This is part 2 of the series – How increased TCS Rates Impact can be reduced on Remittance under LRS? We already discussed how parents of kids studying abroad can reduce the burden of increased TCS (Tax Collected at Source) through proper planning of remittance. Here we will discuss how travelers can reduce the TCSRead More
Add-on Covers for Car Insurance
A crucial component of proper car ownership is car insurance. In the event of accidents, theft, or damage to your vehicle, it offers safety and financial security. Add-on Covers for Car Insurance, commonly referred to as riders or endorsements, extends a car insurance policy’s basic coverage. In this article, we shall go a little deepRead More
NRI Term Insurance Plan
Life is full of uncertainties and everyone wants to secure their family and their children’s future. NRIs are no different & they can also avail of NRI Term Insurance Plan in India. NRI Term Insurance Plan secures the future of your loved ones. Every Indian citizen and NRI is also eligible for this protection. TermRead More
Concept of Beneficial Nominee in Insurance
When unexpected events occur, insurance is a crucial financial tool that gives people and families financial stability and peace of mind. The idea of a “Beneficial nominee in Insurance” is essential to ensure that the intended benefits of the policy are granted to the appropriate recipient. This is more prominent in Life Insurance. Imagine aRead More
New TCS Rates on Remittance Post Oct 01, 2023
New TCS Rates for Remittance will apply from Oct 01, 2023. Outward Remittances of beyond INR 7 Lakh, will attract a TDS of 20%. The previous TDS Rate was 5%. (Except payments made for Education or medical purposes). So let’s check the details of this new rule of 20% New TCS Rates on Remittance internationally.Read More
Unclaimed Deposits – Claim Your Money
Unclaimed deposits are funds or the amount of money that individuals have forgotten to claim back. Unclaimed deposits run is crores in India. People or their heirs have forgotten or not in a position to claim these unclaimed deposits. Irony … right. How can someone forget money! Funds that is often left idle in variousRead More