The More You Learn, The More You Earn
Taxability of Share Dividend Income in India What is a Dividend? A Dividend means any sum received by a shareholder in proportion to this shareholding in the company out of the total sum distributed by the company. As per section 2(22) of the Income Tax Act, the definition of dividend is an inclusive definition and it means dividend as normally understood and includes in its connotation Continue Reading
Private Trust for Effective Estate Planning Introduction to Public and Private Trust The Indian Trusts Act, 1882 defines trust as being a legal obligation annexed to the ownership of property and arising out of a confidence reposed in the trustee by the settlor, for the benefit of the beneficiaries as identified by the settlor including/excluding the settlor himself. The person who declares Continue Reading
There's no size-fits-all when it comes to credit cards. You might search for one that offers incredible travel or money back rewards, or perhaps you're a flyer hoping to enhance your airline rewards.If you don't have the best credit, finding a credit card that can enable you to ensure your rewards is an incredible choice. Regardless of what sort of credit card you're searching for, Continue Reading
In the past few years, the Government of India has launched several pension schemes targeting the Indian population employed in unorganized sectors such as small traders, masons, painters, carpenters, plumbers, etc. and senior citizens. The main motto behind the Government Pension Scheme is to financially safeguard the post-retirement life of the people who are not covered under the EPF Continue Reading
NEFT, RTGS and IMPS are three ways to transfer money from one account to another. Each of the payment modes has some limitations in terms of timings, value or charges. Let’s understand the meaning of all three payment modes and see the differences between NEFT, RTGS and IMPS. What is NEFT? NEFT stands for National Electronic Funds Transfer where one-to-one money gets transferred. There is Continue Reading
A paradigm of Investing in LIC Policy Let’s start the discussion on investment decision in LIC policy is good or bad by taking an example of Jeevan Anand (815), the most famous policy of LIC and compare the return of the Policy which is insurance and investment mixed policy with LIC’s eTerm insurance plus PPF. You will get tax benefits under section 80C for both the options. The details Continue Reading
LIC is going to launch its Online Term Insurance Plan “LIC Tech-Term (No. 854)” on 12th July 2019. This new plan is a non-linked and non-participating term insurance plan. LIC already have few term insurance plans in its portfolio namely LIC e-Term – Pure Online term plan, LIC Amulya Jeevan – II, LIC New Jeevan Mangal, LIC Anmol Jeevan – II and LIC Bhagya Lakshmi. The new term plans comes Continue Reading