2020 is ending but the most important financial lesson shouldn’t The pandemic could be a once in a century event but the impact is here to stay. This pandemic has brought to the forefront the need to have savings and investments to fall back upon for extended periods.
All you need to know about TDS and tax refunds as an NRI Here is a low-down on TDS under various income heads for an NRI and methods to reduce it or seek refunds.
Do you need to reshuffle your investments as 2020 comes to a close? At the end of such a year, how can you plan for the next?
Don’t leave money sleeping in your savings bank account Seeing all the money readily accessible also gives a false sense of security, almost like you don’t need to hold on to it for your financial future.
What mistakes do people make when filing their IT returns? Many of those who have to file their returns for the first time or those doing it at the last moment can end up making some critical mistakes. Here are the most common ones and how to avoid them.
Should you invest in international funds? An International equity fund is one such way to capitalize on prospects of global leaders. Should you own them?
Does it make sense for NRIs to invest in bank fixed deposits? By investing in FDs of Non-resident Ordinary (NRO) and Non-resident External (NRE) accounts, NRIs get to earn better returns than in their savings account. But is it the best alternative?
Should you invest in multi asset funds? These are hybrid funds that invest in varied asset classes – equities (including international), debt, gold and other commodities such as metals and agriculture.
Does your asset allocation need hybrid funds? You can invest in equity, debt, or even gold funds separately or you can combine these assets through hybrid funds with pre-determined asset allocation. While the latter sounds like an easier choice, keep in mind some basic factors before you invest.
When should you start investing in overseas funds? Overseas investments can help you diversify risk which you won’t be able to do in any other form.
Should you get a job-loss cover in these times, and is it effective? Safety of jobs is no longer a given. Is it smarter therefore to take a job-loss cover?
Are the new tax slabs right for you? The good thing is that the Government has left the decision of which method to pick for tax calculation, to you. You decide whether you want the lower tax rates or more exemptions and deductions.
