15 High Value Transactions tracked by Income Tax

November 24, 2016, 8:13 am

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The transactions done in the high denomination is known as high value transactions. All high value transactions are tracked closely by the Income Tax department. It is mandatory to report all high value transactions in the prescribed format by the banks and all other financial institutions. The prescribed format is called as a Form 61A or Annual Information Return (AIR). Any mismatch found in Income reported in ITR vs investment/expenditure may lead to Income tax notice. So, you need to […]

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Where to invest money after Demonetization?

November 27, 2016, 1:58 am

≫ Next: 5 Best Pharma Stocks for long term investment

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Demonetization is indeed a very good step towards eradicating black money and it will surely give good benefits in future. However, as a side effect, few investment options will be affected adversely. After demonetization of old Rs.500 and Rs.1000 notes, people are depositing money with banks. A heavy cash inflow in saving bank account will cause reduction in interest rates. SBI has already reduced fixed deposit interest rates for “Domestic Bulk Term Deposits”. What next? After reduction of fixed deposit […]

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5 Best Pharma Stocks for long term investment

November 29, 2016, 7:49 pm

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Investment in good pharma stocks will turn out to be a lottery to the investor. This crystal clear message was given by Rakesh Jhunjhunwala India’s warren buffet at the beginning of the current financial year. It seems Rakesh Jhunjhunwala was right. Best Pharma Stocks has given a magnificent return in last one year. Moreover, investment in good pharma compaines for long term always pays good returns to the investors. The pharma sector is performing well and it is expected that […]

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10 Best Cashless Payment methods

December 2, 2016, 9:29 am

≫ Next: Income Tax Search survey and raid – What to do?

≪ Previous: 5 Best Pharma Stocks for long term investment

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It’s time to go cashless. The purpose of demonetization is not only to remove black money but also to encourage cashless payment. Instead of breaking your heads by standing in ATM queue you should adopt a cashless method for the transaction. A cashless method is more transparent as every transaction can be traced easily as it leaves its footprints. Many smart people have adopted new cashless payment options. If you are wondering which cashless option, you should adopt here is […]

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Income Tax Search survey and raid – What to do?

December 4, 2016, 8:48 am

≫ Next: What is Virtual Credit Card and How does it work?

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Be Cautious and get ready for Income Tax search survey scrutiny or raid. In past few days if you have deposited a large amount of cash in your account, if you have done high-value transactions or if you have opened fixed deposit, a current account without PAN card, earned capital gain via penny stocks, taken bogus loan entry or donation than you are under scanner of Income tax department. You are likely to get Income tax notice and in case […]

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What is Virtual Credit Card and How does it work?

December 7, 2016, 7:41 am

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What is Virtual Credit Card (VCC)? How virtual credit card help cashless transaction? With demonetization of Rs 500 and Rs 1000 notes, we are moving towards a cashless economy. It is claimed that cashless transactions are increasing in India. An increase in cashless transactions means an increase in the cybercrime and hacking attempt. A virtual Credit card is a secure cashless option that can protect you largely against hacking attempts or frauds. So, what is Virtual Credit Card? What are […]

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17 Top Best stocks for 2017 recommended by stock experts

December 10, 2016, 1:20 am

≫ Next: Wealth Creator stocks by Raamdeo Agrawal

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CNBC TV 18 has arranged a special show ‘Super17’ to find out potential multibagger  best stocks for 2017. Four well-known stock market experts SP Tulsian, Prakash Diwan, Dipan Mehta and Daljeet Singh Kohli chaired the show and recommended super 17 stocks for investment in 2017. They have given assurance that the recommended stocks will deliver very good returns to the investors. 2016 was an average year for the investor. Sensex was able to generate only 5% return to the investor. […]

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Wealth Creator stocks by Raamdeo Agrawal

December 12, 2016, 3:54 am

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Raamdeo Agrawal, joint managing director of leading brokerage firm Motilal Oswal (MOSL) is back with the 21st wealth creation study report (2011-2016). This wealth creation study report gives information about top wealth creator and wealth destroyer stocks of last ten years. In all past 20 wealth creation studies, Raamdeo Agrawal has focused on what to buy? However, in 21st wealth creation report, he is also sharing information about how much to buy? Learning from the wealth creation report of Raamdeo […]

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Top 5 Multibagger Stocks for 2017

December 14, 2016, 7:07 am

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2016 was a tough year for the stock market. In January 2016, Sensex started its journey from 216160 level and expected to end at the similar levels. It was a difficult task to make returns from the stock market this year. Only a few stocks were able to generate a good return in 2016. The major events that affected stock market in the year 2016 were Brexit, US election, and demonetization. Soon we will be entering into New Year 2017. […]

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Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS) 2016

December 17, 2016, 8:33 am

≫ Next: 6 Attractive Business Loans for Women Entrepreneurs

≪ Previous: Top 5 Multibagger Stocks for 2017

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The Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS) 2016 along with new income tax amendment is notified on 17th December, 2016. A Pradhan Mantri Garib Kalyan Deposit Scheme (PMGKDS) is second income declaration scheme. You can declare your unaccounted income under this scheme from 17th December 2016 to 31st March, 2017. The government has kept a longer period for this scheme because the government wants a voluntary declaration of black money by maximum people. Let’s take a look at key […]

