Do Not Keep Your Money in a Savings Bank Account — Here’s Why In a world where inflation silently eats into your purchasing power, letting your money sit idle in a savings bank account (typically earning just 2.5%–4% interest) is like watching it lose value in slow motion. Why you shouldn’t: Low returns: Most banks …
Comparison of Fixed Deposits (FDs) and Life Insurance Plans Under this blog, we provide the details of the comparison of Fixed deposits and Life Insurance Plans as financial tools for achieving specific objectives. Both fixed deposits and Life insurance plans serve distinct purposes. FDs are reliable for saving and securing capital, while Life insurance addresses …
Implementing the Digital Personal Data Protection Act, 2023 The draft Digital Personal Data Protection Rules, 2025, introduced by MeitY, provide the much-needed framework for implementing the Digital Personal Data Protection Act, 2023. Sixteen months after the new Digital Personal Data Protection Act, 2023 (hereinafter referred to as the “Act”), the Ministry of Electronics and Information …
Complete Understanding on the FRRO Process for Hosts in India Form C for Foreigners Regional Registration Office Purposes Form C is a Important document for Foreigners Regional Registration Office in India. It is used to monitor & report accommodation of foreign nationals to ensure their movements are tracked for security & administrative purposes. When Should …
What are the basic prudent Steps: Actions You Should Take Prior to Investing? Investing money is indeed a significant step towards financial growth and security. To maximize your returns and minimize risks, it’s crucial to approach investments with thorough preparation and strategic planning. Investing wisely involves careful consideration and preparation. By defining your financial goals, …
EBITDA & EBIT are both measures of profitability of business Both EBITDA & EBIT are indicators of a company’s profitability. Net income before interest and taxes is known as EBIT. Additionally, amortisation and depreciation are not included in EBITDA. Operating profit is commonly measured by EBIT, which is sometimes equivalent to operating income as measured …
Beneficial Provisions relating to “Labours” under Income Tax- “Employee or Labours Income tax laws often include provisions that provide benefits or relief to laborers or employees. Provisions beneficial for labours is Section 10 of the Income tax Act, which deals with exemptions in income tax. For example, gratuity paid to employees exempt u/s. 10(10), leave …
Why did the Silicon Valley Bank fail? Recently, Silicon Valley Bank, One of the biggest names in the IT industry’s bank went bankrupt, making it the worst bank collapse since the2008 financial crisis. Silicon Valley Bank, flush with funds from successful startups, made substantial bond purchases more than a year ago. Like other banks, Silicon …
Artificial intelligence use in Accounting, Auditing, Income tax filling & Assessment Income tax Taxpayer Key data & information like No of payments on the tax bill, the Bank Account No, discount on the tax bill, & Other data can be extracted effortlessly and with accuracy by Artificial Intelligence enabled robots. Which help in taxation related …
Financial Planning: ultimate way of securing a better and luminous future Money is something which is extremely important for surviving in a world where money is regarded as medium of exchange and a world where batter system has no prevalence, whose existence has vanished long ago. Financial Plan will help create a sense of security …