Day: December 19, 2018

Here are some benefits of filing ITR

Easy Processing of Loans – Filing income tax returns creates a financial background by creating a financial credibility of the assessee which in turn is very helpful for easy processing of loans from the banks. Foreign Travel – Visa procurement for foreign travel needs proof of income tax returns. Carry forward of losses – Some …

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Recurring Deposits vs Fixed Deposits

Source: HDFC Bank What is the main difference between a Recurring Deposit and Fixed Deposit? A Recurring Deposit is an investment that requires you to invest a small amount of money each month. The deposit earns interest, and you receive the principal and interest at the end of the term. A Fixed Deposit is a type …

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Safe Internet Banking Tips

Source: HDFC Bank Whether it is bill payments, funds transfer or creation of a fixed deposit, internet banking allows you to do it in a fast and convenient way. Instead of going to the bank and waiting in an unending queue, internet banking has made all banking functions accessible through a few clicks. However, this …

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Balance Sheet

Balance Sheet is the financial statement of a company which includes assets, liabilities, equity capital, total debt, etc. at a point in time. Balance sheet includes assets on one side, and liabilities on the other. For the balance sheet to reflect the true picture, both heads (liabilities & assets) should tally (Assets = Liabilities + …

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