10 Best Cashless Payment methods

10 Best Cashless Payment methods

It’s time to go cashless. The purpose of demonetization is not only to remove black money but also to encourage cashless payment. Instead of breaking your heads by standing in ATM queue you should adopt a cashless method for the transaction. A cashless method is more transparent as every transaction can be traced easily as it leaves its footprints. Many smart people have adopted new cashless payment options. If you are wondering which cashless option, you should adopt here is […]

5 Best Pharma Stocks for long term investment

5 Best Pharma Stocks for long term investment

Investment in good pharma stocks will turn out to be a lottery to the investor. This crystal clear message was given by Rakesh Jhunjhunwala India’s warren buffet at the beginning of the current financial year. It seems Rakesh Jhunjhunwala was right. Best Pharma Stocks has given a magnificent return in last one year. Moreover, investment in good pharma compaines for long term always pays good returns to the investors. The pharma sector is performing well and it is expected that […]

Where to invest money after Demonetization?

Where to invest money after Demonetization?

Demonetization is indeed a very good step towards eradicating black money and it will surely give good benefits in future. However, as a side effect, few investment options will be affected adversely. After demonetization of old Rs.500 and Rs.1000 notes, people are depositing money with banks. A heavy cash inflow in saving bank account will cause reduction in interest rates. SBI has already reduced fixed deposit interest rates for “Domestic Bulk Term Deposits”. What next? After reduction of fixed deposit […]

15 High Value Transactions tracked by Income Tax

15 High Value Transactions tracked by Income Tax

The transactions done in the high denomination is known as high value transactions. All high value transactions are tracked closely by the Income Tax department. It is mandatory to report all high value transactions in the prescribed format by the banks and all other financial institutions. The prescribed format is called as a Form 61A or Annual Information Return (AIR). Any mismatch found in Income reported in ITR vs investment/expenditure may lead to Income tax notice. So, you need to […]

Micro ATMs – How it is different from other ATMs?

Micro ATMs – How it is different from other ATMs?

ATM has made our life very easy. There is no doubt about it. However, in the cash crunch scenario like today Micro ATMs is the best suitable option. Micro ATM is small POS type machine. Micro ATMs allows customers to perform financial transaction like cash deposit, withdrawal, and fund transfer. In this post, we will discuss about Micro ATM and its benefits. What is Micro ATMs? Micro ATM is a mini version of an ATM. Micro ATMs are like modified […]

No Income Tax in India – Modi’s Next move

No Income Tax in India – Modi’s Next move

Imagine how good it is if Income Tax is abolished in India? No tax means more money to every individual. You must be thinking is it a joke or what? Well, it is not a joke. No income tax in India is expected to be Modi’s next move. After demonetization of old high denomination notes, the government is expected to roll out next economic reforms and No Income tax could be one of them. Let’s discuss how this dream can […]