Personal loan is a loan, which is used for personal uses like for marriage expenses, for a vacation, repaying debt, home renovation, for education expenses etc. The meaning of personal loan can be explained as an unsecured loan and it is based on the capacity and ability of the borrower to repay the loan. Unsecured
Capital Gain may be explained as profit made out of the sale of any capital asset where the sale price exceeds the purchase price of the capital asset or investment. In case the sale price of the capital asset is less than its purchase price, the assessee incurs a capital loss. Section 2(14) Capital assets may
When we talk about investments, most Indians prefer investing through fixed deposit schemes. We Indians consider Fixed Deposits as the safest and secured investment vehicle. It gives one a guaranteed and assured return on his/her investment. Fixed deposits have been the oldest forms of investment instruments in India. In this article, we would be sharing
Mr. Vinod Mennon, 32, who is an engineer by profession, seems to be very organized in his work. But when it comes to investments and savings, he has a very laid-back attitude. Managing his personal savings and investments is not in his priority list, though sometimes he gets worried because of the tax outgo from
In Today’s complex environment of investment, it becomes imperative for an individual to be financially secured in case of mishappenings or emergencies. Preparing oneself from unforeseen events is an important part of Financial Planning. Contingencies or emergencies can be of various types commonly being Job or Income Loss, Accident, Medical emergency or Death To create
Mutual funds are one of the best way to accumulate wealth in near or long term. Indian Investors have a clear tendency to check the returns and then decide upon the scheme. But there are various other things which must be taken into consideration. As with any investment, a fund’s past performance is no guarantee
Failing to Plan is as good as Planning to Fail” As much as we hate to admit it, planning is an integral part of our lives, not just in our finances but in every aspect of our lives. Therefore, it’s better that we start planning early rather than regret later. What is Financial Planning? In
Why have Equity markets rallied recently? Indian Equity markets have rallied extremely robustly in the last 6 to 9 months, especially towards the lead up to the General Elections. Several reasons can be attributed to the bull run up in equity markets, which have been discussed in excruciating detail by everyone. Suffice to say that
Lets see what is profit and loss account which is basic and main part of accounting and essential for any analyst to understand Profit & Loss Statement Account Any company in India formed under the Companies Act, will have to publish its Annual Report which has two primary accounts important from an Investor perspective i.e.
Mr. Ravi Sharma, an Engineer by profession was diagnosed with typhoid in June 2014. He had to be admitted in Cardinal Gracias memorial hospital at Vasai for 8 days. As he recovered from high fever, another issue griped his senses. The issue was payment of hospital bills. His total bill for 8 days was Rs.85,000.