Author: Shehnaz Beig
Shehnaz Beig
Shehnaz Ali Siddiqui is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing around Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
Commodity trading is an exciting way to invest in raw materials like gold, silver, crude oil, and agricultural products. Just like stock market trading, commodity trading takes place on exchanges where buyers and sellers trade contracts based on future price movements. The best part? It’s completely online and can be done from the comfort of your home. If you’re looking to start trading commodities, the first step is to open a commodity trading account. Here’s a simple guide to help you understand the process and the benefits you get from it. What is Commodity Trading? Commodity trading involves buying and…
The Indian government’s Budget 2025 has introduced significant changes to the income tax filing process, aiming to simplify compliance and provide taxpayers with more flexibility. One of the key updates is the extension of the deadline for filing updated income tax returns (ITR-U) from two years to four years. This change offers individuals ample time to correct errors, report previously unclaimed income, and adhere to tax regulations. What is an Updated Income Tax Return (ITR-U)? An Updated Income Tax Return, commonly referred to as ITR-U, is a form that allows taxpayers to revise their previously filed income tax returns. If…
Starting a Systematic Investment Plan (SIP) in mutual funds is a great way to grow your wealth over time. However, choosing the right type of mutual fund—active or passive—can be confusing for many investors. Understanding these two categories is essential to align your investments with your financial goals. This guide breaks down the basic differences between active and passive funds in simple terms to help you make better investment decisions. What Are Active Mutual Funds? Active mutual funds are professionally managed by fund managers who actively decide which stocks, bonds, or other securities to buy and sell. The main goal…
From April 1, 2025, the government will introduce the Unified Pension Scheme (UPS) as part of the National Pension System (NPS). This new pension framework will provide central government employees an option to ensure a minimum guaranteed pension, addressing long-standing demands for better retirement security. This scheme, approved by the Union Cabinet in August 2024, will benefit around 23 lakh central employees. Here’s everything you need to know about its conditions, contributions, and eligibility. What is the Unified Pension Scheme? The Unified Pension Scheme is an extension of the NPS, designed to offer a guaranteed pension to central government employees.…
A 3-in-1 Demat account is a powerful tool that combines three essential financial accounts: Demat account, trading account, and savings account. It simplifies investing and trading processes by automating transactions across these accounts. Whether you’re a beginner or an experienced investor, understanding the features and benefits of this type of account is vital to managing your finances effectively. What is a 3-in-1 Demat Account? A 3-in-1 Demat account merges three critical functions: With this integration, the process becomes seamless. When you purchase stocks, the money from your savings account is automatically transferred to your trading account. Once the purchase is…
The income tax system in India offers two options: the old tax regime and the new tax regime. Both have their own tax slabs, rules, and benefits. Taxpayers can choose the regime best suited to their financial situation and needs. Here’s an easy guide to help you calculate your income tax under both systems. Understanding Tax Slabs New Tax Regime The new tax regime is designed to simplify taxation with lower tax rates but fewer exemptions and deductions. Key features include: Old Tax Regime The old tax regime offers various exemptions and deductions for those who plan their finances strategically.…
Paying taxes is a responsibility every income-earning individual or business has towards the government. But what happens if your tax liability is significant? That’s where advance tax comes in. Advance tax is a system where you pay your taxes in parts throughout the year rather than in a lump sum at the end of the financial year. Let’s break down everything you need to know about advance tax in simple terms. What Is Advance Tax? Advance tax is the income tax that you pay to the government before the financial year ends. Instead of waiting until the end of the…
Studying at the Indian Institute of Technology (IIT) is a dream for many students. Now, this dream comes with the opportunity to study abroad. IIT Abu Dhabi, under the guidance of IIT Delhi, has opened admissions for its second batch of undergraduate courses for the academic year 2025-26. This exciting opportunity not only offers world-class education but also the chance to experience life in a global hub like Abu Dhabi. If you are keen to combine an IIT education with international exposure, this could be your golden chance. IIT Abu Dhabi: A New Gateway for Global Education IIT Abu Dhabi…
Taxes are a fundamental part of any country’s economic structure, and India is no exception. As responsible citizens, paying taxes helps fund public services, infrastructure, education, healthcare, and defense. However, many people may wonder what happens if they fail to fulfill their tax obligations in India. Whether it’s deliberate tax evasion or an unintentional failure to pay, the consequences can be significant. Here’s an in-depth look at what happens if you live in India and do not pay your taxes. Understanding the Tax System in India The Indian tax system is divided into two major categories: direct taxes and indirect…
In an unusual incident in the Arai police station area of Kishangarh, Ajmer, Rajasthan, Rs.16 lakh was mistakenly credited to the account of a farmer named Kanaram Jat. The money, intended for New India Insurance Company as a crop insurance premium, was accidentally transferred to Kanaram’s account by the Bank of Baroda. When Kanaram discovered the unexpected amount in his account, he immediately withdrew Rs.15 lakh over three days and used it to repay his outstanding loans. Bank’s Mistake Leads to Chaos The bank realized the error only after more than a week, causing a panic among its staff. On…