Recurring Deposits tax deduction Recurring deposits (RDs) are a popular savings instrument offered by banks and financial institutions, allowing individuals to save a fixed amount regularly over a specified period. Many investors wonder whether the contributions made to recurring deposits are eligible for tax deductions under Section 80C of the Income Tax Act in India.… Read More »
Financial Assets Financial assets refer to any asset that is primarily based on financial value and is expected to provide future economic benefits to the holder. Examples of these asset include stocks, bonds, bank deposits, mutual funds, exchange-traded funds, derivatives, and insurance policies. These assets can be trade on financials markets, and their value can… Read More »
Financial Advisor A financial advisor can help you achieve your financial goals by providing personalized advice and guidance based on your individual needs and circumstances. Here are several ways in which a financial advisor can provide assistance: Several ways of financial advisor are: Developing a comprehensive financial plan: It can work with you to develop… Read More »
Payments under the National Pension Scheme The National Pension System (NPS) is a pension system regulated by the Pension Fund Regulatory and Development Authority (PFRDA). It provides two types of accounts: Tier I and Tier II. To make payments under the National Pension Scheme, follow these steps: 1.Open an NPS account: Visit a Point of… Read More »
Crucial Benefits of Outsourcing Your Bookkeeping Services Outsourcing bookkeeping services can provide a number of important benefits for businesses. Here are some of the most crucial benefits of this services: Cost savings: It can be a cost-effective way to manage a company’s finances. By outsourcing, businesses can avoid the costs of hiring and training in-house… Read More »
