Rules that will knock your pocket from 1st April 2021
The budget brings a bag of amendments along and there begins a never-ending discussion of whether these are good news or not. So like every other year, this year, the Budget introduced some of the peculiar changes in existing Income Tax Laws which will certainly impact your pocket from the start of the coming financial year. So we decided to sum up everything that could knock your...
Invest to save tax now! Best handpicked ELSS schemes
What are ELSS Funds? Equity Linked Saving Schemes (ELSS), popularly known as tax saving mutual funds, are equity-oriented mutual funds. As per the SEBI regulations, ELSS funds have to invest at least 80% of their corpus in equity or equity-related instruments. These funds come with a lock-in period of 3 years and qualify for tax deduction under Section 80C. Investments in ELSS of up to...
Checklist for your Investment portfolio in 2021
This step-by-step guide empowers you to take action by building a complete financial portfolio. This means that not only do you own diversified investments across different asset classes, but you also have fully-funded retirement accounts, own your home, are debt-free, have a six-month emergency cash reserve, and you invest in yourself. Ensuring that each of these areas is optimized will set...
Upcoming IPO in India 2021
The IPO market is expected to see a variety of major big releases, thanks to the strong market momentum that guided Sensex and Nifty to record highs in 2021. Investing in IPOs means a chance to get it in quick, get it in easy, and make a big profit. Some IPOs do extremely well, although others have a terrible reaction from investors. Despite the pandemic completely decimating the third and...Nitty Gritty of GST – Friday First Cut Episode 13
The government has notified several changes in the GST law and has also put into effect several amendments brought in vide the Finance This alert covers the key changes notified in the GST law. Rule 86B has been inserted to restrict the utilization of Input Tax Credit (ITC) to the extent of 99% of tax liability for the relevant period for taxpayers having taxable supply (other than...
What did Mr. Sharma approach? Timing the Market vs Time in the Market
Timing the Market vs Time in the Market: Mr. Sharma was very much worried about the stock market would fluctuate and so will his returns. He said “I am thinking whether I entered the markets at right time. Right now, markets are volatile and can’t be timed for a better entry point” I refuted him, “No investor can time the market for correct entry or exit point. Due to the dynamic...
Top 9 reasons why people take out a personal loan
Personal loans can help you out when you need to borrow money for a variety of reasons. This type of lump-sum loan is paid back in monthly installments over a set term, usually ranging from one to seven years. With any debt, it’s essential to consider how the payment will impact your finances, but there are many situations where a personal loan may be a good choice. Just like it...MWP Act – A Financial Boon for Women – Friday First Cut Episode 12
What is the MWP Act? MWP Act refers to the Married Women’s Property Act. This was created in 1874 with a motive to protect the interests of married women over the property. In 1923, there was an amendment to this Act which states that the proceeds of the insurance under this Act would belong to beneficiaries who would-be wife and children. What is Section 6 and what it...