With constantly rising prices of Petrol and Diesel, can bringing GST into the equation be the solution? Dinesh Rohira: Founder and CEO, 5nance shed some light on the issue in Money Talk with Jeeturaj at Radio Mirchi 98.3 FM.
With constantly rising prices of Petrol and Diesel, can bringing GST into the equation be the solution? Dinesh Rohira: Founder and CEO, 5nance shed some light on the issue in Money Talk with Jeeturaj at Radio Mirchi 98.3 FM.
SIP- Why is everyone in the investment arena falling head over heels for it? What are its long-term benefits? Is it something you should try, too?
What is SIP and why is it so popular these days?
An SIP or Systematic Investment Plan is a smart financial planning tool that serves the purpose of a strong foundation securing your dreams. It aids in investing your hard earned money in mutual funds in a non-burdensome way.
Rolled out on the 1st of July 2017, Goods and Services Tax (GST) is considered as the largest-ever tax reform to hit the country in the past 70 years. Replacing the old, defunct tax regime, GST has paved the way to a transparent and more robust taxation system. Another enormous change is the elimination of the cascading effect of taxes and the elaborate compliance measures which were widely prevalent before.
GST will ultimately boost tax receipts, reduce tax evasion, contribute towards ease in doing business and eventually help the Indian Taxation system to move towards a more organized sector.
Planning tax does not always have to be overwhelming. Like you, I too was once a beginner who was struggling with tax planning and filing. I made silly mistakes like exploring only section 80C, making wrong investments at the last minute and not structuring my salary well.
Retiring young is a tempting dream especially in a world dominated by uncertainties and stress. No matter what the reason is - sickness, increasing stress at work, monotony, retiring early is much more than socking away money every month. It needs proper planning!
Now the million-dollar question is “Are you prepared for it?” We asked Sheena and she says retirement planning was the last thing on her mind. Being in her early 30s, she had her reasons: