A Few Effective Tips to Become A Successful Businessman

Many people are aware that how to become a successful businessman is an individual’s personal journey. It may not seem easy but it is not as difficult as it sounds. There are many success stories of successful businessmen but how they became what they are now? They had to start from somewhere and find their own way towards success. Good business plan: The first life hack that you need to do is to have a good business plan. You can actually create your own business plan or hire someone to…

Power of Astrology in bringing Financial Freedom & Abundance of Wealth

As all people have known that finance and wealth is one of the most important aspects of each and every person’s life because it is said that finance is life bringing component of this whole society and due to this reason you can easily understand that why finance is this much important for each and every person. And due to this reason each and every person wants to earn more and more wealth. But, each and every person is not able to earn wealth, and the reasons behind this can…

What is a Business Credit Score and Why Does It Matter?

What is a Business Credit Score and Why Does It Matter? A business credit score is a number that indicates your financial rapport in the market. It explains your creditworthiness in the business, your financial habits in regards to payment of dues, and how you manage your finances. It also indicates if your company is eligible to avail credit from lenders. Credit information companies like CreditQ generates your business credit score and company credit information report based on several factors, including your payment history, credit utilization rate, etc.  It’s recommended…

Process of Income Tax Refund Verification

Income TAX

According to a report presented by The Economic Times, around 5.5 crore Income tax refunds were filed in the financial year 2018-19. As per the same source, the number of individuals who filed ITR grew by 62% in 16 years between the fiscal year 2003 to 2019. Consequently, the evident increase in the number of returns shows the awareness amongst Indian residents regarding the essence of return filing. It is vital to file ITR so that one can acquire the applicable tax benefits. And it is as much important to…

What are the requirements for creating a GRC plan for your organization?

Requirements for creating a GRC plan for your business

Risk management has advanced a lot in the 21st century. In the past, we all associated it with buying the insurance, and that was it, but now businesses are starting to focus more on their internal risks. Today, we’re seeing regulations being put in place that forces certain businesses into compliance. These are an effort to eliminate scandals and protect investors. The line between risk management and compliance has become quite blurry since it has become a legal requirement. However, think of it like this. When you are failing to…

KYC: How it Helps Financial Institutions to Knowing their Customer?

KYC

The Reserve Bank of India made it mandatory for all the financial institutions to implement KYC (Know Your Customer) in 2002, and it came into force on 1st July 2005. RBI issued this guideline through the section 35A of Banking Regulations Act, 1949. The objective behind this KYC implementation was to restrict money laundering and stop banking frauds. Thus, in order to eliminate this problem, awareness about what is KYC needs to be generated to keep customers safe and secure. KYC: What is it? KYC or Know Your Customer is a process…

Choosing the Best SDP to Invest Online in 2020

moneymanagement

The year 2020 has started with uncertainty about various geopolitical and economic indicators. While unpredictability is the name of investing, there are few sure-shot practices you should adopt right away to get a hold over your finances for 2020 and beyond. Learn about various new financial products and consider fixed deposits an intrinsic part of your investment. Choosing the right fixed deposit can bring a sea change in your returns. You can choose assured returns with a high-paying fixed deposit. Company fixed deposits are paying 1-2% higher than bank FDs.…

Low Risks and High Returns investment schemes in India

Steady returns and low risks are two of the most common factors which investors consider before choosing an investment option. Since no investor wishes to put his/her investment at risk, consequently, they look for the safest options to invest in. Regardless, one should base their investment-related decisions entirely upon factors like their age, risk appetite, financial goals, and investment horizon. For instance, investors who are mostly risk-averse and are looking for a steady income mostly prefer fixed deposits in India, among other schemes. Likewise, the following highlights the most preferred…

New PAN and Aadhar Rules Announced in Union Budget 2019 by 2020

The Budget 2019 had the Finance Minister Nirmala Sitharaman announcing that PAN Card and Aadhaar Card will be made interchangeable soon. As per the new Income Tax rules, tax payers would now need either an Aadhaar Card or a PAN Card to file their Income Tax Returns (ITRs). Before this announcement came in the Budget 2019, you ought to have both Aadhaar Card and a PAN Card to file ITR.If you wish to know a few of the vital Budget 2019 announcements that would lead to new PAN and Aadhaar…