The Income Tax Department issues a Permanent Account Number (PAN) to all taxpayers. It is a unique identification number that helps simplify the taxation system in the country by providing adequate transparency and information in all financial transactions. You may apply for a PAN card either with the National Securities
The three components of a balance sheet include assets, equity, and liabilities. It is an important financial statement and shows the company’s monetary situation on a particular date. Assets are those that are owned by a company and provide future economic benefits. On the other hand, liabilities are owed
In almost every situation in life, you always have a choice, which is true even when you make investment decisions. When you select something, you forego the other available options, which could have had potential benefits. Often, you may overlook this aspect while investing because it is intangible. However, understanding
You may have heard from some senior citizens about how they could buy necessities at nominal prices when they were young. But do you know why that is not possible now? Over the years, the prices of goods and services rise, which reduces your buying capacity. This means that the
An Aadhaar card is a 12-digit unique number that works as identity and address proof. It is also required to avail of various government subsidies. Moreover, you will need an Aadhaar number to open a bank account, invest in various products like fixed deposits or mutual funds, apply for a
The Reserve Bank of India (RBI) issued a circular updating the rules for recurring payments using debit and credit cards. These changes became applicable from 1st October 2021 wherein cardholders are given the option to either approve or disapprove the transaction before it is auto debited. Most banks had intimidated
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