taxability. Why is there a need for different heads of income? There are numerous reasons behind having different heads of income: - Income has been classified on the basis of its nature.
Before you set out to calculate your tax liability, you need to understand the category of taxpayer you fall into. Different categories of taxpayers need to pay taxes at a different rate as per their defined slab rate. For instance, if you are running a private limited company then you need to pay tax from
As most of our readers are already aware, the GST council has finalised the GST rates across different goods & service categories. The tax range is divided into the different slabs i.e. 0%, 5%, 12%, 18% & 28%. Let's see how your life changes with the introduction of GST and how much more or less
If you have recently filed your tax returns for the previous financial year 2016-17 and have claimed certain benefits like HRA, LTA or your 80C investments deductions while doing your tax computation, then chances are there that you might have received an Income Tax Notice u/s 143(1). What is Notice u/s 143(1) about? Once you
31st July is the last day to file your tax returns. Here are some important points you need to take care of before you file your tax returns. First , check whether you really need to file your tax returns: Most people have wrong notions about this. For example, many believe that if the tax
What is diversification in the context of investment planning? Diversification is one of the important tools of investment planning because it helps to reduce the overall risk in your portfolio. As you know, it is very important to diversify your portfolio into various asset classes for the sole reason that not all the assets move
Many people have termed bitcoins as an illegal form of currency and even the Reserve Bank of India (RBI) had also warned the investors of the potential risks involved in dealing with Bitcoins. Bitcoins had also given rise to many theories about its taxability i.e. how the taxation will work in case you sale or
Fiscal year 2017 has just hung up its boots, and financial year 2018 is upon us. It's time to review the year gone by. Fiscal-end is a great chance to review your past performance and make new financial resolutions for the financial year. It's the best way to achieve financial stability and sticking to your