The Vibe Journal: Finance Blogs

Capital receipts are non-business income that either reduces the assets or increases the liabilities of a business. Simply put, these are receipts for income generated through occasional capital activities and not routine operating activities. It is also a written record of payment made in exchange for goods or services. Because of the capital nature of …

Understanding what is self-assessment tax is essential to comply with the country’s taxation rules and avoid any consequences of non-payment or delayed payment. The government collects income tax in 3 ways:  Read on to learn more about the SAT, how to calculate it and how to make the payment.  Meaning of Self-Assessment Tax This is …

If you are looking to reduce your tax liabilities, you must be aware of what is the standard deduction in salary. Remember, the deductions are proposed based on the way how taxpayers utilise their income. Here’s what you need to know: Section 16 of the Income Tax Act of 1961 provides certain tax-saving measures for …

Wondering how to pay income tax online? The process is now fully digital through the Income Tax Department’s e-Pay Tax portal. Enter your PAN details and verify using OTP. Select the assessment year and choose the type of payment. Fill in your tax amount and complete the payment using net banking or other available modes. …

The Electronic Clearing Service (ECS) is one of the main drivers of digital transactions in India. This facility allows customers to automate fund transfers from one bank account to another.  To know more about the ECS mechanism in banking, its types, how it works and more, read on.  What is an Electronic Clearing Service?  Here …

The Buy Now, Pay Later (BNPL) facility is becoming increasingly popular as more and more e-commerce platforms, banks and retailers now offer it. Thanks to its easy and quick approval, a large number of borrowers can now access short-term credit instantly.  To better understand what is Buy Now, Pay Later, how it works, its advantages …

A Digital Signature Certificate has become a legal alternative to a wet signature. This comes after the IT Act of 2000, which mandates the use of digital signatures to ascertain the authenticity of electronic forms.  To know more about what is a Digital Signature Certificate, its types and how you can download it, read on.  …

Collateralised loan obligations or CLOs, are an investment option that has the potential for higher returns. They are an alternative to corporate bonds and have a history of stable performance.  Read on to learn what CLOs are, their structure, process and more. What are Collateralised Loan Obligations? Here are some key points about CLOs: Here …

An income certificate is an official document that shows your annual income from all sources. It is needed for government schemes, subsidies, reservations and fee concessions. You can now easily download income certificate online in just a few minutes through your state’s portal. It is issued by authorised officers like the tehsildar or collector. Keep …

The reasons for personal loan requirements are many as there are no end-use restrictions on the funding you receive. As such, you can tackle several needs without any hassles or financial strain. Here are the top 8 instances where it can be an ideal option.  When Should Take Out a Personal Loan? Know more about …