The classification of MSME for both goods and services organisation is done on the basis of the turnover and is as follows:- Classification Turnover Micro Enterprise Upto Rs. 5 Crores… Read more
Guaranteed Income Plan is a type of savings plan cum insurance plan that promises guaranteed annual income after a fixed period. It is non-linked, non-participating endowment plan where the policyholder… Read more
The two most common bank accounts are savings account and current account. These two are the most widely used accounts, and often banks offer variety of features in these accounts… Read more
The day I qualified my CA Exams, I was on 7th heaven and very confident that clients would soon start coming to engage me for my services and there would… Read more
Do you dream of owning a piece of land in a scenic part of the countryside? A land over which you can build your dream house to use as you… Read more
A child plan is a tailor-made investment cum insurance option to meet the financial needs of a child. In a child plan, there are two components– insurance and investment. The… Read more
“It’s more important to grow your money than cut your expenses. It is more important to grow your spirits than cut your dreams.” –Robert Kiyosaki, author of Rich Dad Poor… Read more
It is often jokingly said that ‘Where there’s a will, there are relatives’. Jokes apart, it is important to make a will for the very reason that there are relatives… Read more
The concept of GST is similar to that of VAT and Service Tax, which was applicable earlier. The only difference between the two is the mechanism of taking Input Tax… Read more
The Indian Tax Laws are very harsh when it comes to NRI’s. Any payment made to NRI is required to be made after deduction of TDS even if his income… Read more
A lot of young entrepreneurs reach out to me for guidance on how to get new clients. Although, I’m no expert in getting clients – but most of them are… Read more
Expansion of business is desirable to every businessperson. Your business requires funds for its growth. At times, owner’s own money is not enough to expand the business and even the… Read more
Have you received any income tax notice so far? If yes then keep calm and continue reading this article. Major reasons to expect notices or communication from Income Tax Department… Read more
Today, almost all banks offer Fixed Deposit account service as a lucrative investment option. Owing to its stable returns and lower risk, it is one of the most popular choices… Read more
While switching jobs people sometimes forget to transfer their PF accounts. They leave it as it is and open a new account with the new employer. This results in creation… Read more
