10 Reasons to Invest in Stock Market Right Now

10 Reasons to Invest in Stock Market Right Now

On Monday, we have witnessed biggest stock market fall. Sensex tank about 1600 points in a day, it is biggest single-day fall in past 7 years. The loss on account of this fall is estimated to be 75000 Crore. The reason for this correction is a global economy and China’s manipulation about currency. Some of the blue-chip stocks like L&T, SBI and Infosys are showing in red. So now is the time to invest in stock market. Why??? It’s not […]

How to Invest in Direct Mutual Funds Plans?

How to Invest in Direct Mutual Funds Plans?

What is Direct Mutual Funds Plan? How to Invest in Direct Mutual Funds?  If this question is bugging you here is the answer. Once you have decided to invest in mutual funds you have two ways of making Investment (1) Invest via distributor or advisor (2) Invest in Direct Mutual Funds. It is generally observed that Investor opt for the first option and go ahead with the distributor, however, it is advisable to opt for direct mutual funds. Here are […]

Deductions under 80G – IT Act 1961

Deductions under 80G – IT Act 1961

The need of charity in a resource crunched country like India cannot be undermined. Therefore, in order to encourage charity, the government has made a provision for deduction under 80G. At the same time, in order to prevent misuse of the tax benefit, the government only gives out tax soap for charities that meet a certain criteria. The amount donated can be subjected to either full or partial exemption. Any taxpayer – be it Individual or Company, can claim for […]

How to deal with Income Tax Notice?

How to deal with Income Tax Notice?

My one of the relative recently got Income Tax Notice via e-mail. He got panic and was unable to sleep for whole night. In the morning when he read that e-mail again, he encountered that E-mail was just reminder email for filing income tax return:). Well point here is “No one of us wants to hear from Tax man today”. Getting Income tax notice is the worst nightmare for taxpayer today. Why Tax payers get Income Tax Notice? Return not filed […]

Payment Banks India – Features and Benefits

Payment Banks India – Features and Benefits

Payment Banks is new buzz word and talk of the town today.Recently RBI gave approval of “Payment Banks” to 11 big companies including Reliance, Aditya Birla, Tech Mahindra, Airtel, Vodafone, Paytm etc. These companies can now establish Payment Banks as per RBI Guideline. What is Payment Bank? Payment bank is facility or services given to customer mainly for making payment. It is also called as PPI (Prepaid payment instrument). Payment bank is setup to increase financial inclusion, especially for remote […]