Buying your first home is a significant milestone. For many, it represents the culmination of years of hard work and careful planning. However, turning this dream into reality requires more than just enthusiasm—it demands financial discipline, diligence, and a clear understanding of the home-buying process. Since most First Time Home Buyers purchase a home onlyRead More
Financial Planning
Financial Planning for Merchant Navy Sailors
Last week we wrote on the taxation aspect of the Merchant Navy & Seafarers community. The response had one thing in common – how can the process of investment start? Well, like other investors it starts with something called – Financial Planning. So this time let us cover the important topic – Financial Planning forRead More
Union Budget 2025 Impact on Tax & Investments
The Union Budget 2025 unveiled on 1 February 2025 has been responsive, and rightly so. As the Finance Minister stated, it is on the path to accelerating growth and boosting middle-class consumption through lower tax rates. There are many key provisions which will impact the way we pay tax, save money & invest it. HereRead More
How an Incapacitated Can Access Mutual Funds & Demat
In an unfortunate turn of events, an accident may make a person incapacitated and he may not be in a position to sign or make himself available to withdraw his investments. This money may be required for further treatment or some family needs. SEBI, on Jan 10, 2025, came up with the answer and ProcessRead More
Successive Nomination & Simultaneous Nomination
The Indian Parliament recently passed the Banking Laws (Amendment) Bill, 2024, marking a significant overhaul of the country’s banking regulations. This bill was introduced on August 9, 2024, and passed by the Lok Sabha on December 3, 2024. Now it will be an ACT when the president signs it. Key Changes Proposed – Definition ofRead More
Taxability of NRI Rent Income
NRIs have properties in India. These properties are either inherited or self-acquired. They buy houses for investment purposes or for self-occupancy when they are in India. Most NRI rent the property but what about Rent Income? What will be the Taxation of NRI Rent Income? Let’s check this today… When an NRI is abroad heRead More