This is a purely subjective matter. If you’ve got the financial means, you may want to reckon giving money to family members with no strings attached. For this financial year, family members can lend as much as they like as an individual without triggering gift tax laws. Loan to Family member Tax Implications India Does any loan to a family
05
Oct
Oct
Being a loan guarantor for your friend or family members could be a generous move, however any default or skip can put you in a tight financial spot. Let’s take a look at the financial responsibilities of a loan guarantor. By accepting to be a guarantor for a loan, you are assuring the lender of
28
Sep
Sep
What is E –Nomination for PF Account? Every employee holding a PF account must assign a proper nominee out of its family members so that they do not have to frequently visit Government offices to get their provident fund claims sorted. A timely nomination eases out a lengthier process ahead in the journey. The process
18
Sep
Sep
As per some interesting reports, the number of start-ups have almost multiplied 7X times from 7000 in 2008 to 50,000 in 2018. That’s almost unbelievable! We see a spike in innovative launches in field of artificial intelligence, Fin-tech, food, health and more. Now startups are rage in smaller cities as well, besides the tier 1,2
15
Sep
Sep
Let’s start with the basic definition of Udyog Aadhaar: As we already know about the contribution of small and medium businesses (MSME industry) towards India. These companies play a significant role in increasing the GDP & boosting the Indian economy Today, several schemes are run by the government for small starters & entrepreneurs. The basic intention is to promote small scale companies and expedite its financial progress to avoid shutdown or loss-making
10
Sep
Sep
Whatever one can afford depends completely on his/her income and another share of expenses, like education loan instalments, groceries, basic clothing, etc. There are different logics you can apply to set up how the rent will be deducted from your salary & help provide apportionment of the remaining. Let’s have a look as given under: 1. The 30% rule Precisely, this popular rule of thumb is about spending 30% of
09
Sep
Sep
In the past few years, small businesses have found an economical route of social networking sites/apps to promote their business and have taken advantage to spread the word digitally & otherwise. Today, the digital channels have a strong presence in lives of all of us. In the same way, WhatsApp has played a collaborative role
07
Sep
Sep
Even before COVID 19 pandemic knocked our doors, work from home was trending as the new normal. It is surely becoming more & more usual as people can observe the merits of being at home & yet working. This helps us with the travelling related hassles as you do not have to move out. At the same time, it’s important to keep the
03
Sep
Sep
We don’t hear often as to why spending money is as perfectly okay as saving it in your bank accounts. We’re constantly been told how every purchase adds up over time and are detrimental to your finances. It’s not just newspaper articles but even top notch financial consultants who stamp the ‘savings’ theory. Concept of
01
Sep
Sep
How would it be to have money credited to your bank account even while you’re sleeping at night? It may sound slightly absurd, but it’s actually possible to have a home business which pays you even while sleeping, spending quality time with family or engaging in other important activities. How to Generate Passive Income: Let’s
31
Aug
Aug
One of the best personal finance concepts we’ve ever heard is of the ‘emergency fund’. A good chunk of people disregards the idea of using emergency funds as an essential part of personal finances. However, they fail to anticipate their ultimate use during tight spots. Emergency Funds Are the First Line Of Defense Against Financial insufficiencies An emergency fund you
05
Aug
Aug
The gaining popularity of credit cards is quite evident & can be seen denting an impact on the lending & borrowing space. Every other day we hear of newer cards being launched in the market to meet the detailed needs. Different cards enter the market with a whole new range of features and added advantages.
27
Jul
Jul
We hope that after an exciting 2019, the plans for 2020 are even better with a delightful list of destinations. It’s a good practice to keep a definite plan ready along with the shortlisted places on chart. This year, in 2020 chalk out newer places within India for adventurous trips & unmatched travel experiences. This
15
Jul
Jul
The coronavirus has surely been turning fatal taking toll on so many innocent people. And this is not just happening in India but also massively outside. This is almost like punishing them by keeping them sealed indoors & pumping in the spirit of fear & insanity. Amidst all the confusion, Covid19 has a few positive
13
Jul
Jul
We are witnessing how the superpowers are already striving hard to cope up with an economical shutdown & falling demand for consumer products. The strongest economies are worried about how to drive growth amidst the corona virus scare in the country. Quite a few Indian sectors have reached a critical state & are hoping for
03
Jul
Jul
Over the past few years, the number of individuals choosing personal loans to finance their big purchases, travel, and consolidate debts has been increasing rapidly. As is already known, personal loans are unsecured loans that require minimal documentation and are disbursed fairly quickly. Furthermore, personal loans come with a flexible repayment schedule that ranges between
22
Jun
Jun
Let’s understand CGTMSE Scheme The full form of CGTMSE scheme is Credit Guarantee Fund Trust for Micro and Small Enterprises. A creative production of the Ministry of Micro, Small and Medium Enterprises, the CGTMSE Scheme offers a unique solution to bridge the financial gap between a business idea and its execution and support budding entrepreneurs.
21
Jun
Jun
Health is that element of life, which if not taken care of, devastates the other elements. Keeping your health under check and taking steps towards keeping fit has become an essential. Not only is the lifestyle advancing at a commendable speed but also the increased pollution, bad eating habits and callous attitude towards one’s own
13
Jun
Jun
To ditch the hustle-bustle of daily life and to relieve yourself from the everyday stress, it is very important to travel to your favourite destination. Travelling is one of the best ways to break the monotony of life. It is a highly productive way to de-stress and de-clutter yourself of life’s problems. The enriching experience