Investing in Gold!

Investment in Gold is guided more by emotional and social reasons than financial ones in our country. People in India prefer to hold the yellow metal as jewellery which however just makes a couple of guest appearances in few functions and then spends the rest of its life in the bank lockers. However, inspite of its…

Read More

Filing Income Tax Returns

Aditya received notice from the Income Tax Department in respect of non-filing of his Income Tax Return (ITR) during the previous year. The notice had been sent to him on the basis of certain financial transactions performed by him, but due to ignorance of the tax laws, he didn’t file his return earlier. This is…

Read More

Extra Incomes and their Taxation!

Benjamin Franklin said this once, “Nothing can said to be certain except death and taxes.” Income tax laws in the country ask us to report our every paisa of income in the income tax return forms. However, I have noticed many instances where individuals misreport their incomes in their income tax returns, not because they…

Read More

Diversify to Reduce Risks

In older times, it was advised not to put all your eggs in one basket. The modern lazier times have coined a single word for it : diversification. It points to spreading the investments over a variety of assets to reduce the overall portfolio investment risk. Diversification typically helps in reducing the exposure to a…

Read More

Credit Cards – A Boon or a Bane!

The word ‘credit’ is generally associated with someone resorting to pay later for his spends. While the same is certainly acceptable in a commercial transaction, someone doing it for personal expenses reflects the tendancy of an individual spending more than what his pocket can afford. Such a tendancy is indeed disastrous for someone’s financial health….

Read More

Personal Budgeting Tips

After we have made some good financial resolutions, it is now time to take a step forward and work towards making a ‘Budget’. Making a budget is basically estimating how much income is coming into our pockets and how different expenses are eating our hard earned money. As they say, you cannot get into shape…

Read More

Financial Resolutions for the Upcoming Year!

Today, 1st April marks the beginning of financial year 2016-17 and this is the time to take resolutions and to pledge for something better. This time, you should resolve to revisit your financial practices and strive for a better and secure future ahead. So, as we start the A2Z of Personal Finances, let’s talk of…

Read More

Curtain Raiser to A2Z Challenge

While it’s still 10 days to the month of April, the excitement of venturing into A2Z Challenge this year is already hitting me. The blogger in me had been relatively active in the last few months but still, daily posts for a month seem no less than climbing the Everest for me. Nonetheless, when I…

Read More

Love Stories and Happy Endings – Raj’s Story

When someone is going to marry his love, the happiness quotient cannot be quantified. Raj too was elated ever since Priya, his childhood crush, said yes to his marriage proposal. But do all love stories come packed with ‘Happy Endings‘? Raj always believed in that, but destiny too had its own plans. Read Raj’s story in…

Read More

Why Should You Invest in NPS?

Last year’s general budget offered an exclusive advantage for investments in New Pension Scheme (NPS), wherein the investments up to Rs. 50,000 qualified for an additional tax incentive over and above Rs. 1,50,000 allowed under Section 80C for various types of spends including payment for life insurance premiums, 5 year fixed deposits, Public Provident Fund,…

Read More