In finance, accounting forms the backbone of all business operations. Whether managing a small business, studying finance, or handling corporate accounts, understanding the golden rules of accounting is crucial. These rules are the cornerstone of double-entry bookkeeping, helping ensure that every financial transaction is recorded accurately and consistently. What Are the Golden Rules of Accounting? […]
All About OD Against FD: Terms, Interest Rates, and Eligibility
Introduction: Understanding OD Against FD When it comes to managing liquidity, many investors look for options that provide easy access to funds without breaking their long-term investments. One such option is “OD against FD” or Overdraft against Fixed Deposit. This facility allows investors to withdraw a certain amount against their fixed deposits without liquidating them. […]
Guide on Section 194 of Income Tax Act: TDS on Payment of Dividend
Under Section 194 of Income Tax Act, TDS is applicable when payment is made to the payee or credited to their account.
Closing Cosmos Bank Fixed Deposit Online
Learn to initiate the Cosmos Bank online closure process of Fixed Deposit and how the FD amount gets credited to your linked account.
Understanding NBFCs: What They Are and How They Differ from Banks
A Non-Banking Financial Company (NBFC) is a financial institution that provides services similar to those of banks but does not hold a banking license. In India, NBFCs play a vital role in the economic system by offering various financial services like loans, credit facilities, leasing, asset management, etc. However, unlike banks, they do not have […]
Understanding How Collateralized Debt Obligation Works
Learn how collateralized debt obligations (CDOs) work, their structure, the functioning of tranches, and their economic implications.
Unified Pension Scheme (UPS): A New Era in Retirement Security
The Indian government has introduced the Unified Pension Scheme (UPS), which aims to blend the strengths of the Old Pension Scheme (OPS) and the New Pension Scheme (NPS). UPS promises to provide a fixed, guaranteed pension-like OPS while incorporating market-linked returns similar to NPS, thus offering retirees a secure yet growth-oriented financial plan. What is […]
Tapping into Section 57 of the Income Tax Act, 1961: A Manual to Tax Efficiency
Understand deductions under Section 57 of Income Tax Act, including those for dividends, interest on securities and employee contributions to welfare schemes.
Trading on Equity: Understanding the Financial Leverage Tool
Trading on equity is a financial strategy that involves using borrowed funds or debt to amplify the potential return on equity. This technique is often employed by companies to increase their earnings per share (EPS) for shareholders by capitalizing on the benefits of debt, especially when it is cheaper than equity. In simple terms, trading […]
How CRISIL Mutual Fund Ranking Helps You Choose the Best Funds
Investing in mutual funds is a popular choice for those looking to build wealth, but with thousands of funds, it can be overwhelming for investors to decide which ones to pick. This is where CRISIL mutual fund rankings come into play. In this guide, we’ll dive into CRISIL mutual fund rankings, how they work, and […]