Category: Finance

Real Estate Investment Trusts (REITs) have become a popular investment option for individuals seeking exposure to real estate without directly owning or managing properties. They offer a simplified and efficient way to invest in large-scale real estate projects with relatively small capital. However, income from REITs is taxable, and understanding the tax implications is crucial…

When you think about buying a home, you will come across a lot of unique and new terms and abbreviations. Acronyms are plenty, and understanding the vital ones is key to making a good financial decision. BSP is one of them. Now what exactly it is, how it is calculated, and what is the importance of…

Tax planning is an essential part of managing your finances, but it’s easy to make mistakes that can cost you money, time, and peace of mind. Poor tax planning can lead to higher liabilities, missed savings opportunities, and even penalties. If you want to avoid these pitfalls, it’s important to understand what not to do….

Retirement is a major transition in your life that can be both exciting and daunting. With more nuclear families, the traditional reliance on children for elder support is reducing and now retiring comfortably requires robust financial & retirement planning and utilisation of resources. Fortunately, there are several helpful tailwinds at play that can make the retirement…

After years of quiet evolution, artificial intelligence (AI) is now driving innovation in all industries at an unprecedented speed. Even the finance industry, a highly regulated sector that was initially slower to adopt the new technology, is beginning to use AI for analysis and forecasting, fraud detection and prevention, personal finance management, compliance-related tasks, and customer service…

Home loans are often the most significant financial commitments individuals make, stretching across decades. Early repayment can offer substantial financial freedom, reduce stress, and save on interest, allowing homeowners to allocate resources to other investments or savings. However, it’s essential to weigh the benefits of early repayment against the potential returns from investing in avenues…

A nice time and eaten your fill. Then the bill reaches the table, and suddenly, there’s an air of tension and uneasiness. No one wants to be the first to ask the dreaded question, “How are we splitting this?” These awkward situations are a dime a dozen in the modern world. Meals, group trips, expenses…

Unlike salaried individuals, freelancers and consultants often find it more complex to understand taxation requirements and file their income tax returns. Freelancers and consultants typically earn income from multiple sources and clients, without the benefit of receiving Form-16 or employer guidelines that simplify filing procedures. The income earned by freelancers and consultants is classified as…

In the world of personal finance, few things carry as much weight as your credit score. Whether you’re applying for a credit card, mortgage, or personal loan, your credit score plays a crucial role in determining your eligibility and the terms you’ll receive. But what exactly is a credit score, who issues them in India,…

Tax harvesting is a strategy used by investors to minimize their tax liabilities by offsetting gains with losses. When it comes to mutual fund investments, this approach can be particularly beneficial in 2024. By realising capital losses on underperforming mutual funds, investors can use those losses to offset the taxes owed on capital gains from…