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Finance Facts: July 2017

8 Reasons to make a financial plan

July 18, 2017
Why should you make a financial plan? (adsbygoogle = window.adsbygoogle || []).push({}); There are many advantages of financial planning which can have far reaching positive effects on one's life. Here are some reasons why a comprehensive financial plan is important: Safety net for the future: Financial planning helps give a direction to your financial decisions. It helps you decide various investments that can bail...

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CA

[Must READ] Important changes in ITR Forms for AY 2017-18

July 16, 2017
July 31, 2017 is the last date for filing income tax returns for FY 2016-17. It’s important to know what has changed in ITR compared to last year. The biggest change is the number of ITR forms have reduced from 9 to 7. Other than that all the tax returns have to filed electronically except for people who are more than 80 years...

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Accounts

WEALTH MANAGEMENT VS. FINANCIAL PLANNING

July 16, 2017
What should a financial plan include?  how to actually make a financial plan. Depending upon an individual's needs and wants, a financial plan should include various components. It should include everything, which helps in the attainment of your financial goals in the most efficient manner. Some things might have precedence over the others, but anything that even remotely affects your goals should be...

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Education

10 Best Money Management Tips

July 12, 2017
Hectic jobs, busy schedules through the week and no time for self, means that our personal finances take a back seat. To ensure that you have the essentials covered, we have designed a 10-week action plan for you. Just one task every week for 10 weeks (most of them do-able in just an hour on the weekend) will ensure that you are feeling...

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Business

GST : F.A.Q on GST Registration and Migration

July 10, 2017
Which businesses are categorised as existing taxpayers? Any legal entity registered under any tax laws as prescribed by the state or central government is considered an existing taxpayer. These include like Value Added Tax Act, Central Excise Act and Service Tax Act. Others include entry tax, luxury tax, and entertainment tax, except for those levied by local bodies. How must one enroll into...

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Accounts

GST -Treatment of Closing stock as on 30june

July 05, 2017
GST has been implemented from 1st July. Many taxpayers have huge stock lying. So what should be done for stock lying on 30th June? Up to 30 June, there are VAT, Excise, Service Tax laws but from 1st July GST has been implemented so what about the stock as on 30th June is the biggest question which everybody facing and it has created...

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