Important Changes in Tax Rules in FY 2018-19

Important Changes in Tax Rules in FY 2018-19Revival of LTCG tax
The most significant change implemented in the financial year 2018-19 is the revival of the long-term capital gains (LTCG) tax on the investments in the stock market. Now, a 10% tax will be imposed on the profits from stock markets which exceed one lakh in the form of Long-Term Capital Gains (LTCG) tax. These profits could be earned by the sale of stocks and equity-oriented mutual funds, which have been held by an investor for more than a year.

Government Incentives for NRIs to Start Business in India

Government Incentives for NRIs to Start Business in India
India is a promising destination to start a new business. With a thriving market of over 1.35 billion people and an enormous economy, India offers a budding platform for numerous avenues for business.  NRIs (Non-Resident Indian) are the quintessential entrepreneurs that the country needs now. With more than 15 million NRIs and PIOs (Persons of Indian Origin) living abroad, India currently has the world’s largest diaspora. Although India’s NRI pool forms around 1 percent of the country’s population, yet it is an indispensable cog in the wheel of its development. Apart from bringing in economic benefits of remittances of forex, NRIs also bring along a modern and global perspective. Therefore, they not only add technical and domain expertise to domestic startups but also act as angel investors. Moreover, new businesses create jobs, and employment generation is the stepping stone to economic growth. The Indian Government has realized that the NRI population can be instrumental in bringing about development and has thus started leveraging its potential by offering attractive incentives to encourage NRI investment in India.

Budget 2019 – The Middle Class Dream

Budget 2019 - The Middle Class Dream

Presented by the Union Minister for Finance, Mr. Piyush Goyal, on February 1, 2019, the interim Union Budget for 2019 is a much-needed tax relief for the salaried middle class. Income tax concessions for salaried class and lowered peak tax rates for corporates seem to be the mantra for 2019. The alternative focus remained on the farmers and senior citizens.

The Union Home Minister, Mr. Arun Jaitley, has called the Union Budget “historic and for the development of the common man.” The budget has undoubtedly focused on the common man this time, but it remains to be seen whether the Budget measures are implemented successfully.

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59 Minutes Loans

59 Minutes Loans

 We have exciting news for the MSME (medium, small and micro enterprises) sector in India – get loans up to Rs. 1 crore in 59 minutes! The Prime Minister of India, Narendra Modi, has announced a new and dynamic ‘Support and Outreach’ initiative for the MSME sector, which comprises relaxed labor laws, smoother compliance with environmental laws and easy access to credit. In a bid to perk up this huge job-generator sector and to grant them easy access to credit, the Indian Government has promised that loans of up to Rs.1 crore will be sanctioned within an hour – in 59 minutes, to be precise. Read more

Are Millennials Disciplined in Their Finance

Arguably, millennials are considered to be more intelligent and disciplined in terms of finance as compared to their previous generations. Even they are considered to be exercising better financial habits than baby boomers. Are millennials disciplined in their finance? The answer to this frequently asked question has been given by this recent survey by Schwab Retirement Plan Services, Inc. As per their survey, despite the financial challenges millennials face, they are taking matured decisions when it comes to saving and investing habits.

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20 Myths about home loans in India

20 Myths about home loans in India

You are living in an information age so relevancy of information for any loan especially for a home loan is not difficult for you, however getting the right information is still a challenge and this post will convey the 20 home loan myths that many people believe in. There are many reasons behind these myths like information overload, half-truths, misconceptions or misinterpretation. Here are 20 myths about home loans

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What is a credit report and what does it contain

What is a CIBIL report and what does it contain

All lenders need to be sure that you will repay the money that you are borrowing. To ascertain if you will pay the money back they refer to the Credit report or Credit report. The first step to having a good credit score is to understand what credit report is and what components it has, therefore it is important to know what is a Credit report and what does it contain. Conceptually the credit report reflects how you have borrowed in the past and what your credit history has been like.

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Top 5 Credit Score Myths

top 5 Credit Score Myths

Over the years as the credit score has become more mainstream the consumers concern with their credit scores has increased due to many erroneous believes and credit score myths. These myths have gained legitimacy simply because they have been repeated enough times by many people.

However, a myth is not important in the real world as it has no credence, it only effects our decision making as we factor that myth in our decision process.

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