Mutual Funds

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Child Plan vs Child Fund

A wide range of investment products is available for savings for different financial goals like children’s education, marriage, home buying, etc. Some of them are traditional investment products are Unit Linked Insurance Plans (ULIPs), endowment insurance policies, fixed deposits, etc....

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Provident Funds Vs Pension Funds

The golden years of your life should not be spent worrying about where the next meal is coming from or how to pay for medical expenses. That's why you must start planning for retirement now. So when those days come...

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Direct Tax and Indirect Tax in India

What is a Direct Tax? In India, taxes are levied by the Government through Direct & Indirect Taxes. Both are extremely important in the growth of the Indian economy. Direct taxes, in simple terms, is the tax that is levied...

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The Difference Between NPS and APY Schemes in India.

What is the National Pension Scheme NPS? National Pension Scheme (NPS) is a long-term investment plan started by the Central Government. It falls under the purview of the Pension Fund Regulatory and Development Authority (PFRDA) and is open to employees...

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How to Compute Tax on Income From Other Sources in India?

Income from other sources is one of the heads for the classification of income as per the income tax. It can be considered as a residuary head of income that covers all the incomes which are outside the scope of...

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How to Calculate Tax on Income From House Property?

Income from House Property Under Section 24 House property for the purpose of income tax is any property whether land or building which an assessee owns during the financial year. The house property could be a house, building, flat, office,...

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NPV vs IRR – What is the Difference Between NPV and IRR?

Net Present Value (NPV) is a capital budgeting technique used to determine an investment's profitability. Internal Rate of Return (IRR) is a financial metric that estimates the return from an investment. Though both NPV vs IRR determine how profitable an...

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Tax Information Network – How to Apply for PAN with TIN?

What is a tax information network TIN? With the advancement of technology, the income tax department has been constantly working on leveraging the technology in order to provide smooth services to the taxpayers. Keeping this in mind, the department launched...