Although managing your money might be difficult, with the correct direction you will be able to make judgments. These are the top financial advisers in India, ready to support you in reaching your financial objectives. Why You Need a Financial Advisor Expert Guidance: Advisors offer insights into investments, savings, and tax planning.Customized Plans: Designed approaches depending on your financial position.Help to meet goals like retirement planning or house purchase. Top 10 Indian Financial Advisors 1. 360 One WAM Previously referred to as IIFL Wealth.Oversees assets valued more than ₹5.79 lakh crore.Provides services in asset and wealth management. 2. Motilal Oswal…
Author: Anurag Singh
Selecting the appropriate stock trading platform comes first if you are ready to start making share market investments. Online trading lets you use only a smartphone or laptop and a trustworthy program instead of a broker or agent.Let’s investigate the most often used stock trading platforms in India as well as their features. Explain a stock trading platform. An online system (website or app) designed for stock trading lets you: These sites link you to stock markets including BSE and NSE. Features to Search for on a Trading Platform Check for before you create an account: Top Stock Trading Platforms…
Want part-ownership in esteemed companies like Reliance, TCS, or HDFC Bank and boost your wealth? These days, more than ever, you may buy stocks online from the convenience of your house by using your laptop or smartphone. This is a simple road map to get you going. Why Should Someone Buy Stocks? Buying stocks essentially results in a small ownership portion in a company, therefore rendering you a shareholder. Should the business expand, the value of your stocks will probably rise. Stocks can also pay dividends, therefore giving you a consistent revenue source. You may also sell your investments whenever…
Want to increase your wealth and become part-owner of major corporations like Tata, Reliance, Infosys, or even Zomato? It’s time then to purchase shares. One of the finest methods to create riches is to invest in the stock market; but, first, you have to grasp the fundamentals before diving in. For Indians wishing to purchase shares, this is a basic, methodical guide. Definition of Shares Shareholders are a company’s owners. Purchasing shares enables you to be a shareholder, therefore entitling you to a tiny portion of that firm. Should the business do well, share values rise. Additionally, you can get…
Nowadays, many Indian investors are funding US companies such as Apple, Google, or Tesla from their money. Although the earnings might be thrilling, you also have to be aware of the withholding tax on US stocks—particularly with relation to dividends. Should you profit from US equities, this advice will assist in your understanding of tax policies and avoidance of double taxation. Explain withholding tax Tax deducted at source by the US government on the dividends given to outside investors—including Indians—is withholding tax. It is gathered before the money finds your account. Therefore, a portion of your US equities, should you…
You might question if you invest in stocks or mutual funds that let you reinvest dividends instead of getting them as cash: Do I still have to pay tax? The response is certainly yes. Knowing taxes on reinvested earnings helps you better manage your investments and minimize uncertainty on tax filing. Let us dissect it simply here. What are dividends reinvested in? Reinvested dividends are those whereby the sum utilized to purchase new units or shares automatically replaces the payout as cash. Mostly, this occurs under mutual fund dividend reinvestment programs. Though it’s taxed and your income is still cash,…
Your ability might bring you income whether your interests are painting, music, dancing, acting, or computer creation. Remember, though—even artistic income is not tax-free. Staying legal, avoiding fines, and properly planning your money depend on knowing taxes for artists. Allow me to simplify things for you. Under tax considerations, who qualifies as an artist? Under the Income Tax Act, you are regarded as a professional whether your income comes from any kind of artistic endeavour. This incorporates: How Taxes Income of an Artist Generally speaking, an artist’s income is handled as “Income from Profession.” This includes: Tax Schedule for Artists…
Especially if you have no experience in finance, income tax might be perplexing. You most certainly have queries regardless of your position: salaried, freelancer, senior citizen, or company owner. We will review typical taxation queries and answers in this post to help you better grasp your taxes. Who should submit an income tax return (ITR)? Any person whose overall income in a financial year exceeds ₹2.5 lakh must file an ITR. Senior citizens’ limit is ₹3 lakh; super senior citizens’ limit is ₹5 lakh. ✅ Q2: On what final date should income tax returns be filed? For those (not needing…
Although saving money is a beneficial habit, you also have to be aware of how taxes apply when your savings start to provide interest. Whether your savings come from a fixed deposit, small savings program, bank savings account, or modest savings program, the location and technique of storage for your money will determine the tax rate on savings. Let’s streamline things for you. Strategies for Saving: Their Tax Rates How To Handle Taxes on Savings Actually: The savings tax rate will be derived from your income slab and the interest source. Although PPF and certain other deposits are tax-free, most…
Most of us save our money in either small savings plans, fixed deposits, or savings accounts. These have tax considerations even if they are safe and provide consistent results. Here’s all you need to know, simply stated, if you’re asking about the tax rate on savings. For tax, what defines “savings”? Savings in the context of income tax refers to: Under “Income from Other Sources,” earned savings bank interest is taxed as tax rate on savings interest Tax rate: Per your slab of income tax For instance, if your funds generate ₹12,000 interest and fall under 20% slab: 2. Fixed…
