5 lesser known ways to secure your Debit Card

There has been a tremendous rise in the number of digital transactions in the recent past. And with digitalization comes the risk of security threats. Yes, I know you must be thinking that you have OTP to secure your account....

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Full Service Broker vs Discount Broker: Which one is better for you?

Most people have this confusion regarding where to open a Demat Account. To help you answer this question, I’ll first explain on the types of Demat Accounts and then answer the question regarding which type of Demat Account is better...

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What are ESOPs and Tax on Sale of ESOPs? (with Examples)

ESOP stands for Employees Stock Option Plan. As the name suggests, this is an option given to the employees to become the shareholders of the company. This option can be exercised after the employee has completed a specified no. of years...

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Factors to consider before taking Personal Loan Balance Transfer

There may be times when you find lucrative offers on a Personal Loan but you already have an existing personal loan. In that case, you can transfer your personal loan balance with another bank which offers you a better deal. ...

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How to apply for IEC code for Import and Export of goods?

An IEC Code is a 10-digit code Importer Exporter Code, issued by the Director General of Foreign Trade (DGFT), which is mandatory for every organisation who does or intends to do the business of Import-Export. It is only applicable when...

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How to file Income Tax Return (ITR) after Death of Taxpayer?

If a person dies during the year, and has earned some income during that year, it is necessary to file income tax returns even after his death. As per the Income Tax Act, income tax is to be paid, and...

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Always check the Claim Settlement Ratio before buying Life Insurance

Once you have decided that you wish to opt for a life insurance policy, the biggest confusion is – Which is the best Life Insurance Company? There are many insurance companies in India that offer Life Insurance policies which makes...

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All about GST Compensation Cess

GST Compensation Cess is an additional cess levied on certain notified goods in addition to GST applicable on it. GST Compensation Cess also known as GST Cess was introduced to compensate states which are heavy on manufacturing. Due to the...

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GST e-Way Bill: Validity, Applicability, Rules & Procedure

E-Way Bill is an electronically generated document which is required to be generated for the movement of goods of more Rs. 50,000 from one place to another anywhere in India except Delhi. For movement of goods within Delhi, e-way bill...

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Assigning a nominee does Not Guarantee Inheritance

If you have ever opened a bank account or applied for an insurance policy, you must have filled out a form where you would have noticed that they ask you to assign a ‘nominee’. Now, what exactly is a nominee?...

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