Form 15g & Form 15h: Know how to save tax
The Income Tax department has provided forms 15g and 15h to help individuals save tax on interest income from deposits and bank accounts and other specific income sources. Individuals need…
RuPay: Credit cards made for India
RuPay is a card payment network of India. It is widely accepted at ATM's, PoS devices and e-commerce websites across India. The name has been coined from the combination of…
Unified Payments Interface (UPI): A comprehensive guide
What is UPI?Unique Features of UPIParticipants in a UPI transactionHow UPI works?Benefits of UPI What is UPI? UPI means 'Unified Payments Interface'. It is a smartphone payment system which enables…
Credit Cards: A comprehensive guide
Credit cards are rectangular cards made of plastic or metal which are issued by a bank or a financial institution. These enable the card holder to pay from borrowed funds…
Who are Discount Brokers?
A discount broker is a licensed stock broker who executes buy and sell orders of clients at reduced commission rates. A discount broker does not provide investment advice, tax planning,…
When to use services of a full service Stock Broker?
A full service stock broker is a licensed broker firm that provides a wide array of services to its clients along-with stock trading and investments. The variety of services include…
Portfolio Income: A quick guide
Portfolio income is earned from investments. Dividends, capital gains, interest are all portfolio income. It is one of the three types of income - the other two being active income…
What is Active Income?
Active income is income received for performing a service or income from business where there is active participation. Examples of active income are salaries, wages, commissions, tips, fees and business…
What is Passive Income?
Passive income is income which can be earned without active involvement of a person. It does not require a person to spend too much time, effort or resources in order…
Demerger: A comprehensive guide
A demerger is when a business is broken into parts and each part either operates on their own or is sold to someone. A demerger allows large companies to split…