Finance Blogs

The Income Tax Act of 1961 is the foundation of India’s taxation system. It is vital to understand how taxes are applied, collected and enforced nationwide. Introduced by the Indian Parliament, this important legislation affects everyone—from salaried individuals to big businesses. Whether you’re a taxpayer, a business owner, or a financial professional, understanding the ins …

While the RBI has employed various security measures to deter counterfeit currency, the circulation of fake currency in India continues to remain a serious problem. The presence of counterfeit currency impacts economies and individuals alike.  This makes it crucial for you to learn to spot fake currencies to avoid losing money. To know how to …

When you invest in any capital asset, you can earn either short-term capital gains or long-term capital gains. Depending on your holding period, your income is classified into one of these two types. Based on this classification, tax rules differ.  To better estimate your returns and manage your taxes, learn about both types of capital …

Fixed-income securities act as a steady companion to build your long-term wealth. You can use this investment option based on your future needs and financial goals. To make smart investment decisions, you must know the different types, pros, cons and more. Read on to learn all about fixed-income securities and build your long-term wealth. Fixed-income …

Understanding the meaning of token money is vital if you are planning for real estate purchases and others. It enables you to formalise a transaction by transferring a small amount to the seller’s account.  This procedure can be recorded as an agreement in your deal with the seller. While it is not a compulsory process …

Completing a contactless transaction when paying for any goods or services can be a safer way to go about it. This was popularised after the pandemic and includes the usage of credit and debit cards during payment offline, allowing you to pay without any physical contact.  There are many options to make effortless payments through …

Knowing how to calculate comprehensive income is an important aspect of managing cash flow and budgeting. When it comes to business, keeping a record of all your cash inflows and outflows is a priority.  Knowing the total earnings from your business venture helps you take calculated risks. You can also decide when and how to …

The working capital cycle is an essential financial indicator of your business’s financial efficiency. This measures and tracks your business’s time to convert assets and liabilities into cash. In simple words, this cycle dedicates how long it takes for you to arrange finds for your business.  Knowing this is important as liquidity is a crucial …

In business, cash flow and cash flow statements can be helpful in understanding the liquidity of funds. That way, you can improve your cash management to carry out day-to-day expenses.  Management of cash flow means control of cash outflow with analysis of possible sources of inflows. This ensures your business’s financial stability to perform the …

You will come across the term compound interest in various financial facets and investments. Starting from savings accounts to loans and fixed deposits, it is a common term. With it, your money can grow much faster and you can build wealth quickly.  Similarly, when your loan interest compounds, your outstanding debt can quickly become larger. …