If you are a credit card user, you would have come across a number of terms that explain the various charges, financial parameters, and key metrics associated with it. But do you know what an interchange fee is? Interchange fee is probably the most important element in the world of credit cards and keeps the…
Income-tax returns: While the e-filing process has become quicker and easier over the years, the process can be daunting for for first-time filers. Here is a step-wise guide on how to file your ITR, how to get a copy of your filed returns, and what mistakes to avoid to make the process smoother. All Indian…
Mutual Funds: If you are contemplating investing in a mutual fund scheme, it is important to first compare its returns against those of other mutual fund schemes in the same category. Although past returns do not guarantee future returns, they play a vital role in helping an investor decide whether a scheme is worth investing…
Income Tax: Fewer than 30 days are remaining before the September 15 deadline to file the income tax return (ITR) for FY 2024-25. It is crucial for taxpayers to use the correct income tax return form to avoid rejection at the time of filing it. Notably, the income tax department has released the excel utilities…
Before opening a fixed deposit (FD) account, it is advisable to compare the interest rates offered by different banks for the same duration. Although most banks offer almost similar interest on their fixed deposits but a tiny variation of 50 basis points may bring a significant difference to the overall return over a long period of…
Income Tax Return: Filing an Income Tax Return (ITR) is an important obligation for every taxpayer in India. It allows them to report income, claim deductions, and pay any pending taxes. The Annual Information Statement (AIS) has been introduced to ensure transparency and accountability in the process. Here’s everything you need to know about AIS…
I have been living and working in Australia since 2015. I have an NRE account in India. I only have investments in mutual funds in India and NRE interest income. I’m redeeming units of a flexi cap mutual fund in which I had invested in 2019. Is it true that if tax deducted at source…
ITR Filing: Millions of taxpayers across India are gearing up for the approaching income tax return (ITR) filing deadline, which is 15 September. Filing ITR is only half the job done. Once the taxpayers file their ITR, they need to verify it. After verification, it is processed by the tax department and once the processing…
One such tool is the Married Women’s Property Act (MWPA), 1874, an over 150-year-old law that remains one of the most underused financial safeguards in India. What is MWPA and why should women care? The MWPA allows a married man to take a life insurance policy and designate the proceeds solely to his wife and/or…
If you are a new investor considering investing in mutual funds, it is recommended that you consider systematic investment plans (SIPs). For the uninitiated, SIPs enable small investors to purchase mutual fund units at regular intervals, typically every month, every quarter, or every fortnight, across various price points. The data released by the Association of Mutual…
