“I think post-Diwali will be better to invest in as markets are good during October. So Best Month to Invest will be the last quarter of the year” – These are exact words from prospective investors who missed a well-balanced investment strategy throughout his life. Now he underwent financial planning and when everything has beenRead More
Financial Planning
Understand Meaning of the Word Average Returns
The most misunderstood & vague word in Personal Finance is Average Returns. It is very common to think of Average Returns as (just) Returns. But these two words mean & signify a different picture. Let’s check this in today’s article and how it impacts your thinking. First Know Average, Then Average Returns Let me beginRead More
Pradhan Mantri Awas Yojana (PMAY)
Pradhan Mantri Awas Yojana (PMAY Scheme), a flagship mission of the Government of India being implemented by the Ministry of Housing & Urban Affairs was launched on 25th June 2015. It was launched by Honourable Prime Minister Shri Narendra Modi with the dream of providing affordable housing to every urban citizen. He has the visionRead More
Why NRI Want Kids to Get Foreign Education?
I was on a call with an NRI from Dubai. Husband & wife were fond of each other but had one contention… The husband was keen to settle in India after few years but the Wife was not. REASON: She was ready to adjust to any length but she wanted her children to get anRead More
Why & How NRI Should Close Indian Bank Accounts?
It is a fact that many Indians still keep their Indian Bank accounts without converting those to Non-Resident Accounts. This is a huge blunder and against the law. When asked – NRI Should Close Indian Bank Accounts the response they give is – Don’t Know… How To Do It… When to do it? etc etc..Read More
Taxation of Income in India for NRI (FY 2021-22)
Taxation of Income in India for NRI is an important element under Tax Planning for NRIs. India follows a progressive manner of taxation. Last Years Union Budget has divided the Income Tax System into 2 regimes. They are called the Old Regime of Taxation & New Regime of Taxation. Here is the complete details ofRead More