How Mr Sharma Plan his Retirement?
Mr. Sharma seemed quite tense while having a morning walk, which was either his work stress or retirement or something else maybe. I tried confronting on the same; “Hey Buddy, you look worried. Is there something you wish to share with me?” “Oh yes! I am not quite sure how to share my concern. But I can talk to you as a friend and maybe you can advise me as my Financial Planner.”...
Daily Market Analysis – 08th Jan 2021
MG India to invest another Rs 500 crore, hire 1,000 MG Motors India is planning to invest an additional Rs.500 crore into its operations to increase localization of critical components. This comes close on the heels of its announcement 4 week ago of an additional Rs.1000 crore investment to ramp up capacity at its Halol Plant. The fresh investment will be followed by some aggressive...
Why is Personal Financial Planning mandatory For All?
Are you an earner? Or a non-earner? Whoever you may be, you certainly need to know personal financing. We all want to be stabilized financially, at least to fill current & future standard of living. Your money is the only thing that earns for you, that too for free! Then why not to make optimum use of it? Why not to plan to easily fulfil our goals/wishes may it be short term or long...
Tips on how to repay the loan on time
In the unsure times with COVID still on the horizon, you would be wondering how on earth you would be able to repay the loan on time. Here comes the Good News! You can actually do it. So basically when you repay the loan on time, it means that you Would be able to maintain a superb credit score Would be able to obtain a loan whenever you need it Would be able to...
7 Questions To Ask Before You Make Investments
You must have heard that making investments for quick or long-term returns is a good financial behavior. However, not everyone understands if they are prepared to invest or where and why they should invest. At other times you may be encouraged to invest financially into something without having complete knowledge about the investment asset, just because your peers are doing so. Investments...
What Happens If You Forget To File Your ITR?
Income tax is paid by every individual who earns above INR 2.5 Lakhs per annum. Post the limit of INR 2.5 Lakhs, each and every individual is liable to pay taxes. It’s also everyone’s duty to file Income Tax returns, even if the tax liability is nil. The last date for filing of Income Tax Return for FY 2019-20 is 31st December 2020. Many people think that if they have paid...
Liquid Funds Vs FDs, Which One You Should Go For?
What are Liquid Funds? A liquid fund is a type of mutual fund which invests primarily in money market instruments, like treasury bills, commercial papers, certificate of deposits, and term deposits. They allow investors to park their funds for a few days or months as they have maturities up to 91 days. Liquid funds can be made liquid at any time and earn returns for the...
Tax Planning And The Different Tax Saving Tools.
‘Tax’ a word that brings stress to the taxpayers. It is a compulsory contribution, imposed by the state government on the working crowd. They are taxed according to the income they receive. It can be any income, which includes salary, income from a business, or house property. People get irritated paying tax because, they have worked really hard to earn their money, and from what they get,...
How To Find Out Which ITR Form To Fill?
31st March marks the end of the financial year in our country when everyone is supposed to conduct their income tax efiling with the government. This applies to all kinds of establishments be it business or otherwise but functioning in accordance with the Income Tax Act (ITA) and trade and business laws of India. However, when it comes to filing, it gets tricky to choose the income...