Recent GST Law Amendments

https://www.fundstiger.com/tds-statement-filing-due-date/ Filing the TDS statement after the due date, which is May 31, 2019, will invite a late fee of Rs. 200 per day and a penalty up to Rs. 1,00,000, said by the Income Tax Department. However, the Income Tax Department has extended the due date for e-filing TDS for assessees in Odisha to June 30 on account of Cyclone Fani. A quarterly statement refers to a quarterly return to be filed by the deductors of tax. The following details must be included in the statement: PAN of the deductor and the deductee. Sum of tax remitted to the Government. Information of TDS challan. Other details, if required. 10 Things to Know For filing the quarterly TDS statement online, a copy of Form 16/16A can be downloaded from the TRACES portal – tdscpc.gov.in, according to the Income Tax Department. The Form 16/16A contains the seven-character TDS certificate number. The transaction-based report (TBR) can be downloaded instead of TDS ...

https://www.fundstiger.com/first-job-financial-advice/ You received an offer letter and couldn’t be more excited to start your new job. While this is a fresh start for your career, it’s also a great time to hit the reset button on your finances. It’s so important to take some time to reassess your spending and financial goals before that first salary arrives. If you don’t, there’s a good chance you will fall victim to lifestyle creep, end up losing all the money, or still struggle with the same money problems you had before. For those who have familial responsibilities like parent’s health or a sibling’s education, having no planning to combat these needs leaves the person in a dire situation. Thus, keeping such goals in mind, every individual during this early phase should not just focus on the present but also work on saving and creating a solid base for the next phase of life. 5 Smart Financial moves when you start a New Job 1. Update your budget When most people g...

0 SHARES   Facebook 0   Twitter 0   LinkedIn 0 SHARE   Email -- Email to a friend https://www.fundstiger.com/saving-tips-students/ Having a healthy financial life while in college/school is a challenge. The most frequent interaction we have with money is when we spend it. And we don’t often think about ways to manage it, and other concepts like saving, investing etc. Students should spend their years working on their finances. They should educate themselves in money management and turn that knowledge into concrete moves. 7 Money Concepts Students should know 1. Money Personality This refers to your money attitudes and money habits. Are you a saver or a spender? Do you worry about money or do you refuse to think about it? A person’s life experiences affect the way they handle money, the attitudes they have towards it, the financial decisions they make, their money values, and their willingness to take risks in money matters. 2. Plan your Purchases...

https://www.fundstiger.com/teaching-kids-money/ One of the greatest gifts you can give your kids is to be responsible empowered adults around money. Most parents talk to their kids about savings at an early age, imparting them the wisdom of savings and its importance. Even then, most parents tend to think it’s best for the children to receive their financial education once they are of an appropriate age. Indian parents tend to leave their children a lot of money as inheritance which, contrary to their thinking, will only harm the children without any financial education. Children are known to be most receptive when they are between 5-12 years of age. So it would be advisable to start their financial education in these years itself, when it still is education and not a task they need to accomplish. As they grow, they can learn more complex concepts. This way the children will be prepared to take big money decisions as adults. Common mistakes parents make Parents often keep c...

https://www.fundstiger.com/stock-market-election/ The markets prefer a strong, stable regime without the crutches of coalition because it ensures continuity in economic policies. Investors now have political stability and predictability of economic policies, which they normally look forward to before investing with a long-term time horizon. The clear mandate removes the overhang of uncertainty from the markets. This is a significant positive for market sentiment and for attracting global investors. The S&P BSE Sensex rallied over 950 points to hit 40,000 and the Nifty50 broke above its previous record high of 11,883 to touch a record high of 12,000 as early trends indicate a majority for the NDA. Domestic consumption will remain the cornerstone of investments in Indian Markets. Consumption, select financials, oil marketing companies, and niche engineering companies remain the best bet in the market. Though volatility is part of the stock markets, it does not last fore...

https://www.fundstiger.com/mutual-funds-risks/ All investments are subject to some risk.  Mutual Fund  investments are less risky as compared to direct investment in equity but riskier than Bank Deposits. The degree of risk in mutual funds differs from one scheme to another. This can be due to the investment portfolio, management and how the underlying investments are affected by micro and macroeconomic conditions. Risks associated with Mutual Funds 1. Credit Risk/Default Risk: Fund Managers take this risk to get higher returns by investing in lower quality papers, like AA, A+, etc. Credit risk is the chance that a bond issuer will not make the coupon payments or principal repayment to its bondholders. In other words, it is the chance the issuer will default. Higher this chance, higher will be the yield/return on the paper. Judicial prudence has to be applied before taking this call. Recent events have brought this risk to fore front. IL&FS, Essel Group, Jind...

https://www.fundstiger.com/travel-loans/ A Personal Loan for the purpose of financing a vacation or travel in India or abroad is known as a Travel Loan or a Vacation Loan. Both public and private sector banks are constantly making attractive travel loan offers to their customers with a view to making their travel experiences worthwhile. When and why should you take a Travel Loan? The following are the reason to take a Travel Loan You are keen to enjoy life with your loved ones and no longer want to postpone your holiday plans due to want of immediate funds You are reluctant to spend lump-sum money on luxury vacation expenses You are not willing to liquidate your savings and lose interest income on long term savings instruments such as Fixed Deposits, NSCs to spend on your holidays Options to avail Loan for Travelling Travel companies such as MakeMyTrip and Yatra.com offer travel loan packages through their websites to customers by partnerships with banks and credit...