Equity Linked Savings Scheme (ELSS) ELSS is a type of mutual fund scheme which invests primarily in equities, providing potential for higher returns over the long term. Equity Linked Savings Scheme offers tax benefits under Section 80C of the Income Tax Act, 1961 in India. Features of ELSS: Tax Benefits: ELSS investments qualify for tax… Read More »
Determine To determine your liquid net worth, you need to assess the value of your liquid assets and subtract your liabilities. Here’s a step-by-step process: Identify Liquid Assets: Make a list of all your liquid assets, including cash, checking and savings accounts, money market accounts, certificates of deposit (CDs), stocks, bonds, mutual funds, and… Read More »
Importance Of Asset Valuation Here are some several reasons of Importance Of Asset Valuation: 1. Financial Reporting: Accurate asset valuation is essential for the preparation of financial statements. Assets are a significant component of a company’s financial position, and their values directly impact financial ratios, such as asset turnover, return on assets, and debt-to-equity… Read More »
Who Can Help with Tax Planning Tax planning is essential for minimizing your tax burden and maximizing your financial benefits. Whether you’re an individual or a business owner, having the right help can make a big difference. But who can help with tax planning? Let’s explore some key professionals and services that can guide you.… Read More »
Why Tax Planning is Necessary? Tax planning is an essential aspect of financial management that involves analyzing a financial situation or plan from a tax perspective. It ensures tax efficiency and helps individuals or businesses minimize their tax liabilities legally. With proper tax planning, you can make informed financial decisions that optimize savings, investments, and… Read More »
Tax planning strategies Tax planning strategies involve various techniques and approaches to legally minimize tax liabilities and optimize a taxpayer’s financial situation. Here are some common tax planning strategies: Income Deferral: Delaying the receipt of income to a later tax year, such as deferring bonuses or income from investments, can help lower your taxable income… Read More »
Capital Gains and Capital Asset Capital Gains refers to the profit made by an individual or an entity when they sell a capital asset, such as property, stocks, or mutual funds, at a higher price than its purchase price. A capital asset is any asset that an individual or an entity owns for personal or… Read More »
Financial Management Financial management: It refers to the process of planning, organizing, controlling, and monitoring the financial resources of an organization to achieve its goals and objectives. It involves making decisions about how to raise and allocate funds, invest resources, and manage risks to maximize the organization’s value and financial performance. The key areas of… Read More »
