Set-off & Capital Loss Carry Forward To Save Taxes: A Comprehensive Guide

Set-off & Capital Loss Carry Forward To Save Taxes: A Comprehensive Guide

As we gear up for 2024-25, it’s important that you know how you can utilise your losses in the best possible manner to save on taxes. The Indian Income Tax Act of 1961 has rules that let you reduce your tax liability by setting off losses against gains and carrying them forward strategically. In this guide, we’ll break down the details in an easy-to-understand way to help you make smart tax decisions. Understanding Different Incomes The Income Tax Act divides income into various sections. Whether it’s your salary, earnings from a property, business profits, gains from selling something (like a …

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Saving Money, Building Dreams: Practical Tips for Setting Financial Goals For a Prosperous Future

Saving Money, Building Dreams: Practical Tips for Setting Financial Goals For a Prosperous Future

In the bustling city of Kolkata, where life moved at a frenetic pace, there lived a young couple, Rahul and Priya. Both were ambitious professionals with dreams of a secure and prosperous future. However, despite their promising careers, they found themselves struggling to make ends meet at the end of each month. They found the paycheck disappearing faster than anticipated, leaving little room for savings or investment. It was a classic tale of living for the moment without having set any financial goals or even considering the future consequences. One day, as they were sipping chai at a local gumti, …

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Financial Planning Tips For a Truly Prosperous 2024

Financial Planning Tips For a Truly Prosperous 2024

It’s 2024! It seems like we have seen everything – from the pandemic to inflation and recession. From a financial point of view, the journey seems like a roller coaster ride. So, how should you approach 2024 in terms of financial planning so that it doesn’t feel like another bumpy ride? You can follow some financial management best practices to make your financial life in 2024 smoother – with minimal hiccups. In this blog post, let’s talk about six financial planning tips for 2024 that would make the new year a watershed year for your financial well-being. But before we …

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Should I invest in Stocks Directly or Via Mutual Funds?

Should I invest in Stocks Directly or Via Mutual Funds?

Navigating the investment landscape can be a daunting task. Where should I invest? And let’s say you have narrowed it down to equity. But a choice is to be made– should I buy stocks directly or just SIP it via Mutual funds? With all the stories on social media (true or otherwise) around exponential returns from stocks, one may be tempted to go the direct stock route, or those who have resonated with the “Mutual funds sahi hai” may favor the MF route. But what is the right way to invest? In this blog, we delve into the key considerations …

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Navigating the Peaks: What to Do When Markets Hit All-Time High

Navigating the Peaks: What to Do When Markets Hit All-Time High

As of writing this article, Nifty has breached the 21,000 mark while the Sensex is hovering around 70,432. The Indian stock market is at an all-time high! And this is when questions start arising in the minds of investors – Is it the right time to book profits? Should I invest more? Should I wait for a correction to invest more? And then there are regrets– I should have invested more. If I had invested in this stock, I would be sitting with a lot of gains. Of course, regrets may be the perfect recipe for all the wrong things …

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Mistakes To Avoid While Investing In Mutual Funds

Mistakes To Avoid While Investing In Mutual Funds

Janet Jackson has a memorable quote that states, “In complete darkness we are all the same, it is only our knowledge and wisdom that separates us, don’t let your eyes deceive you” It is becoming increasingly common for us to be lured into investing in stocks, mutual funds with expert comments and promises of unrealistic returns through print media and other social media. You’ll always have a mix of contradictory opinions and suggestions going on at once. It is better to have your relevant research to form your own decision based on the information you will gather from all the …

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How to Choose an ETF For Investment Goals: A Comprehensive Guide

How to Choose an ETF For Investment Goals: A Comprehensive Guide

Exchange Traded Funds (ETFs) are like a one-stop shop for investing, making it easy and affordable to invest in a diversified basket of securities. As more people get interested in ETFs, it’s important to know how to pick the right one for your goals. In this piece, we try to break down ETF investing for you. Now, before learning about how to choose an ETF for beginners, let’s talk about passive investing. Passive investing is about following an index– no active buy/sell decisions are taken by the investor. Passive investing can be achieved through vehicles like index funds or ETFs. …

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The Importance of Investing Early

According to Warren Buffet, “Money is not everything in life. Make sure you have made enough money before you say that.” Young people have so many plans for the future. A luxurious home, fancy car, iPhone 15 pro max, destination marriage, and many others. But, how many of them seriously think about retirement? How many seriously think about funding to fulfill their dreams of luxurious homes, cars, etc.?  In reality, we face many issues like increasing costs due to inflation, health issues, and loan EMIs which may deviate us from our dreams. The magnitude of the financial goals we set …

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Decoding Mutual Fund Taxes: All You Need to Know

Thinking about diving into the world of mutual funds? Awesome choice! But, before you jump in, let’s talk about taxes. Understanding mutual fund taxation helps you gain more from mutual fund investments by choosing the right funds and optimising your investments and withdrawals. Let’s break it down in simple terms. There are a few key things that decide how much tax you’ll owe on your mutual fund gains. Types of Funds: Different mutual funds have different tax rules. Whether it’s an Equity Mutual Fund, Debt Mutual Fund, or a Hybrid Mutual Fund, each has its own set of tax guidelines. …

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5 Ultimate Tips To Improve Your Credit Score

Are you planning to buy your dream home or pursue higher education at top international universities? Securing a sizable loan is a crucial step to taking the next big leap in your life. Here your credit score can make or break the game. But what is it, and how can you improve the score?   What is a credit score? And, What Is a Normal Credit Score For an Average Citizen?   A three-digit credit score determines the creditworthiness of a borrower. It is a measure of your financial health and discipline. The score is based on your credit history, …

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