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A financial emergency may occur from anywhere and to anyone which may vary from use to use. During these times of emergency, a small financial help can cause a huge difference and help you come out of the situation. Thus, these specific needs for personal loans can be recognized. In times of growing economy and financial trade, the term credit has become very familiar with the common population. With the coming of various government and private financing company the exchange between lenders and borrowers has spiked to a new height after the government taking control of the interest of both the parties. So, that a collective growth can be established. Earlier it was avoided as there were no laws specific to these small borrowings and lenders used to charge high interest on very small amounts, taking their assets as mortgage and then complete possession in case of not returning the debt. Thus, people developed a distance even it was beneficial for them. Nowadays securing a handsome perso...

Long term capital gains (LTCG) are those profits that you earned after you have invested more than 1 lakh of money in a capital asset and that you have held for more than 3 years of purchase. LTGC is also subjected to a tax as it is considered a source of income, hence you are liable to pay 20% of your LTCG as tax if you sell any of your capital assets under LTCG. In the case of inheritance or will the tax will not be applicable as the property is not being sold or purchased. How to Save Tax on Long-Term Capital Gains There is a lot of confusion regarding what is considered under the capital assets on which LTCP tax is applicable and on those it is not. From Land, building, house property, vehicles, patents, trademarks, leasehold rights, machinery, and jewellery these are some of the examples of such assets. LTCP brings in a huge amount of profit and with it a liability to pay the necessary taxes. But why is it important to save taxes on LTCG? The straight answer would be the sheer amo...

Everyone likes to buy the things they love and the temptation to buy them as soon as possible is the reason credit cards exist and are used by many middle- and high-class people all over the world. To match up with the latest trend people often couldn’t wait to save up the amount and would rather choose to pay that small amounts as EMI to have the product now. Not always this credit is used on personal expense many times a sudden need of money may arise due to medical or financial crisis and though it is advised to have an emergency fund, a credit card could turn out to be a blessing. One have to be very careful while spending on all those expenses firstly because it is not your money, it should be treated as a loan and have to be paid back and not to max out the limits when you can’t afford to pay it back before the deadlines and sooner or later find yourself in a debt and penalties which can degrade your financial records at a very early stage of your career. Managing A Credit Card o...

  In the times of global connectivity and numerous trade routes, the world has become a single unified entity with having various individual elements helping each other for a greater good for everyone. when we talk about this great connectivity, we also talk about the global challenges we face together which could have many direct and indirect impacts over a long duration of time and could affect no matter who you are or wherever you are in today’s time. Thus, you must realize the merits and demerits of such arrangements and be prepared with the best of our knowledge. Money management during the Coronavirus Crisis Covid-19 has grasped the world in the shackles of lockdown for most of 2020 and while everyone is stuck inside their home and hoping for the betterment of the current state that we are in right now. New issues have started to arise which are born from the root cause of this global pandemic. One of the best among them is the new global economic crisis, many countries such ...