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How to Make Will Online?

Shitanshu Kapadia
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How to Make Will Online?

How to make will online? – My friend is working professional. He has planned his wealth so well. He has a house, bank balance, investment. He is so happy. His life seems all set. He has very good career, savings & insurance. But, he is lacking in succession planning. He has not prepared his will. He passed away recently without any will. He has not placed any nomination in the investment. His family suffered a lot in absence of succession planning.

Believe me or not, making a WILL is one of the important aspects of financial planning. What will happen to your wealth after you is decided by a document called as WILL.

In absence of a will, distribution of wealth to a family can be delayed or may be improper. In India, a rule of succession is applicable in absence of a will. This means property and wealth are disturbed among lineal descendants whatsoever. So, it is better to make a WILL to ensure that your asset and properties are given to desired beneficiaries. If you have not made your WILL and planning to do so here is a complete guide for making WILL online.

make will online

Factors to consider while making a Will

You should consider following factors while making a Will.

Assets Covered Under the WILL

The first thing you need to answer is asset covered under WILL. All your movable and immovable assets including Fixed Deposits, Money in Bank Account, Securities, Real Estate, Bonds, Art, precious metals like gold, diamond, silver your websites and your Intellectual Property Rights can be covered under WILL.

Beneficiaries

Beneficiaries are person or organization that you wish to benefit from your will. Any person of any age including a minor can be beneficiary.  You should decide right beneficiary for your asset before making a Will.

Executor

An executor is someone you have named in your Will as the person you would like to be responsible for handling your affairs after your death. The executor has to deal with all paperwork and legal aspects. An executor should be a trustworthy person.

Executor services can provide valuable guidance to help you create a comprehensive and legally sound will, addressing potential complexities and ensuring a smoother estate administration process in the future.

Will Document

Please note that it is not mandatory to use stamp paper for making a will. You can use plain A4 size paper and write a statement of will. This document must be signed by two witnesses.

Registration of Will

It is not mandatory to register will. But, looking at fraud and document tampering it is advisable to register the will. In order to register WILL you need to contact the registrar and pay nominal fees for registration.

Also Read – Top LIC Pension Plans for Retirement Planning

How to make Will Online?

There are many websites that offer the facility of making WILL online. One such website is willjini. Willjini provide services of making Express Will, Standard Will, Premium Will and Joint Will online. You can also opt for customized offline will. It is a paid website.The cost of every will is different.

  • Express Will – Rs.1500
  • Standard Will – Rs.4000
  • Premium Will – Based on time and Efforts
  • Joint Will – Rs.14000
  • Customized Offline Will – Rs.10000

Express will is simple, quick and available at minimum cost. It just take 10 minutes to make express will. The will made via this method is secured, reliable and Legal as per law.

The The method for making Express Will online using willjini is given below.

Step 1: Visit the willjini website. Click on Login/Registration.

Step 2: Register by providing basic information.

Step 3: Once account created, login using your USER ID and PASSWORD.

Step 4: Create your profile and fill up basic information. Make a payment for Express Will.

Step 5: Next, fill all the questionnaire provided. This includes family details, the assets you own and distribution wishes and witness detail. Review the details provided and click on Submit.

Step 6: Click on generate button to get an email with Word document as your will.

Take a printout of the Final will document on a plain paper and Sign it in the presence of two witnesses.

Advantages of Online Will

Few advantages of Online Will are given below –

  • Easy Process for creating a Will through your mode of choice
  • Complete Online guidance by legal experts
  • Simple & Convenient way to secure wealth distribution
  • Safe and secure.
  • Will creation and correction

Over to you –

Do you prefer online option for creation of will?

Have you created your will online? If yes, do share your experience.

10 Fiverr Gigs & Work From Home Job Ideas

Shitanshu Kapadia
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0
10 Fiverr Gigs & Work From Home Job Ideas

Fiverr Gigs is one of the best ways to make money as a freelancer. It is an online market place that allows you to sell your Gigs. 

You just need an internet connection, few hours and suitable skills that’s it. You can make a lot of money from Fiverr. Students, housewives, and even professionals should try out Fiverr.com for earning money. It is one of the best online market places for making a decent monthly income. 

