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
NRI Investment in Gold
Why NRI Investment in Gold is a good option? Gold has been a popular investment option for individuals. NRI Investment in Gold seeking to preserve and grow their wealth. Non-resident Indians (NRIs) also show interest in investing in gold due to its ability to act as a hedge against inflation and economic uncertainties. Gold isRead More
How Balance Transfer of Loan Reduce Debt?
One does not want to keep debt for a long time, everyone wants to reduce their debt and get rid out of debt, however managing debt can be challenging. If we implement the right strategy, we can manage our debt or reduce debt. One such the strategy is Balance Transfer of Loan. This article exploresRead More
Understanding Standard Deduction in Income Tax
Anything which saves Tax is welcome… isn’t it? Standard Deduction is one such deduction and we never think of it. Do you know before 2018, it went missing for few years and again came back in 2018? Why is standard deduction given then? What is the current standard deduction limit and who can avail standardRead More