Here CCT writers help people understand the basics of financial planning, share tips on saving money, the path to success & ideas on breaking bad money habits.
Why tax planning should be an all-year-round activity? Tax planning is done to manage one’s income in a manner to reduce the tax liability to the lowest. A proper tax plan utilizes the tax deductions in the most optimal way. Most people are aware of the tax deductions they are allowed by the Income Tax Act. …
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WHAT IS INTERNATIONAL TAX PLANNING? Taxes can be confusing. If you have ever studied tax, you would know how complicated it is. International Tax Planning has different tax slabs for everything. Different criteria or conditions are to be fulfilled for taking certain tax benefits. Goods and services are being manufactured and sold and then re-sold in …
The Importance of Personal Finance Personal Finance is a topic gaining importance in recent years. Everybody wants to use their money wisely. Finance in the context of future goals, and present spending has become an important factor. People are more serious about becoming independent financially, and to achieve that there are various financial instruments and …
What are the 7 basics of Personal Finance, and Why Is It Important Read More »
Introduction There are many ways by which, Tax Saving an individual or a family falling into any tax slab can reduce their taxable income in the Indian tax system. Several financial institutions enable one to save their taxes. They are called tax-saving instruments. These tax-saving instruments with the proper planning by a financial planner/advisor can …
Importance of Tax Saving There are various provisions under the law that provide deductions on the levied taxes. The Importance of Tax Saving An individual can save a good amount of money by the methods of tax saving. There are several methods to get deductions in taxes such as mutual funds, Public provident funds, Life …
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What is Tax planning? The financial planning for tax efficiency is called tax planning. Tax planning is done to reduce one’s tax liabilities and utilize tax exemptions optimally. Tax exemptions include tax rebates and other related benefits. Tax planning is done with the help of financial planning and business decisions to minimize taxes. It helps …
Best tax-saving mutual funds to invest in India 2022 The Equity-linked savings scheme (ELSS) is a type of mutual fund that provides an opportunity to save on taxes as well as income growth. These mutual equities are open-ended investment options that focus on stock market investments. There are plenty of investment options available in the …
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What are Tax-saving mutual funds Tax-saving mutual funds are also known as Equity Linked Saving schemes (ELSS). Tax-saving mutual funds are open-ended equity funds meaning they have a diversified portfolio of investors’ money that can issue an unlimited number of shares. 80% of the total assets are invested in equity and equity-related instruments. These mutual …
Introduction Higher-paying jobs indeed enable a person to easily manage their money(Money Management Tips). But it is also true that low-paid person can also manage their money by reducing expenditures, and by saving and investing their money with the proper use of money management tips. Everybody wants to earn more and lead a happy life, …
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Introduction of Shareholders and Stakeholders Shareholders and stakeholders are investors in a corporation. They seem similar but their way of investing in a company is quite different. Role of Shareholders The role of shareholders has a stake in a corporation and can be termed stakeholders but stakeholders are not always shareholders. A company has shares of stock …
What is a Home loan What is a home loan – A home loan is a form of secured loan that is obtained by financial institutions such as banks. The property for which the home loan is obtained is offered as collateral for banks. Various types of home loans are available in the financial markets. …
What is a Home loan: 5 important types and benefits of home loan Read More »
Introduction Taxes eat up a good portion of an individual’s earnings and savings. This is more true when one is not aware of the benefits of tax planning. Tax planning is done for tax savings. This is a legal process and is done with the help of a financial planner. There are a few core …
Useful Best Tax Planning Tips in India for Your Financial in 2023 Read More »
Introduction Types of tax planning analyze an individual financial situation from a tax-saving point of view to plan finances most efficiently. With the help of tax planning, taxpayers can use various deductions, rebates, and benefits and minimize their liabilities over a financial year. One can plan their tax on their own but a financial planner …
4 Important Types of Tax Planning and Why Do You Need it? Read More »
Importance of Money market vs capital market A financial market facilitates trade in financial assets such as bonds, stocks, derivatives, currencies, and commodities between buyers and sellers(Money market vs capital market). Fixing prices of these assets for global trade, increasing capital, and transferring risk and liquidity are some of the objectives of the financial markets. …
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Financial Modeling Financial modeling important for business valuation because it is often a tool that’s in the form of spreadsheet software such as MS Excel to estimate and forecast the financial performance of a firm in present terms and future terms. The estimation is done based on a firm’s historical performance, and future assumptions and …
Why is Financial Modeling Important For Business Valuation in 2023? Read More »
What is financial accounting? Financial accounting is a branch of accounting that deals solely with financial transactions. Transactions that can be quantified accurately and expressed in monetary terms are termed financial transactions. Financial accounting is concerned with the recording, analyzing, summarizing, and reporting of financial data in the form of financial statements. Such statements are prepared by …
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Tax Planning Income tariffs in India can be confusing. Different taxation slabs for everything. You might feel a little low when you see your spendable income after the tariff is charged. Here are 4 ways in which you can claim deductions. Using these deduction provisions, you can reduce your taxable income and pay less taxation. Benefits …
The entire world is a giant village now. Isn’t it? Everyone can connect through the internet. The liberalization of the financial systems has led to the birth of a worldwide financial ecosystem(Financial Inclusion). Nations can trade with each other. The transactions can be smoothly done across countries. One might say that the financial system has become far …
Financial Inclusion Best – Does Financial Inclusion Work? Read More »
Financial Distress As the name suggests, this is a distressing situation for a company wherein it is not able to fulfill its financial obligations(Financial Distress). Financial distress is a term in corporate finance used to indicate a condition when promises to creditors of a company are broken or honored with difficulty. If financial distress cannot be relieved, it can lead to bankruptcy. Financial distress is usually …
What is Financial Distress & How to Overcome It in 2024? Read More »
What is a Bitcoin? Bitcoin is a type of cryptocurrency. There are various other digital currencies like Ethereum, Litecoin, Stellar Lumen, and Zcash among others. Out of all these, Bitcoin is the most popular as it is the first of its kind. digital currency was created by an anonymous person named Mr. Satoshi Nakamoto and launched …
What is a Bitcoin and is it Scandalous to work? 4 Basics of Bitcoin Read More »
