What is CPA and Why pursuing CPA is difficult from India

CPA stands for Certified Public Accountant. It’s just like chartered accountants in India. In USA, if you want to practice as a charted accountant then you have to pursue CPA from American institute of Certified Public Accountants (AICPA). CPA is licensed by the state board of accountancy and tells the public that the accountant carrying the prestigious designation has mastered… Read more →

Income tax slab rates for AY 2015-2016 – Financial Year 2014-2015

Financial minister Mr. P Chidambaram has presented union budget in parliament for the financial year 2014-2015. In this budget he has not changed the income tax rates and kept the earlier rate in place. Now the earlier income tax slab rates as applicable to AY 2014-2015 will also be applicable to assessment year 2015-2016 Here are the slab rates that… Read more →

3 Major drawbacks of investing in fixed deposits

3 Major drawbacks of investing in fixed deposits

Fixed deposit is one of the favored financial products in India to which most of the Indians are investing their hard earned money for a higher return. As the name suggest, money of investors are kept into this account for a predefined fixed tenure at a pre-agreed interest rate. However, like any other financial product, fixed deposit also has its… Read more →

What is Gold Karat – How it’s measured in market

What is Gold Karat – How it’s measured in market

While buying gold ornaments or jewellery you must have noticed the seller or the representative often describe the unit in Karat. Karat is a unit of measure to know the purity of gold. If the seller tells you a particular jewellery of 22 karat then it means, that jewellery has 91.06% (22/24) of gold and balance 8.4% of metals like… Read more →

How to exchange unusable or soiled or mutilated notes in India

How to exchange unusable or soiled or mutilated notes in India

Are you holding unusable notes ? You can exchange it by visiting any public sector or private bank’s cash counter. RBI has instructed banks to exchange notes that are either soiled or mutilated or are in unusable conditions. Soiled notes are those which have become dirty and slightly cut because of its use. Mutilated are those which are composed of… Read more →