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New Income Tax Portal For e-Filing 2.0 | Portal Features & Benefits The Income Tax Department launched its new e-filing portal www.incometax.gov.in   New e-filing Portal Features And Benefits are covered in our video.  1. User-friendly   a) Simplified  b) Easy to use  c) Multiple login Options  d) Single Dashboard   2. Income tax payment on the same portal&nb...

All you need to know about NPS As the name suggests National Pension System is dedicated solely to retirement planning. It is a pension cum investment scheme launched by the Government of India for the age from 18 to 65 years.   NPS is also a good option for wealth creation as your money gets invested across asset classes like equity, Government/corporate bonds, etc. Hence the National Pensio...

What Is An IPO? | How To Choose Which IPO To Invest? These are the pointers related to IPO covered in this video.  1.What is an IPO?  Initial Public Offering (IPO) can be defined as the process in which a private company or corporation can become public by selling a portion of its stake to the investors. Through the IPO, the company gets its name listed on the stock exchange.   2.Wh...

What Is Reverse Mortgage? How You Can Benefit From It When you have a regular mortgage, you pay the lender every month to buy your home over time. In a reverse mortgage, you get a loan in which the lender pays you. In Reverse mortgage, Bank takes part of the equity in your home and convert it into payments for you – a kind of advance payment on your home equity. The money you get usually is tax-fr...

How to do Retirement Planning? We may have reached our goals of owning a car or enjoying foreign vacations. But when we have retired and don’t have any stable income,  how are we supposed to maintain this lifestyle? Retirement Planning helps us to invest well in advance considering the amount we wish to receive in future.  Inflation is the biggest wealth killer if we don’t plan our retir...

5 Factors To Consider While Buying Life Insurance In India Smart investors never fail to set realistic and long-term financial goals to ensure a secure future for themselves as well as their dependents against all unforeseen events. They do the same by investing in life insurance plans which is nothing but life insurance in its purest form for rendering comprehensive financial protection to your l...

Financial Planning for Beginners Investing helps one in the future. All of us have goals in life, most of them require money. As your earnings increases, your purchasing capacity also increases, which in turn increases your goals as well. It is always better to start saving early so that it becomes easier to fund your future goals.  Also, Subscribe to our youtube channel for videos on Financi...

Types of health insurance covers and which one should you have? You cannot predict what is there waiting for you in the future. There are always lots of uncertainties coming up for you in the future and you are always unaware of it. These uncertainties cause a drastic financial crisis to your family and close ones. Getting health protection as early as possible is becoming extremely important. But...

What is Risk Profiling? How to find your Own Risk Profile Knowing your risk profile is one of the very important steps before making an investment. Risk will always be on your plate when you’re investing, but do you know How to find your own risk profile?  Refer to our podcast to learn detailed information about your own risk appetite. Visit us at https://www.fintoo.in​​ Contact us on - +91 9...

Low-interest rates. Where should you invest? Falling returns on fixed income assets have created a riddle for risk-averse investors and retired employees, who fall back on such products to generate regular income. In a high inflationary environment,  such low returns on assets tend to erode capital and, therefore,  decrease the asset base. Visit us at https://www.fintoo.in​​ Contact us o...

5 Parameters to check your Financial Health Most people are unaware of certain basic things or factors to look out for, which are basically warnings towards incoming financial  peril. If ignored these may prove to be very costly, but if identified at an early stage, they may be corrected to ensure sound financial health and leads the way to efficient and effective financial planning.  Le...

Best Tax Saving Investments saving tax is always at the forefront of every taxpayer’s mind. That is why individuals look at legal avenues to lower their tax liability.  Thanks to the Income Tax Act provisions, there are ways in which an individual tax-payer can lower his tax outgo. The provisions provide for tax deductions and tax exemptions from the taxable income. These deductions and exemp...

Tax Gain Harvesting Selling an investment again and resetting its cost basis can help you save on taxes. It is best implemented at year-end when your total income and losses can be better estimated. Contact us on - +91 9699 800 600 Join us on WhatsApp: https://bit.ly/Connect_on_Whatsapp Follow us on Facebook: https://www.facebook.com/fintooapp/ Insta: https://www.instagram.com/fintoo.app/ LinkedIn...

Tax Loss Harvesting Tax Loss Harvesting is currently used as a yielding strategy for tax management purposes. However, it may remain unknown or unpractised to the maximum benefit by the regular investors. So let’s see what Tax Loss Harvesting means Tax Loss Harvesting refers to the tax management strategy where the stocks and securities are sold at loss to square off the tax liability arising due...

Nitty Gritty of GST The government has notified several changes in the GST law and has also put into effect several amendments brought in vide the Finance Act,  2020. This alert covers the key changes notified in the GST law. Rule 86B has been inserted to restrict the utilization of Input Tax  Credit (ITC) to the extent of 99% of tax liability for the relevant period for taxpayers having...

MWP Act - A Financial Boon for Women If you have any questions do write and email us at - online@fintoo.in What is the MWP Act?   MWP Act refers to the Married Women’s Property Act. This was created in  1874 with a motive to protect the interests of married women over the property. In 1923, there was an amendment to this Act which states that the proceeds of the insurance under this Act...

Will vs Nomination vs Joint Holding Estate Planning is not just Will creation - https://anchor.fm/fintoo/episodes/Estate-Planning-is-not-just-Will-creation-euhjum Important points to consider while writing a Will - https://anchor.fm/fintoo/episodes/Important-points-to-consider-while-writing-a-Will-ev1fsa How to ensure that our loved ones are protected even when we are not there with them? We need...

Important points to consider while writing a Will We always care for our loved ones and wish that nothing in the world hurts them. We can be assured that they are protected if we have Will.  Will is a legal and bonafide document that comes into effect on the unfortunate event of the death of the Testator. An executor has to  assign the assets and money to specific individuals who are lat...

Estate Planning is not just Will creation Why do I have to prepare the Will? Am I not too young to prepare the Will?   We all think the same but is it really true?  We can’t leave our loved ones without any security or protection when we are not there with them. Will preparation is a meticulous task but has to be drafted considering the important aspects. We have come up with few pointer...

Handling finances is a little tricky! But not if you learn the tricks of the trade - Money Ratios.  Money Ratios are like a torch on the foggy road, so they will teach you how to evaluate financial health. What are Money Ratios? Money Ratios refer to the financial perimeters which can be calculated based on the components of Personal Finances like debt, monthly expenditure etc.    L...