Personal finance refers to the management of an individual’s financial resources, such as income, expenses, savings, investments, and debt. It involves making informed decisions to achieve financial goals, maintain financial stability, and secure one’s financial future. Here are some key aspects of personal finance: Budgeting: Creating a budget is fundamental to personal finance. It involves… Continue reading Personal Finance
Category: Finance
Non-applicability of TDS under GST
The SOP for TDS under GST further elaborates the cases where TDS under GST need not be deducted. 1.The total taxable value of supply is less than or equal to Rs.2,50,000 2.Receipt of goods or services which are exempted as per notification no. 12/2017 and 2/2017 dated 28.06.2017 as amended from time to time. 3.Goods… Continue reading Non-applicability of TDS under GST
Macros in Excel
Macros in Excel are a series of commands and actions that are recorded and saved as a program or script that can be executed at a later time with a single click. Macros allow users to automate repetitive tasks and increase productivity. Macros can be created and edited using the Visual Basic editor within Excel.… Continue reading Macros in Excel
Financial Planning and Investment Strategies
Financial planning and investment strategies are crucial for managing your money, achieving your financial goals, and building wealth over time. Here are some key concepts and strategies to consider: Set Clear Financial Goals: Start by defining your short-term and long-term financial goals. Whether it’s saving for retirement, buying a home, or starting a business, having… Continue reading Financial Planning and Investment Strategies
Bull Market vs Bear Market
Bull Market This situation is defined as a marketplace whereby the prices of listed securities continuously rise due to favorable macroeconomic scenarios or improved internal circumstances of the firm or sector. In general, the terminology applies to stocks, but it also gets referenced to other asset class such as Bonds, FOREX, and Commodities, etc. Since the laws of demand and… Continue reading Bull Market vs Bear Market
RCM Charges
RCM charges refer to Reverse Charge Mechanism charges. The reverse Charge Mechanism is a tax compliance mechanism used in some countries to shift the liability to pay taxes from the supplier of goods or services to the recipient or buyer. Under the Reverse Charge Mechanism, the buyer of goods or services is required to self-assess… Continue reading RCM Charges
SWOT ANALYSIS
SWOT analysis is a strategic planning tool used to evaluate the strengths, weaknesses, opportunities, and threats involved in a project or business venture. It provides a structured framework for assessing the internal and external factors that can impact an organization’s success. Here’s a breakdown of each component of a SWOT analysis: Strengths: Strengths are the… Continue reading SWOT ANALYSIS
5 Best Ways to Save on Taxes with Fixed Deposits
As a new financial year begins, many Indians are looking for ways to maximise their savings and minimise their tax liabilities. One popular investment option that offers potential tax benefits is Fixed Deposits (FDs). In this , we’ll explore the most effective ways to save on taxes with FDs and how they can be a… Continue reading 5 Best Ways to Save on Taxes with Fixed Deposits
10 Essential Cash Flow KPIs to Monitor
Monitoring these KPIs can help you identify potential cash flow issues and take proactive steps to address them 1. Operating Cash Flow Ratio – measures the cash generated by a company’s operations to cover its current liabilities. 2. Free Cash Flow – the cash available to a company after accounting for capital expenditures. 3. Cash… Continue reading 10 Essential Cash Flow KPIs to Monitor
Surcharge, Marginal Relief and Health & Education Cess
What is Surcharge? Surcharge is an additional charge levied for persons earning Income above the specified limits, it is charged on the amount of income tax calculated as per applicable rates. 10% – Taxable Income above ₹ 50 lakh – up to ₹ 1 crore. 15% – Taxable Income above ₹ 1 crore – up… Continue reading Surcharge, Marginal Relief and Health & Education Cess