Author: Thomas Bourque

Are you thinking about getting life insurance? Then you must have thought of the amount of money it costs per month. Life insurance is a financial instrument that provides the policyholder's family with financial protection in case of his/her death. It also helps policyholders accumulate funds to meet various financial goals, like funding their child's education, building a retirement corpus, etc. Thus, it's important that you know about various factors before buying life insurance. In this article, we will be discussing some key considerations when buying life insurance and how to get the best possible deal for your budget. There are various life insurance companies. However, not all insurers offer the same coverage. Finding the right insurance isn’t as difficult as one might think ...

GST, which stands for Goods and Services Tax, was levied in India on 1st July 2017. This has made the whole tax system a lot less complicated for the people. In case you are new to all this GST terminology, you have come to the right place. Read on to learn about the GST Compliance requirements and penalties under India’s GST Regime. GST has proven to be a win-win situation for the whole country. Its benefits are enjoyed by all, including the government, the industry, and the consumers. This tax gives a boost to the country's economy. What is the aim of GST? The main aim of GST is to make India a place that has common tax rates. This will pave the way for an independent and integrated economy at a national level. By permitting a set-off of different prior-stage taxes for various t...

If you have just started your career and begun thinking about investment plans, then you are certainly on the right track. But at the same time, you have also come to realize that it is not easy to make investments for an average Indian. After all, you have a limited salary, and most of it goes to meet your daily expenditure, or the rest is spent on paying up your loans. However, this does not mean that all your hopes of investment are lost for good. There are still some investment instruments you can consider within your limited budget and still get good returns. Fixed Income Mutual Funds Fixed income mutual funds are an investment instrument that allows you to diversify your portfolio. As you can guess by the name, these funds are useful in generating income. But what exactly are f...

Primarily, there are two types of bank accounts in India, i.e., savings accounts and current accounts. While people on an individual level prefer savings accounts, current accounts are preferred by businessmen and companies for carrying out high-volume transactions. As savings accounts cater to people who want to save money and deposit their salaries for personal use, current accounts are meant for people who want to carry out business transactions daily. Hence, current accounts come with higher limits on deposits and withdrawals as compared to savings accounts. Be it sole proprietor, businessmen, associations, or trusts. If you want to have a bank account for carrying your business, then it has to be a current account! Let's take a look at how to open a sole proprietorship current b...

A Demat Account is a web-based account that you can use to hold protections in a 'dematerialized' or mechanical structure. A Demat Account can be used to have numerous protections like stocks, securities, Mutual Funds, etc. Besides, it is not difficult to utilize and offers you many comforts. Be that as it may, it isn't required to have a Demat Account to purchase Mutual Funds. Peruse on to find out about the Paytm share price. . Why do you want a Demat Account to purchase Mutual Funds? We can see many individuals puzzle over whether they need a Demat Account for putting resources into Mutual Funds. It is critical to realize that a Demat Account is compulsory for putting resources into stocks and no other security. Nonetheless, while you needn't bother with the record to purchase Mut...

  Like most countries, you are supposed to pay Goods and Service Tax (GST)  on sale of property in Australia as well. GST is levied on your property that may be a new residential accommodation.  A new residential property, as per the ATO, is a property that has not been sold  previously as residential premises. It can also be a property that has been substantially renovated or re-built on a demolished property.  Since, buying and selling  property is considered as a business by ATO, people in such a business are supposed to have an Australian Business Number (ABN) and be registered for GST and deposit GST applicable of sale of property. Although GST is calculated on total value but for property, in place of total value,  in most cases, the ATO allows investors to use the m...

Debt is a slippery slope, one wrong step and things can take a turn for the worst. The moment we realise that we are in debt, we start to think of ways to find ourselves out of it. It isn’t always easy to find a way out of it. That is when you need to reach out to York Credit Services. Their experts will help you to figure out ways in which you can consolidate the debt. You can always reach out to them on their Facebook page: https://www.facebook.com/YorkCredit Before undergoing debt consolidation, you might have a lot of doubts. We are here to help you answer these questions. When do you qualify for a debt relief program? A person who owes $8,000 or more in the form of unsecured debt, along with a source of income can qualify for this program. If you have tick marked both the boxes ...

In India, the financial organisations, including HFCs (Housing Finance Companies) and NBFCs (Non-banking Financial Companies), offer a variety of home loan offers to suit the different needs of the people. Today, you can avail of a home loan to purchase a new ready-to-move flat or construct your own home. Also, you can use your existing home as a collateral to avail loan against property. However, many first-time borrowers do not understand the difference between home loan and loan against property or LAP and tend to use the terms interchangeably. The truth is home loan and LAP are entirely different financial products that serve different purposes. So, if you are looking for the best home loan in India, you must be aware of the key differences between LAP and home loan to make the righ...