Life Insurance coverage: How much do you need to buy? Life Insurance purchase decision is often regarded as an intricate process. From choosing the right insurer to determining the adequate sum assured, needs to be handled wisely. The sum assured or the life insurance coverage needs to be adequate to ensure that your dependents lead […]
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Everything you need to know to use UPI – Unified Payment Interface Unified Payments Interface (UPI) is an innovative application launched by the RBI and developed by National Payments Corporation of India (NPCI) to make India a cashless economy. UPI app is available for download on Google Play Store. As compared to traditional methods of
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Choosing between Value, Growth or GARP: Click here to be a part of myMoneySage Elite an exclusive community to the elite and discerning who want to maximize their wealth by leveraging the power of unbiased advice Stock-picking is a process wherein you conduct a systematic analysis to select a few stocks to add to your
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Procedure to apply for an IPO via ASBA: Whenever a company is raising money through an Initial Public Offer(IPO), three categories of investors bid for it namely Retail Individual Investors (RIIs), Qualified Institutional Bidders (QIBs) and Non-Institutional Investors (NIIs)/ High Networth Individuals (HNIs). So, if you are a retail investor and want to invest in an IPO, you
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Fixed Deposits vs Debt Funds: Which one to choose between the two? Bank Fixed Deposits in India are considered to be one of the safest instruments for investment. After all, they promise you a fixed rate of return along with the safety of your capital. Not many people know that they could lose their FD money in the
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Here is a comparison between NPS and Mutual Funds: The New Pension Scheme (NPS), a defined-contribution scheme initially launched for the government employees, was extended to all the citizens of India by the end of 2009. It is an ambitious annuity plan aimed at building a vast corpus to provide regular income to you, post-retirement.
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Here is how you can e-Verify your Income Tax Returns (ITR): Did you know that Verifying your ITR is as important as filing your return? Please be noted that your ITR will not be valid until it is verified. As per the conventional process, you can verify the return either using Digitally Signed Certificate (DSC) or by
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All about Income Tax Refund process: Mr. Raj Malhotra, an IT Professional files his Income Tax Return every year on time. He filed his ITR through paper mode for the Assessment year 2015-16, and the Income Tax amount which he paid was higher than the amount computed by the Income Tax Department. As a result, he
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Here is how you can handle a notice for Non-Filing of Income Tax Return: Mr. Rakesh Mourya is a regular Income Tax payer who files his Income Tax Return every year on time. For the financial year 2013-14, he skipped filing the IT Return as he changed his job and also his gross income did
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Here is all about a new initiative by RBI to restrain illegitimate money collection schemes: It was as recent as December 2015, when one of the Ponzi schemes came into limelight. It was with the arrest of the chief of Sai Prasad Group of Companies, he was arrested for collecting up to Rs. 2000 crores from around 20 lakhs
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