Family get-togethers facilitate talking to your kith and kin. It used to be a wholesome talking venue in the past. Now, half the time, most of the people are busy browsing their mobiles. On and off we do talk on dry topics like rain (too much rain this year!), weather …
Read More »How much returns can one expect from the Stock Market?
I can confidently say that all of us know that people are making money from trading or investing in shares. We also know a couple of other facts like (a) investing comes with high risks (b) the returns from shares are higher than from regular Fixed Deposits (c) Shares are …
Read More »A story of massive discounts, investments, and IPO
We love discounts, freebies, and gift hampers. Yes or No? Earlier, we were looking forward to a Discount sale which used to happen on certain occasions or annually. Gone are those days thanks to online portals/platforms. You can browse 24/7, 365 days, and find discounts on each and every product. …
Read More »What are the cons of following social media posts?
YouTube, Facebook, Instagram, or any other media content gives us a lot of knowledge. For some people, maybe enlightenment! It is, indeed, helpful. Having said that, I find a few disadvantages also. If you are a singer, dancer, actor, or artist, by watching hundreds of videos on social media, you …
Read More »Changes in the Tax Rules for Provident Fund Contributions
Are you an Employee contributing to the Employee Provident Fund (EPF) or General Provident Fund (GPF)? Then you must know the recent changes in the Tax Rules which are applicable from 1st April 2021. Good news – First – For now, there is no change in the tax rules concerning …
Read More »All about Benami Transactions
Benami is a familiar term. We, the middle-class Indians are born cursing politicians and bureaucrats who own Benami properties, isn’t it? It’s time to know more about Mr. Benamidar, the different shades of Benami Transactions as per The Prohibition of Benami Property Transactions Act! Benami covers both movable and immovable …
Read More »The basics of RoDTEP Scheme
RoDTEP stands for Remission of Duties and Taxes on Exported Products. It is a benefit scheme for exporters. Are you an exporter of Goods from India? If YES, are you in the pharmaceuticals, chemical, steel, or textile industries? If you are an exporter (around 8555 tariff items), but not in …
Read More »Want to know more about Nominee and his rights? Spare 3 minutes to read this
Mr. Ramakrishna aged 52 years, expired in June this year due to Covid. He is survived by his wife, 2 kids (one of them is over 18 years), and aged parents. He has left an Insurance Policy of Rs.2 Crores, Bank Deposits worth Rs.75 Lakhs, Mutual Funds and Shares worth …
Read More »Unicorns in India
A unicorn is a startup private company that has a valuation of over $1 Billion. In Indian rupees (at Rs.74/USD), a valuation of over Rs.7400 Crores. There are more than 700 unicorns across the globe and as of date, India has 52 unicorns. I was curious to know the meaning …
Read More »Should NRI’s file tax returns in India?
This is a rudimentary question, but most frequently tossed to us by the taxpayers. Here is the answer to all such queries. What is Income Tax Return (ITR)? Income Tax Return (ITR) is a document wherein any person informs the Government about his total income during the previous year (1st …
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Simplified Laws Guide to Taxation and Legal Concern