According to the Income Tax Act
[https://www.incometaxindia.gov.in/pages/acts/index.aspx], 1961, payees are
required to pay a specified amount as Tax Deducted at Source (or TDS). It is
applicable on professional fees, dividends, interest from securities, royalty,
and commission.
Before the advent of the internet,
All working professionals, salaried or self-employed, are obligated to pay a
specific portion of their money to the government once they reach the minimum
income threshold.
Tax planning plays an instrumental role in deciding how much you pay to the
government. If you fail to plan your taxes, you
If you are looking for ways to grow your money, you may consider putting it in
mutual funds. Wondering what are mutual funds? We have got you covered. This
type of investment is made by Asset Management Companies (AMCs). They collect
money from institutional and individual investors and put it
Investing is the best way to effectively grow a fortune over time. Many people
struggle to determine where to put their money as all plans come with different
rules and regulations. Presently, two popular financial instruments are
unit-linked insurance plans (ULIPs) and mutual funds. This article explains the
differences
Experts have been saying for years that young professionals must consider
investing money as early as possible to generate high returns in the long term
while minimizing risks. But one of the most prominent challenges of investment
for beginners is deciding where to put their hard-earned money in.
Mutual
What do you think about when you hear the word “investing”? Stocks? SIPs? Equity
mutual funds? All of us flock to these instruments with visions of supplementary
income, building a retirement plan, or even achieving financial independence
[https://www.youtube.com/watch?v=sUfLh2hAp4g] (a.k.a “seeing the world”
Back in 1850, a group of five stockbrokers used to conduct brokerage meetings
under a banyan tree in front of Mumbai’s town hall. This small group moved to
Dalal Street in 1874 (Dalal means broker in many regional languages), giving
birth to the iconic Bombay Stock Exchange.
While the
Back to the future
It’s in 2050. You’ve just put down your simulated cup of coffee that
auto-refills every time you crave caffeine. But first things first, you’ve got
to make your daily wage. You wear your VR headset to watch an interactive movie.
You’re
The economic uncertainty caused by the COVID-19 lockdown has spooked investors
and straight-up KO’d markets. For the first time in a decade, we’re witnessing a
full-blown bear market.
To put things into perspective – in 2008, markets fell 60% in 8 months; in 2020,
they’ve
