The More You Learn, The More You Earn
How to Extend the PPF Account? You can close or continue your PPF account, with or without deposits after maturity (after the expiry of 15 years from the close of the financial year in which the initial subscription was made). The PPF account has a 15-year lock-in, but then you can extend it for periods of 5 years at a time, indefinitely. Types of Extension The investor has two extension Continue Reading
With the increasing penetration of the internet facility across the country, daily routine items such as grocery, bakery, cosmetics, etc. to the luxury items such as laptops, high-end cameras, TV, fridge, etc. are largely bought online. The reason for this shift in the shopping behavior from the traditional shopping approach to online shopping are:The enhanced facility of comparison Continue Reading
Income Tax Deductions vs Exemptions vs Rebate Income tax of India requires income to be classified into five different heads viz: Income from Salary, Income from House Property, Income from Business & Profession, Income from Capital Gain and Income from Other Sources. These incomes are clubbed together to form Gross Total Income but only after allowing all the exemptions under section Continue Reading
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