Rishabh Parakh

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So far Rishabh Parakh has created 85 blog entries.

How much gold can you hold?

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

How much gold can you hold?2018-05-22T12:15:43+00:00

Understanding different heads of income from the taxation angle

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.

Understanding different heads of income from the taxation angle2018-05-22T12:13:23+00:00

Explained: Classification of taxpayers and income tax slabs

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

Explained: Classification of taxpayers and income tax slabs2018-05-22T12:12:33+00:00

How to respond to IT notice for mismatch of your income as per Form 16?

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

How to respond to IT notice for mismatch of your income as per Form 16?2018-05-22T12:10:37+00:00

Here’s a checklist to help you file your income tax returns this year

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

Here’s a checklist to help you file your income tax returns this year2018-05-22T12:09:24+00:00

Explained: Diversification between different Mutual Fund schemes & AMCs

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

Explained: Diversification between different Mutual Fund schemes & AMCs2018-05-22T12:08:04+00:00

About Rishabh Parakh

The only purpose “Money” can serve is to “Enable” you to do what you really want to do! This strong urge & passion led me to set up Money Plant Consultancy with the sole purpose of #Empowering fellow Indians in taking the #RightFinancialDecisions!

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