The Income Tax Act, 1961 (IT Act, 1961) provides various tax benefits to reduce the tax burden in case expenses are incurred towards medical expenses for self/family or if the tax assessee or his/her dependant is disabled. These tax deduction benefits are specified in Section 80DD, Section 80DDB and Section 80U of the IT Act,…
Credit Cards epitomise modern life in terms of the convenience and the fast pace at which they help us complete transactions either online or at the point of sales. We are being spoilt for choice with credit card issuers ranging from domestic brands such as SBI, HDFC Bank, Axis Bank and RBL Bank to international […]
UPI (Unified Payments Interface) has transformed the digital landscape. This is now one of the most popular modes of payment. As digital payments increase, there is a higher risk of falling prey to scammers and fraudsters. We must take necessary precautions to keep our UPI payments safe and secure. UPI fraud refers to the fraudulent…
Business, be it big or small, is always in need of funds. Whether the promoters pool in money or raise money from the market depends on the size and business viability. It also depends upon the nature of the business – is it capital-intensive and what is its stage of development, in terms of inception, […]
Credit score is one of the first terms that people get acquainted with when they start learning the basics of personal financing. It is an important term that everyone should know about as this 3-digit score holds the power to influence lenders in your favour when you apply for a loan. Though having a […]
