“Home loan Term Insurance” are four words that ought to go hand in hand. Practically that is but it seldom happens. You would take a home loan to realize your long cherished dream of owning a house. For a middle class investor in India, this is a very strong financial goal to achieve and heRead More
What do Financial Year, Assessment Year and Previous Year mean ?
It is income tax filing season and you must be a victim of the often heard mumbo jumbo called Financial Year (FY), Assessment Year (AY) and Previous Year (PY). These are terms very commonly heard before July 31st, which is the last date for filing your income tax returns. If you closely look at theRead More
How much income tax can be saved by you ?
How does it feel when your hard earned money is paid to the government as income tax each month ? If it feels bad, maybe you need to be aware of how much income tax can be saved by you in a financial year. If the money was used for the overall development of theRead More
The difference between ULIPs and mutual funds
Investor are often confused and do not know the difference between ULIPs and mutual funds. Both of these products can be used to achieve your objectives in life, which could be saving for your child’s education or marriage, accumulating money for your retirement or keeping aside money for the down-payment of your house. Historically, ULIPsRead More
Different ways to get rich in your life
Ask the pundits, and they will rattle off so many different ways to get rich. But more or less, their basic principles will be same. Becoming rich is something which can be achieved through implementation of these rules. You might have heard about the easiest way to become rich or how to get rich quicklyRead More
Which ITR form to use for filing returns ?
If you are preparing for filing your income tax returns in India then you must be wondering which ITR form to use. The forms available are meant for different purposes so ensure that you understand your scenario first and then pick up which form to use. This year, the government has introduced the need toRead More