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6 Attractive Business Loans for Women Entrepreneurs

December 19, 2016, 6:49 am

≫ Next: State Bank MobiCash Mobile Wallet – Review

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Business Loans – Gone are the days where women roles were limited to the home. Now a day you will find women competing with men in every sphere of life including entrepreneurship. The biggest challenge for women entrepreneur is to source the fund for business. However, there are many financial institutions and a bank that support women entrepreneurs by providing a business loan at concessional rates. If you are women entrepreneur and looking for a business loan here are 6 […]

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State Bank MobiCash Mobile Wallet – Review

December 21, 2016, 6:03 am

≫ Next: Income Tax Non-filers Monitoring System (NMS)

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State Bank MobiCash is a prepaid mobile wallet launched by State Bank of India in association with BSNL. SBI MobiCash wallet will help you to avail cashless services like deposit and withdrawal of money, money transfer, mobile recharge, utility bill payment etc. The bill payment and recharge facility are currently limited to BSNL only. SBI MobiCash is a unique wallet that works for a smart phone as well as for basic mobile. Let’s review SBI MobiCash and its usage. State […]

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Income Tax Non-filers Monitoring System (NMS)

December 23, 2016, 8:26 am

≫ Next: 5 Best penny stocks of 2016 – Up to 300% return

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Non-filers Monitoring System (NMS) – Beware! If you have not filed income tax return and deposited old high denomination notes in your account above the threshold limit. Get ready to hear from Income tax department. Income Tax department has started issuing non-compliance notice under non-filers monitoring system.Non-filers monitoring system is introduced by income tax department to find out potential tax evaders. If you have done any high-value transactions and not filed your income tax return or not paid income tax […]

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5 Best penny stocks of 2016 – Up to 300% return

December 28, 2016, 2:53 am

≫ Next: BHIM Aadhaar based Mobile App Features and Benefits

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Do you want to spend a penny and become wealthy? If yes penny stocks can help you. What are penny stocks? How can it make you wealthy? Well, before answering these question let’s take a quick look at the performance of the stock market in 2016. The year 2016 was an average year for the stock market. Sensex was able to generate only 6% return in 2016. Many stocks are trading in a red zone. However, few penny stocks have […]

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BHIM Aadhaar based Mobile App Features and Benefits

December 30, 2016, 8:17 pm

≫ Next: Porinju Veliyath Stock Recommendation for 2017

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An honorable Prime Minister Shri Narendra Modi has launched BHIM (Bharat Interface for Money) Aaadhaar based mobile payment app on 30th Dec, 2016. BHIM app will enable fast, secure and reliable cashless transaction through a mobile app. BHIM is developed by NPCI (National Payment Corporation of India). This app is launched to encourage cashless transaction across India. You can send and receive money by using this app instantly. The money gets credited directly to your account via a secure channel […]

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Porinju Veliyath Stock Recommendation for 2017

January 1, 2017, 3:23 am

≫ Next: 10 Money Mantras for 2017

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Ace Investor Porinju Veliyath believes that the year 2017 will be a promising year for the stock market. The key theme of the year 2017 according to porinju will be infrastructure, goods and service tax (GST) & demonetization impact. The MD & Portfolio Manager of Equity Intelligence India Porinju Veliyath is bullish on the effect of cash ban. As per him, Nifty50 will see a reasonable level in the year 2017 and investor should by selected stocks on dips. In […]

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10 Money Mantras for 2017

January 2, 2017, 9:12 am

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Money isn’t everything but everything needs money. With a lot of aspiration and hopes, we have entered in 2017. You must be looking for good Money Mantras to elevate your financial life. I am here with 10 Money Mantras for 2017. I am sure that these money mantras will defiantly improve your financial life in 2017. 10 Money Mantras for 2017 1. I will prefer cashless transactions The first money mantra for 2017 is adopting cashless transactions. You should adopt […]

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20 Profitable Small Business Industries Ideas

January 4, 2017, 8:27 am

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A simple reason for starting a business is to earn the profit. So, which are the best profitable small business industries in India? What makes business ideas profitable? These are some common queries bugging up every aspiring businessman. So, let’s try to get answers to these queries. Some of the most profitable small business industries are real estate, food processing, clothes, chemical, and agrochemical. Apart from this household based customized products are also in high demand. If you have capital […]

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Top Stocks of successful investors in India

January 8, 2017, 6:15 am

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Rakesh Jhunjhunwala, Vijay Kedia, and Porinju Veliyath are few successful investors of the stock market. What makes them successful investors?  Where they invest their money? How successful investors make money from the stock market?  These are some common questions which we keep on hearing almost every day. Most of the time we don’t have answers to these questions. In this post, I will try answer these questions. How to become a successful investors in the stock market? Although the sure-shot […]

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How NRI can transfer money abroad from property sale?

January 10, 2017, 10:32 pm

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NRI selling property in India can legally repatriate money abroad. However, it is generally seen that NRI transfer money obtained from property sell via private money transfer method or unauthorized channel. This may be due to lack of knowledge or ignorance. The private money transfer method used for transferring money earned from property sell is illegal. In this post, I will explain the rules applicable to the repatriation of a fund by NRI post property sale. How NRI can transfer […]

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