On paper, this sounds like a smooth strategy. But as with most things involving tax, the devil lies in the details. Let’s break down what this GST input tax credit (ITC) really means — and why blindly following such advice could cost you more in the long run, not just in money but also peace … Read more
Financial advisors sold her an unlisted debenture, promising good returns. When it came time for her to pay for her daughter’s fee, she found that the investment was illiquid. Later, she told the PPFAS team that she had no other option but to sell units in the PPFAS flexi-cap scheme to pay for her daughter’s … Read more
Credit card spending in the country witnessed a seasonal decline in February 2025, registering a 9 per cent month-on-month (MoM) drop to ₹1,672 billion. This is the lowest registered figure, according to data provided by Asit C Mehta Investment Intermediates Ltd (ACMIIL). However, on a year-on-year (YoY) basis, card spending jumped 12 per cent, even … Read more
UPSC NDA 2025 admit card released: Union Public Service Commission, UPSC, on Thursday released the admit card for the National Defence Academy (NDA), and Naval Academy (NA) examination (1), 2025 on its official website UPSC at upsc.gov.in. The applicants applying for National Defence Academy (NDA) and Naval Academy (NA) examinations can download their hall tickets … Read more
Visa has reportedly offered Apple a whopping $100 million to take over the tech giant’s credit card partnership, replacing Mastercard, reported Reuters quoting Wall Street Journal on Tuesday, citing sources familiar with the matter. Visa has made a bold push to secure the Apple Card, offering an upfront payment typically reserved for the largest card … Read more
This applies to payments or credits exceeding ₹20,000 on or after 1 April 2025, attracting TDS at 10%. This ₹20,000 is a combined limit for both interest and remuneration (including bonus, commission and salary). No TDS is required from the share of profits credited or paid to a partner. Under general law, a partnership firm … Read more
India is going through an epic credit card boom. The Reserve Bank of India (RBI) recently stated that the credit surge in the country has more than doubled in the last five years. The total number of credit cards has crossed 10.80 crore by January 2025. This number was around 5.53 crore in December 2019-20, … Read more
Starting a new job is an exciting milestone for many young professionals. However, alongside the job opportunity come financial responsibilities and challenges that require careful planning. To build a stable financial future, first-time earners must be aware of and avoid common mistakes that could hinder their financial growth. This article explores these common pitfalls and … Read more
In personal finance, the terms ‘credit report’ and ‘credit score’ are often used interchangeably, though they represent different concepts. Both serve as tools for assessing the creditworthiness of loan applicants and borrowers, but understanding the difference between them is crucial. 1. Definition, meaning and purpose A credit report is a complete and comprehensive white paper … Read more
My maternal grandmother has three daughters, including my mother. My mother has chosen to renounce her share of my grandmother’s property, which includes a significant business and several real estate assets. As a result, my grandmother is dividing the assets between her remaining two children. However, I do not support my mother’s decision. If she … Read more