According to the Income Tax Act, 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, TDS return filing was a challenging task. But thanks
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 might
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 between
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 funds
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 (a.k.a “seeing the world” or “opening my own microbrewery”). However – these
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 futureIt’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 central
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 fallen over
