To run the country smoothly, the government needs a steady flow of revenue throughout the year. Since income tax is a major source of this revenue, relying on tax payments at the end of the financial year can create gaps and problems for them. To address this, the government introduced the advance tax payment system to ensure that individuals and businesses pay taxes as they earn. ...
A venture is considered high-risk when there is a considerable chance of loss, but also the potential for high rewards. There are many factors that could make a venture high risk, such as new technology, an unproven business model, or the early stages of a start-up, among other things. When you invest in a high-risk venture you take on significant risk. Investing heavily in high-risk ventures takes courage and skill to ensure that your decisions pay off. Here are six reasons why you should heavily invest in high-risk ventures. ...
Planning to sell a property but worried about the capital gains tax it would attract? You’re not alone. Many property owners tend to feel this way and wonder if there are ways to maximise profits. One of the most well-known ways to minimise capital gains tax on property is by reinvesting in another property. While this may be an option for some people, it may not work for everyone else. ...
When you redeem or sell a mutual fund investment, your profits are known as capital gains. Based on the holding period of the investment, capital gains can be divided into two types – Long-term capital gains (LTCG) and short-term capital gains (STCG). LTCG and STCG are taxed differently depending on the type of fund you have invested in. Mainly, the taxation rules for capital gains on mutual funds are categorised based on whether the fund is equity-oriented or specified (like debt, gold, etc.). ...
While researching investments like stocks and mutual funds, you’ve probably come across terms like alpha and beta. These two measurements are among the many essential factors that help investors understand the risk and performance related to an investment, so it’s important for investors to learn how they can use them to their advantage. ...
If you’ve already cut your cable, congratulations on taking advantage of big savings provided by free streaming services! ...
If you're nearing or in retirement, you should be familiar with the 4% rule. ...
The Indian mutual fund industry is surpassing new heights as more investors turn to Systematic Investment Plans (SIPs) to create wealth. As more and more people become aware of the power of disciplined investing and compounding interest, SIPs have emerged as the go-to choice for all kinds of investors. Understanding how SIPs work and are taxed thus becomes essential for making sound investment decisions. ...
