The More You Learn, The More You Earn
What is HUF (Hindu Undivided Family)? A “Hindu Undivided Family” is a separate legal entity as per the Income Tax Act. HUF can be formed by Jains, Sikhs, and Buddhists along with Hindus. There are various incomes that are arising for the whole family and not in the name of a specific individual of the family. A HUF can have all the sources of income like Income for house property, income Continue Reading
One of the Famous Investor and chairman at O'Shares Investments O’Leary said "At the end of the day, dividends are the mother's milk of investing”. Dividend income is one of the best sources of passive income one could earn being in the capital market. There are two types of gains equity investors hope to earn from the stock. First is the capital appreciation i.e. increase in the stock Continue Reading
Credit Card is a double-edged sword, be careless and you can get a deep cut easily. Ineffective use of credit cards may prove disastrous while efficient use may prove profitable to the consumer. From the bank's point of view, credit cards are one of the best sources of income due to the hefty interest charges (around 36% to 40% per annum) on late payment of the outstanding balance. From Continue Reading
As announced in the Union Budget 2020-21, Finance Minister has officially launched the facility for Instant PAN Card for free of cost on furnishing the Aadhaar number based e-KYC. The beta version or trial version was launched in the month of February 2020 on the income tax e-filing portal and till 25th May 2020, 6.77 lakhs instance PAN card number have been successfully allotted. The Continue Reading
After the Finance Ministry instructions, the LIC (Life Corporation of India) has extended the validity of Senior Citizens Pension Scheme (aged 60 and above) namely Pradhan Mantri Vaya Vandana Yojana by 3 years i.e. by March 31, 2023. The pension scheme was earlier valid till March 31, 2020 which is now extended by three financial years and is open for investment from 26th May, 2020. Life Continue Reading
Government of India has come out with the stimulus to help the struggling MSME sector of India in this pandemic time. The Government has made provisions of massive ₹ 3 lakh crore for Micro, Small and Medium Enterprises sector. Under this MSME loan scheme, there would be no requirement for the collateral security and the Government will be the guarantor for the borrower. The loan will have Continue Reading
For the Quarter April to June 2020, the Government has reduced interest rates of almost all of its small savings schemes. PPF (Public Provident Fund) interest rate reduced to 7.10% from 7.90% while SCSS (Senior Citizen Savings Scheme) saw rates down to 7.40% from 8.60%, also all the Bank and Post office FDs (Fixed Deposits) are offering interest in the range of 5.50% to 6.50%. In this Continue Reading