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Section 80G Deduction : Income Tax Deductions for Donations

The tax benefit of donating to charity Dhruv donated a small amount to a charity and was pleasantly surprised to find out he could claim a tax deduction on the donated amount. He wasn’t aware that donations to some charities entitled him to a tax discount. So Dhruv got a double benefit by donating to a worthy cause –it not only helped him do some good in society, he also got to pay less tax! He was the beneficiary of Section 80G of the Income Tax Act which reducedhis taxable income for making these donations. Section 80G deduction is available...more
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What is Credit Rating & How to Improve Cibil Score

How to improve your credit rating There are many who have experienced the disappointment of a rejected credit card or loan application! Many know the feeling when in dire times, that personal loan wasn’t sanctioned because the ‘credit score’ was not good enough! In the past few years, as the term ‘credit score’ has attracted much attention and understanding, it is the first step to improving it. What is a credit score? In simple words, credit score is your rating with banks and financial institutions which is based on your record of repaying loans / credit card bills and your...more
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What is Investment Banking & Know Investment Banks Client

All you need to know about investment banking in 6 easy points Investment banking is a specialized division of banking operations and its working is very different from regular banks. While regular banks take deposits from consumers and offer services like loans, etc., investment banks offer advisory services to corporate and other major clients to raise funds or buy/sell/trade in the market. So here’s all you need to know about investment banking! 1) What is investment banking? Investment banking is a division of banking that plays a major role in corporate deals, trades, raising funds, etc. Be it a merger...more
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HOW TO IDENTIFY THE BEST SIP MUTUAL FUNDS?

Mutual funds have fast become an investment choice for many owing to the convenience and range of choices – in asset classes, tenure, minimum investment, etc. And systematic investment plan (SIP) is one of the easiest and convenient ways to invest in mutual funds. What is SIP? One of the most important qualities of SIP is that it encourages financial discipline in your life. SIP allows you to invest a fixed amount in a mutual fund scheme on a regular basis – monthly, quarterly or even annually, you choose! As per your instructions given to the bank, the said amount...more
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WHAT-IS-TAX-PLANNING-AND-KNOW-TAX-SAVING-INVESTMENT-OPTIONS-IN-INDIA

Secrets of Tax Planning: 11 effective ways to save tax! Come the fiscal year-end and everyone is scrambling to make their tax-saving investments! Many times in haste it isn’t even well planned and several individuals end up making investments they don’t really need or which cannot fulfill their financial goals. Therefore it is important that tax planning is done in advance, so that you get the best out of it – you save tax efficiently and make investments that actually work toward fulfilling your goals! What is tax planning? Tax planning is analyzing a financial condition from the tax perspective....more
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What is Credit Rating & How to Improve Cibil Score

There are many who have experienced the disappointment of a rejected credit card or loan application! Many know the feeling when in dire times, that personal loan wasn’t sanctioned because the ‘credit score’ was not good enough! In the past few years, as the term ‘credit score’ has attracted much attention and understanding, it is the first step to improving it. What is a credit score? In simple words, credit score is your rating with banks and financial institutions which is based on your record of repaying loans / credit card bills and your current credit health. Therefore, if your...more
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How mutual funds work to make profits for you?

Mutual funds today are one of the most successful and popular investment vehicles to grow your money. However, only a few are truly aware about how a mutual fund makes money for the investors. How do mutual funds work? In simple words, a mutual fund is a collective fund where individuals of the same mind pool in money to invest in a chosen asset class/es. This gives you the ability to invest in an asset class which you could probably not afford alone or not be able to due to lack of knowledge, experience and information. This collected money is...more
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The importance of wealth management 4 benefits that will change your life

When it comes to finance, everyone has but one goal; to be financially well-off. But getting to a space of financial comfort is a long journey; it takes patience, perseverance and a lot of discipline and wise investments to get there. We may also need the help of financial advisors who can help us formulate strategies through which we can achieve our financial goals. While one can save a lot of money by relying on conventional methods, it takes skill to create wealth and make investments. This is where wealth management experts can step in. They can help you design...more
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Want to trade? Try online-The benefits of online trading

With the world going digital, the possibilities of conducting business on the virtual screens of our computers and mobile phones have increased tremendously. As long as we have a smart, internet-enabled phone, there is nothing that cannot be achieved. Whether it is drafting important business mails, accessing your bank accounts or even sending and receiving money, everything is now possible simply by logging on to the internet. In fact, one of the most popular online activities to have risen in the recent years is that of online trading. Yes, online trading has become a realitywith new investors taking over the...more
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7 tips to get you started on a profitable journey in the equity markets

The equity market is an intriguing place. It is one of the many tools used by investors to create their corpus. A good equity investment may help one earn profits and a wrong one can cause one to lose a lot of money. Most people look at equity trading as if it were a gamble, but the fact of the matter is that if one does their research and invests in shares prudently, there are very rare instances where one can lose money. If you have been contemplating entering the stock market for a while now, here are a few...more
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