Gold has long been a favored investment choice for Indians, offering a hedge against inflation and market volatility. However, understanding the tax implications, particularly the GST levied on gold transactions, can be complex. Let's break down the nuances. Understanding GST on Gold India, as of now, imposes a 3% GST on the purchase of new gold, which includes jewelry, … [Read more...] about Gold Exchange and GST: A Comprehensive Guide to Navigating Your Investment
Investment Options
Bank FD vs SCSS (Senior Citizen Savings Scheme) – Which Offers The Highest Interest Rate?
When we think about investing in our retirement, we face a multitude of questions. Which scheme is better? Which will give us better interest rates? Are we liable for any income tax benefits? Most of all, our goal is that our savings build on themselves, rather than just remain a lump sum amount. Today, we shall learn about one such revolutionary savings deposit scheme known as … [Read more...] about Bank FD vs SCSS (Senior Citizen Savings Scheme) – Which Offers The Highest Interest Rate?
How to Choose the Right Mutual Fund? The Essentials!
Mutual funds offer a powerful tool to grow your wealth and achieve your financial aspirations. However, with a vast array of options available, selecting the right mutual fund can feel overwhelming. This blog post will help you to make informed decisions on mutual funds and select investments perfectly aligned with your dreams. Understanding Mutual Funds: A Collaborative … [Read more...] about How to Choose the Right Mutual Fund? The Essentials!
Understanding the Basics: What is Personal Finance?
Imagine this: you've just landed your dream job, and the congratulations haven't even stopped! But amidst the excitement, a tiny voice whispers, "How will I manage all this money?". If this sounds familiar, welcome to the wonderful world of personal finance! What is Personal Finance? Think of personal finance as the fitness plan for your money. It's about taking control, … [Read more...] about Understanding the Basics: What is Personal Finance?
When You Can And Cannot Pause Your SIP
For those who want to invest money for the long term, while at the same time, enjoying some liquidity in their investment money, investing in mutual funds via SIP is one of the best options. Why SIP? Well, SIP is the short form for Systematic Investment Plan - it is an automated way of investing. Since it is automated, you don't have to mindfully remember to invest - this … [Read more...] about When You Can And Cannot Pause Your SIP