So excited to know more about Fiverr Gigs!

Here is complete information about Fiverr Gigs. I am sure that the information given here will surely help you to make money online on Fiverr.

Fiverr Gigs Work From Home Jobs

What are Fiverr Gigs?

Fiverr provides a facility to place your advertisement page. The page placed on Fiverr is known as Gig. The actual meaning of Gig is a Temporary Job. So, If you are looking for a temporary job online you can put Fiverr Gigs. You require the appropriate talent and skill to execute a Gig.

To get a job you need to showcase products and services on the Gig page. When you design the page (Gig) you have to be expressive. You need to put up attractive images, case studies, customer feedback on the page. You can also add a description on the page about your services in 150 to 300 characters. 

This is to enhance your brand value and attract potential buyers. You can select your gig from the list of available categories on Fiverr. The price of each Gig starts from $5. Due to five-dollar price, the name of the website is Fiverr. Once your Gig is setup you can edit it at a later stage to add additional products and services.  

Also Read – 15 Home Based Jobs – Work from Home and earn Rs.25000 per month

How to Join Fiverr?

Joining Fiverr is every easy. You just need to create an account. It hardly takes 2-3 minutes. 

Visit Fiverr.com and click on the Join button given at Topmost corner. It allows you to create an account with Facebook, Google and Apple ID. Alternatively, you can also register using an e-mail ID. 

On the registration page, you need to provide a unique username. Once you are registered you will be redirected to the page where you can find services. You can also post request about what service you are looking for?

Next step is creating your seller profile. You need to put up your personal information, profile picture, description. Now visit the Selling menu and click on Create A New Gig. Provide scope, pricing, description & photographs. Once you are done click on the publish button.

Once your Gig is published you need to wait for the potential customers. Once you receive the order you can respond to order and execute the task.

What is Unique about Fiverr?

Fiverr is unique compared to all other online market places. Few things which I like about Fiverr are – 

  • Every small gig here starts with $5. This means you will get paid at least $5 for a gig. 
  • It is a free platform where you can join with Google, Facebook, or E-mail ID.
  • Multiple readymade categories for posting your Gig.
  • You can put your talent, skill, and resource on display for anyone to buy.
  • You need not be an expert or professional to post your Gig on Fiverr.

No specific qualifications required for Fiverr. A low skill person who can write, draw, sketch, or design something creative can join Fiverr. A highly skilled professional who knows programming and software testing can also join Fiverr for making money. 

If you are not using Fiverr, probably you are doing the biggest mistake. 

Before going through Best Fiverr Gigs given below, I recommend to go through Fiverr site and check what types of Gigs people are offering and how they are making money online. 

For example, you will find many people offering video making services. They have got very good voice quality, pretty face & video making skills. If you have these qualities, you should use it by selling it on Fiverr.

If you are looking for Unique Fiverr Gigs ideas here is 10 Fiverr Gigs & Work From Home Job Ideas.

10 Fiverr Gigs & Work From Home Job Ideas

#1 Text Logo Design

If you have expertise in designing Logo this Gig idea is for you. You can design a professional text logo for your client. You can use a free logo maker tool or paid tool such as Adobe Photoshop or Paintshop pro. You have to be creative and extraordinary in designing a logo. You can charge $5 to $10 per logo.

#2 Sharing your Diet Plan

Sharing your diet plan and earning money is a unique idea. If you have a fit body and you have followed a strict diet plan, this gig is for you. In this Gig, you need to post your picture or video showcasing your body. The main idea is to attract people to reduce their weight. Many people are looking for weight reduction. You need to advise them with a proper diet plan. It is a sure shot gig to get success on Fiverr.

#3 Social Media Promotion

Social Media Promotion is next on the list. Many bloggers are looking for people who can help in doing social media promotion. You have to commit fix like or increase in a fixed number of following. You need to place your Gig at Fiverr with a description that shares your expertise and experience. You can charge fix price for your services.

#4 Personalized Gift  

Selling a personalized gift over Fiverr is next in the list. You need to customize gifts based on the need of the client. You can use a special message, picture in a creative way. The gift could be a physical gift or e-gift like an e-card, animation, video, etc. You should have expertise in designing a personalized gift. You can charge from $5 to $100 for this Gig.

#5 Designing Resumes and Cover Letters

Designing Resumes and Cover Letters is next in the list of Best Fiverr Gigs. In this Gig, you need to design a professional resume and cover letter for your client. You can use a tool or an online website for the same. Showcase your expertise in the Gig by writing a good description and testimonials. You can include a photograph for the resume sample. 

#6 Designing PowerPoint Presentation

One of the simplest ways to earn money is by designing a powerpoint presentation. If you are creative with a good grip over PowerPoint Theme and templetes this Gig is for you. In this Gig, you need to design powerpoint presentation for your client. You can post sample powerpoint presentation or client testimonial as well as experience detail in the gig description. It is a wonderful and easiest way to earn money via Fiverr.  

#7 Video Making 

Video Making is next in the list. If you are good at creating white board animation video or two dimensional explainer video this gig is for you. You can offer script writing, professional voice over, back ground music and unlimited revision.

#8 Content Writing

Writing SEO optimized content is another gig. If you can produce well research, informative and engaging content which are SEO optimized this gig is for you. You need to post your gig on Fiverr by creating a profile. You should have experience in content writing.

#9 Translation Work 

Translation job is next in the list. Here you need to provide services for translation from one language to other. You have to specify that you have expertise in which language. You also need to mention timeline and services offered by you in this gig.

#10 WordPress Speed Optimization  

WordPress expert can opt for speed optimization gig. In this gig you need to audit the website and find out reason of slow speed. You need to optimize speed and guarantee increase in the search engine ranking. You can add testimonial and service review in the description.

Over to you 

Do you use Fiverr to make money? How you promote your Gigs? 

Well, if you have any other unique Fiverr Gigs ideas for earning money, please share it. We would love to learn it from you.

New 26AS – Check New 26AS changes before filing ITR

Shitanshu Kapadia
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0
New 26AS – Check New 26AS changes before filing ITR

New 26AS is introduced by the Income Tax Department. The new 26AS form contains more detail about your financial transactions like real estate, equity, mutual fund, credit card, etc. So, make sure to check the 26AS form before filing ITR. This form also includes your personal information such as Aadhaar Card, Date of birth, mobile number, etc. 

Most of us are familiar with form 26AS and its usage. Form 26AS contains details about tax deducted at source and tax collected at source. This form also contains information about the tax paid and refund generated.  

Now Form 26AS contains a lot of additional information. One should check New 26AS changes before filing ITR. If you worried about new Form 26AS and changes incorporated here is a complete post explaining New 26AS form.

New 26AS Changes

New 26AS

Personal Information 

The format of 26AS is changed. Now, this form also contains personal information like Aadhaar number, date of birth, mobile number, email ID of the taxpayer. Till now only PAN, name, and address were provided in Form 26AS. 

The additional information in Form 26AS makes you aware of the email ID, mobile number registered with the Income-tax department. The information mentioned in Form 26AS should be correct. 

The Income-tax department sends communications to taxpayers via SMS and e-mail. If you don’t want to miss any communication from the Income tax department you should keep these details updated.

Also Read – Income Tax Calculator FY 2020-21 (AY 2021-22) – Excel Download

Financial Transaction related Information

As of now Form 26AS provide the following information

  • Tax deducted by deductors on behalf of Tax Payer
  • Tax collected by collectors on behalf of Tax Payer
  • Advance / Self-Assessment tax deposited by Tax Payer
  • Refund paid by ITD to Tax Payer
  • AIR Transactions

New 26AS form will also provide information about financial transactions related to equity, mutual funds, credit card payment etc. You must be aware that the Income Tax department monitors financial transactions done by individuals above a certain value. Now information about the financial transaction will be available in your Form 26AS. 

The availability of transaction details in this form helps the taxpayers to verify and initiate corrective action in case the available information is incorrect. A taxpayer should verify the details given here before filing the income tax return.

You will see the following information in New Form 26AS.

Cash transactions 

  • Cash payment for the purchase of bank demand draft or banker cheque where aggregate payment is 10 lakh or above in the financial year.
  • Cash deposit and withdrawal from one or more current accounts of a person where aggregate value is above 50 lakh or above in the financial year.
  • Cash deposits in one or more accounts of a person, if aggregate payment is 10 lakh or more in a financial year.

