In India, individuals are generally taxed only on their own income. However, there are situations where a person may have to pay taxes on someone else’s income. This is called clubbing of income, and it is designed to prevent people from avoiding taxes by shifting their income to others, especially family members, who are in a lower tax bracket.Why Do We Have Clubbing … [Read more...] about Clubbing of Income: Paying Tax on Someone Else’s Earnings in India
Understanding Section 143(1) Intimation and Your ITR Password: A Simple Guide
If you've filed your Income Tax Return (ITR) and received an Intimation under Section 143(1), don’t worry! It's not always a bad thing—it might even mean you're getting a tax refund! Let’s break down what this notice means and what steps you need to take.What is an Intimation Under Section 143(1)?When you file your Income Tax Return (ITR), the Income Tax Department … [Read more...] about Understanding Section 143(1) Intimation and Your ITR Password: A Simple Guide
Understanding Key Events That Impact Stock Markets
Navigating the stock market can be tricky, especially when you don't fully understand the factors that drive stock prices. By learning about key events that affect the market, you can make better investment choices. In this guide, we’ll break down these events in simple terms and help you understand how they impact the stock market.Introduction to Stock … [Read more...] about Understanding Key Events That Impact Stock Markets
What Are Depositories and Why Every Investor Should Understand Them
If you're new to investing, you might have come across the term depository and wondered what it means. Don’t worry—this guide will explain everything you need to know in a simple and easy-to-understand way. Whether you're looking to invest in stocks, bonds, or other securities, understanding depositories will help you manage your investments more safely and efficiently.What … [Read more...] about What Are Depositories and Why Every Investor Should Understand Them
Understanding Valuation Ratios: A Simple Guide for Investors
Valuation ratios are important tools that help investors figure out whether a company's stock is underpriced, fairly priced, or overpriced. These ratios are based on a company's financial health and can guide investment decisions. By looking at these ratios, investors can understand if a stock is a good buy or not.In this guide, we’ll look at three key valuation ratios: … [Read more...] about Understanding Valuation Ratios: A Simple Guide for Investors