What is SFT? Must watch before you file your ITR
Do you know Statement Of Financial Transactions?Statement Of Financial Transactions (SFT) is a report of specified financial transactions which helps Government to identify the transaction that can attract taxes. Government introduced SFT To keep a tab on black money and high value transactions SFT = Statement of Financial Transactions High value transactions reflect in Form...
Importance Of Filing Income Tax Return
The Income Tax filing season has started. This year, the government has launched a new e-filing portal to make tax filing easy for all categories of taxpayers. As income tax can be a significant portion of your income, it is very natural to think about the benefits of income tax return for the taxpayers. If you are wondering the same, here are some benefits you should know about....
Everything about Term Plans
You cannot predict what is there waiting for you in the future. There are always lots of uncertainties and causalities coming up for you in the future and you are always unaware about it. These uncertainties cause a drastic financial crisis to your family and closed ones. You can help your loved ones by planning for your and their future and apply for a term insurance plan. Choosing...
New Income Tax Portal For e-Filing 2.0 | Portal Features & Benefits
The Income Tax Department launched its new e-filing portal www.incometax.gov.in New e-filing Portal Features And Benefits are covered in our video. 1. User-friendly a) Simplified b) Easy to use c) Multiple login Options d) Single Dashboard 2. Income tax payment on same portal a) Multiple Payment Options b) No challan needed Popular Article: Wealth...
All you need to know about NPS
As the name suggests National Pension System (NPS) is dedicated solely to retirement planning. It is a pension cum investment scheme launched by the Government of India for the age from 18 to 65 years. It has the dual benefit of investing for retirement and also the best tax saving instrument as it qualifies for EEE status. NPS is also a good option for wealth creation as your money...
What Is Reverse Mortgage? How You Can Benefit From It
When you have a regular mortgage, you pay the lender every month to buy your home over time. In a reverse mortgage, you get a loan in which the lender pays you. In Reverse mortgage, Bank takes part of the equity in your home and convert it into payments for you – a kind of advance payment on your home equity. The money you get usually is tax-free. Must Read: How to check if your...
How to do Retirement Planning?
Retirement Planning – We may have reached our goals of owning a car or enjoying foreign vacations. But when we have retired and don’t have any stable income, how are we supposed to maintain this lifestyle? Retirement Planning helps us to invest well in advance considering the amount we wish to receive in future. Inflation is the biggest wealth killer if we don’t plan our...
Financial Planning for Beginners
Investing helps one in the future. All of us have goals in life, most of them require money. As your earning increases, your purchasing capacity also increases, which in turn increases your goals as well. It is always better to start saving early, so that it becomes easier to fund your future goals. Checkout our video to note few pointers on Financial Planning for beginners. Risk...
Types of health insurance covers
You cannot predict what is there waiting for you in the future. There are always lots of uncertainties coming up for you in the future and you are always unaware of it. These uncertainties cause a drastic financial crisis to your family and close ones. Getting health protection as early as possible is becoming extremely important. But do you know the various types of health insurance coverage...