Senior Citizen Savings Scheme (SCSS) –Good To Invest Or Not?

Senior citizen savings scheme (SCSS), as name suggests it is a saving scheme especially designed by the Government of India for senior citizens. It offers a safe investment alternative with high interest rate to senior citizens. Lets have a look on the features of SCSS scheme and analyze whether you should invest in it or not. [ Image Credit : …

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Short Term Loans – Monetary Help To Meet Short Term Financial Gaps

You may be very good at budgeting but you may still encounter unintended monetary complication. It may be a visit to a doctor’s place, an emergency car repair or may be a delay in funding. To tackle these little surprises of life you can keep an emergency fund with you or you can opt for short term loans. Again, many …

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How To Check ITR V Acknowledgement & Receipt Status Online?

Income tax department has set up a platform for filling Income tax returns online. If you are one of those who have filled your income tax returns in electronic form without a digital signature, then you must be waiting to know the status of your posted ITR-V form. So here we have a good news for you, now you can …

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Income Tax (IT) Exemptions On House Rent Allowance (HRA)

HRA stands for House Rent Allowance, it is an allowance that almost every salaried employee receives as part of there salary package from there employer to meet the cost of rent that they pay for their home. In other words, HRA is a compulsory part of salary of an individual which every salaried person receives irrespective of the type of …

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Is There Any Penalty/Late Fee On Late Filing Of Income Tax Return?

The last date for filing income tax return for an individual assessee is 31st July. In spite of knowing the deadline sometimes you could not file your income tax return on time. As we know filing income tax return in most of the cases is compulsory but what if you miss the deadline of 31st July for filing your tax …

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Income Tax Deductions On Home Loans/ Housing Loans In India

Whenever we plan to buy a housing property we approach some bank or financial institution to get the Home Loan to fund property. Today people like to go for home loan even if they have enough cash arrangement to buy the property. Why so? There are certain reasons for the same but the most important reason which motivates them to …

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Difference Between Fortnightly And Monthly Loan Repayments

Today we all have plenty of need but limited resources so most of the time people take loan to fulfill there needs. Once we take loan, the term Loan Repayment comes into picture, loan repayment means paying the money back to the organization from where we took loan. There are different ways to repay loan amount back, Fortnightly and Monthly …

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Use MICR Code To Get Early Income Tax (IT) Refund

Today people are more vigilant towards filing there income tax return on time as they understand its importance and benefits. Other than that the other important reason for filing income tax return on time is to get the tax refund early. Tax refund is a refund on taxes from the authority when the tax liability is less than the taxes …

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What Are The Different Modes Of Crossing Of Cheques?

We already know ‘What is a cheque? What are the different types of cheque?’. Here we are broadly classifying the types of cheques as open cheques or uncrossed cheques and crossed cheques. Open cheques are those which are paid over the counter of the bank. In other words, they need not be put through a bank account. Which means anyone …

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How Safe And Beneficial To Invest In Non Convertible Debentures?

Before moving to understand the concept of Non convertible debentures, lets first have an introduction of debentures. What are debenture? Debentures are financial instruments usually issued by companies and government to raise there capital to finance their business without forfeiting control of company ownership. In other words, debentures are simply loans taken by the companies to raise short to medium …

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Difference Between Form 16 & Form 16A

In respect of Tax deducted at source,or tax paid ,on or before 31st Mar,every deductor must issue a certificate of deduction of tax at source to every person from whom tax has been deducted. These certificate issued by the authorized tax deductors are called as TDS certificates. Both Form 16 and Form 16A states the details of your earnings and …

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Difference Between Gold ETFs And Gold Saving Funds

Today an investor have multiple investment options available in the market in order to gain from specific trend. Apart from other investment options, one more area has been identified and put forward for the purpose of investment i.e ‘Gold’. For the purpose of investing in Gold, mutual funds have emerged as a popular route. But there are different types of …

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Are You Salaried With Upto 5 Lakhs Earnings? Exempt From Filing ITR

Are you salaried and have income below 5 lakhs then you might not need to file an income tax return (ITR) provided you meet some conditions. Conditions indicates that this exemption is not applicable to all the salaried people with total annual income upto 5 lakhs but limited to those people whose total income is less than 5 lakhs and …

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