Many people in India are thinking that SIP is a type of mutual fund. If you say them NO, it’s not, then the next question will be “what is SIP”. Below in our article we have discussed what is SIP and how it’s different from the lump sum investment plan. In a Systematic Investment Plan or SIP, you invest a predefined amount regularly to a mutual fund scheme. Under SIP, … [Read more...] about What is SIP – Lump Sum or Systematic Investment Plan, which one is better
The intelligent investor review – A Classic Investment book written by Benjamin Graham
The Intelligent Investor is written by Benjamin Graham in 1949. The greatest investment advisor who is also known as father of value investing, has taught and inspired many investors worldwide. Since its publication, over a million copies are sold worldwide. Many investors read intelligent investor book to understand Graham’s work to learn about investment techniques that he … [Read more...] about The intelligent investor review – A Classic Investment book written by Benjamin Graham
How to transfer money from India
If you want to transfer money from India to anyone abroad then you can do so by following certain guidelines and restrictions. There are few methods by which you can transfer money from India. In this article we have listed 2 secured and easy online methods to transfer money from India. Transfer Money via PayPal If you and the recipient have a valid PayPal account then … [Read more...] about How to transfer money from India
How to become a SAP FICO consultant
The SAP FICO module is the most important module of SAP. To become a SAP FICO consultant, you are required to give lots of hard work and dedication in learning the process and configuration steps. At the early stage of your career, you should not expect much salary. For the first few years, you should concentrate on learning each part of the SAP FICO module. After a few … [Read more...] about How to become a SAP FICO consultant
3 best Traditional investment plans for higher tax deductions
Are you looking for an investment plans to get higher tax deductions on your income. If yes, then read this article to know 3 best investment plans that can help you in your tax planning. Public Provident Fund Public provident fund or PPF is a long term investment plans in India which will give you 8.7% interest per year. Section 80C of income tax act, allows tax … [Read more...] about 3 best Traditional investment plans for higher tax deductions
Recurring Deposits – Tax provisions on Interest and Principal amount
Recurring deposits are the best investment option when you do not have a lump sum amount to invest. In a recurring deposits scheme, you can invest a fixed amount periodically to get a good return at the end. In our previous article we have discussed income tax provisions on fixed deposits and various drawbacks. Today in this article we will discuss income tax provisions on … [Read more...] about Recurring Deposits – Tax provisions on Interest and Principal amount
How to download form 16B – TDS certificate for sale of property U/s 194IA
Form 16B is required in those cases where you bought an immovable property for a consideration in excess of Rs. 50 lakhs and you have deducted TDS @1% while making payment to the vendor. For deducting TDS from your payments you are required to issue certificate in Form 16B to the person from whose payment TDS has been deducted. Form 16B has to be downloaded from trace portal … [Read more...] about How to download form 16B – TDS certificate for sale of property U/s 194IA
Income tax slab rates for AY 2015-2016 – Financial Year 2014-2015
Financial minister Mr. Arun Jaitley 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 but basic exemption limit has been hiked by Rs. 50000. Now the earlier income tax rates as applicable to AY 2014-2015 will also be applicable to assessment year 2015-2016 but the … [Read more...] about Income tax slab rates for AY 2015-2016 – Financial Year 2014-2015
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 own merits and demerits. In … [Read more...] about 3 Major drawbacks of investing in fixed deposits
What is Gold Karat – How it’s measured in market
While buying gold ornaments or jewellery you must have noticed the seller or representative often describing 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 silver, zinc etc. Gold is very soft to make … [Read more...] about What is Gold Karat – How it’s measured in market