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 […]
Is Stock Dividend Taxable Income in India
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 […]
Benefits of Private Trust in India
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 […]
Top 10 Best Credit Cards to Build Credit
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 […]
Government Pension Scheme for Senior Citizens, Workers and Traders
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 […]
Changes in RTGS and NEFT Timings and Charges
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 […]
Is Investing in LIC policy a Good decision?
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. […]