Credit Cards & Fixed Deposit 

  • Payment made in cash for credit card dues aggregate amount of 1 Lakh or above by the taxpayer in a financial year.
  • Credit card payment done using any mode for one or more credit cards with an aggregate amount of 10 Lakh or above in a financial year.
  • A fixed deposit or renewal of fixed deposit with aggregate payment is 10 Lakh or above in a financial year.

Equity, Mutual Funds & Real Estate

  • Equity or Mutual Funds purchase by taxpayers with an aggregate amount of 10 Lakh or above in a financial year will be mentioned. Transfer from one scheme to another scheme will be not included.
  • The purchase or sale of real estate, if transaction value or Stamp Valuation of property is 30 Lakh or above. 

Forex 

Receipt from any person for sale of foreign currency including credit of such currency to foreign exchange card, if aggregate payment is Rs 10 lakh or more in a financial year. 

Expense made in foreign currency via debit card or credit card, demand draft or any other instrument, aggregating to 10 Lakh or above in a financial year. 

How to download your New 26AS Form?

Follow the steps given below to download New 26AS Form.

  • Visit the income tax department’s official website: www.incometaxindiaefiling.gov.in
  • Login with PAN Number and associated password.
  • Visit “My Account” navigation menu and view “Form 26AS (Tax Credit) link.
  • You will be asked to confirm about redirecting to TDS-CPC portal. Click on the confirm button and proceed.
  • Here you will be able to see Annual tax statement. You need to select Assessment year and view as option. You can view as HTML or text format. 
  • Press View/Download button and form will appear on screen.
  • You also get an option to export this form as PDF. 

Do you think additional information available in the New 26AS helps while filing an income tax return?

10 Best Direct Mutual Fund Platform in India

Shitanshu Kapadia
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0
10 Best Direct Mutual Fund Platform in India

Which are the best direct mutual fund platforms in India? How to evaluate and zero down to Best Direct Mutual Fund Platform? Well, recently while investing in the mutual funds online I have come across multiple online mutual fund platforms. I have evaluated these platform from features, user interface and coverage of fund house. Here is a summary of my research in terms of Best Direct Mutual Funds Platforms in India.

What is Direct Mutual Funds Platforms?

Direct mutual funds platforms are websites or apps that allow investors to buy mutual fund directly without any intervention of middlemen or broker. As no middlemen or broker is involved buying mutual fund directly from direct mutual funds is beneficial in terms of cost. In addition to cost, these platforms offer various additional features and ease of operation.

Also Read – Zerodha Coin – Direct Mutual Fund Platform Review

How to evaluate mutual fund platforms?

To evaluate mutual fund platforms you need to consider the following factors.

  • Features offered by mutual fund platforms and its usage.
  • Coverage of multiple fund houses on the single platform.
  • User friendliness of the platform for the operation.
  • Technical stability and service quality of the platform.
  • The reputation of the direct mutual fund platform.
  • Fees applicable for using mutual fund platform.

direct mutual fund platform india

Best Direct Mutual Fund Platform in India

Here is a list of 10 Best Direct Mutual Funds Platforms in India.

CAMS Online/My Cams

CAMS Online/My Cams is one of the best direct mutual funds investment platform. I am using this platform for the past three years. My Cams is a 100% free platform. It supports 14 mutual fund service providers. You will get dashboard view for mutual fund holding and asset allocations while logging into this platform. Key features of CAMS Online direct mutual fund platform are given below.

  • A completely digital process to setup SIP.
  • Dashboard view mutual fund wise and asset class wise.
  • Online statements for portfolio, capital gain and portfolio valuation.
  • STP and SWP facility online.
  • Schedule future transaction facility.
  • Two factor authentication while logging.
  • Mobile App to monitor your investment.
  • 100% free platform with good customer support services.

Karvy – KFIN KART

Karvy KFIN KART is one of the best direct mutual fund platform. You can invest, track and manage across multiple mutual funds using this platform. It will provide web based version as well as app version. Total mutual fund AMC supported by Karvy is 19. It is 100% free platform like My Cams. Key features of KFIN Kart are given below.

