News Bites

Your one stop for bite sized updates from the world of finance. Know all about the latest financial news and developments in the country. Read about the Indian Economy, Taxation Reforms, Mutual Funds, India’s first Gold Exchange and more.

What To Do When You Receive An Income Tax Notice

Receiving a notice from the Income Tax Department can make you feel anxious and paranoid. The IT department sends out a notice for many reasons, but if you are clean with nothing to hide, you don’t need to worry! If you receive a notice from the IT department for any reason, stay calm. And then follow these list of instructions on how you must deal with the notice.

Category: Tax

Advice for Successful Tax Savings

If you are the new kid on the block when it comes to taxes or if you are unsure about how to invest wisely to save tax, read on to learn about the best tax saving investment options. We’ll help you choose. If you’re looking for safe investment options or if you are game for investments with a little risk factor, we’ll tell you about them all.

Category: Tax

How To Identify A Fake Currency Note

Have you ever handed a currency note to a shopkeeper or a cabbie and they have returned it to you saying that it’s a fake note? If yes, how do you tell the difference? While you might think that checking for the authenticity of the note is not obligatory, lots of fake currency notes are circulated in the market and verifying if the note is real or fake is important.

Tips To Use Your Credit Card Wisely

Would you classify yourself as a smart Credit Card user? Or you aren’t sure whether you use your card wisely or not? Well, in that case, our tips to use your Credit Card wisely will certainly help you. How, you ask? The optimum use of Credit Cards will boost your Credit Score. And, as we all know, a good Credit Score is what everyone wants, right?

What’s The Safer Bet?

If you had to choose between a resale or under-construction flat, you may not always be sure as to which one’s a safer bet between the two; and that’s where a little bit of detailed information would help you make a wiser decision. This article would help you understand the nuances of both and make a well-informed choice while buying the house of your dreams!

Are Investment Linked Insurance Products Any Good?

Wondering if an investment-linked insurance product is a good option for an investor? The argument against hybrid insurance products is that they fail in both, generating better returns and offering adequate insurance cover. Another argument against these plans is that they are very expensive. The only thing that works in favour of investment-linked insurance products is convenience. They offer three benefits: insurance, investment and tax-saving.

The Next In-Thing: SMS Banking

Mobile phones have become a quintessential part of our lives and it’s difficult to imagine having to live without them. Everything seems to be available at a click and right on our fingertips. Moving ahead in this direction, even banking services can now be accessed easily through our phones, courtesy SMS banking. You don’t need internet access or a smartphone to have banking services at your fingertips.

What To Do When You Get Fake Notes From An ATM

Have you ever been in a situation where a vendor rejected a currency note that you handed over, claiming it to be fake? If yes, were you aware of what action needs to be taken? If not, here’s some help with what you must do if you are ever caught in a situation like this. These are the steps you must follow if the ATM disburses fake notes.