  • Portfolio dashboard for viewing multiple folios.
  • Link family portfolio at single click.
  • NAV tracker including historic NAV.
  • Folio level and consolidated statement.
  • SIP registration and cancellation.
  • Live notifications.
  • Omni channel customer support.

MF Utility

MF Utility is one of the most popular investment platform in India. MF Utility is promoted by AMFI. Investors can conveniently invest direct plan of mutual funds via this platform. The service offered by MF Utility is completely free and paperless. MF Utility supports 39 Mutual funds AMC for investment. Key features of MF Utility are given below.

  • Provides CAN based consolidated view of investments across the industry.
  • Single payment for multiple scheme investments across mutual funds.
  • Industry level triggers, alerts, reminder etc.
  • go MF App to manage mutual funds on the move.
  • Prompt customer service.
  • 100% free platform.

Kuvera

Kuvera is free direct mutual fund investing platform. You can consolidate and track your entire mutual fund portfolio at single place using Kuvera. Kuvera allows you to manage investment of your entire family using single login. This platform supports 37 fund houses. Key features of Kuvera is given below.

  • Clean and easy to use interface.
  • Import facility of existing portfolio.
  • One click switch to direct funds.
  • Goal planning option.
  • Family account management.
  • Large number of mutual fund house supported.

Groww

Groww is comparatively new online mutual fund investment platform. Groww claims of using latest technology for it platform. Groww is famous for its simplicity and transparency. Features of Groww are given below.

  • Compare mutual fund scheme easily.
  • Zero fee and no transaction charges.
  • Dashboard to track all your investments.
  • Latest security standard to keep your data protected.
  • 17 different mutual fund house supported.
  • UPI based investing with a single click.

Coin by Zerodha

Coin by Zerodha is one of the most popular direct mutual fund investment platform. You can invest in regular as well as direct funds using this platform. It gives unified view to for all direct mutual funds, ETF, bonds and stocks. It is 100% free easy to use platform. It supports 31 mutual funds AMC for investment.

  • You can create, pause and modify your SIP anytime.
  • Fund your SIP instantly via UPI payments.
  • Unified portfolio view.
  • Support of Zerodha platforms such as Kite, Console and more.
  • Search facility to buy across 31 direct mutual funds.
  • Single capital gain statement.

ET Money App

ET Money App is single app for managing all your investment including direct mutual funds. Free portfolio check by ET Money expert and daily updates on portfolio performance are plus points of ET Money. Benefits and key features of ET Money are given below.

  • Automate investment via smart solution.
  • Get free portfolio health report.
  • Dashboard to track all your external mutual fund investment.
  • Invest via web based platform as well as app.
  • Completely paperless process.

Paytm Money App

Paytm has also launched mutual funds investment platform called as Paytm money. Paytm claims that investment via their platform is simple, transparent and easily accessible. Paytm money app based investment platform which offers lot of features.

  • You can invest in 40 leading mutual funds AMC via this platform.
  • It gives UPI, net banking and auto pay options.
  • Real time portfolio insights and statement.
  • Import your existing mutual fund investments.
  • Instant fund redemption option.
  • Compare direct mutual fund returns with other options.
  • KYC verification in 30 minutes.

Mobikwik (Earlier Clear Funds)

Mobikwik is somewhat new in the list of direct mutual fund platforms. It is completely free mutual fund investment platform. You can invest in 36 different fund houses using mobikwik platform. Key features of Mobikwik mutual fund platform are given below.

  • Paperless approach for investing in mutual fund.
  • You can get unbiased advice in free.
  • Complex data analytics to recommend best performing mutual funds.
  • Bank grade security for investing money online.
  • Smart real time notification to get updated information at right time.

Goalwise

Goalwise claimed to be one of the best direct mutual fund investment platform. Like all other platform this platform is also completely free and offer mutual fund investment with zero commission. You can invest, redeem or stop SIP completely online anytime using this platform. Key features of Goalwise are given below.

  • Goal centric approach.
  • On/Off track recommendation.
  • Rebalancing of portfolio.
  • Glide path for asset allocation.
  • Customized investment option.
  • Highly responsive customer support.

Over to you

Do you use direct mutual fund investment platform?

Do share your experience in the comment section given below.

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