Author Archive

  • Basic Principles of Business Ventures>
    Basic Principles of Business Ventures
      Business may vary, but the basic principles, parameters; dynamics remain the same for all business ventures and the sole purpose being to generate profits. Every business starts with an idea, an opportunity is identified, and the process of implementing the same is initiated, however every business venture needs a market survey which determines the consumers wants and attitudes, response to proposed pricing strategies, competitors alternative offerings and state of the macro economy. The Unique selling proposition or USP, of any business is being cheaper and viable than anyone else; offer better after sales service, a brand name that brings status to the promoter and making use of latest technology. The financing of any business involves either the savings of the promoter, or personal  [...]
    at September 11th, 2013 at 12:09 am
  • The Condition of Real Estate in Present Times>
    The Condition of Real Estate in Present Times
      Lately there has been a sharp correction and a slowdown in the real estate segment all over the country due unhealthy economic climate, recession, impending elections, depreciating rupee against US dollars, slowing economy, and this slow down is most likely to continue till the economy is revived and a new government is in place. This situation can be beneficial for non resident Indians who may take advantage of weak rupee and invest in real estate which in due course of time may appreciate and bring them huge gains. It is also an opportunity for genuine buyers now, who earlier could not even think of buying real estate due to high prices, high demand and it was purely a seller’s market but lately the slowdown in the real estate has changed the dynamics of the real industry and buyers  [...]
    at August 26th, 2013 at 03:08 am
  • A Discussion on the Working of Net Banking>
    A Discussion on the Working of Net Banking
    Net banking has made our banking very much easier and simpler now one can bank from home or office. Net banking lets you access your account on the internet for transaction inquiry, mutual funds, investments, fixed deposits, bill payments, cash and draft delivery and pick up and many other features. Here is the outcome of a discussion held recently to get to know more about net banking. To access Net Banking you need a user –id and a password which can be generated on line.  The one time pass word (OTP) registration service is an enhanced security feature that enables high value transactions and an array of other services in Net banking. To keep you up-to date on your account activity, the banks send you alerts on your mobile or email id, informing you about all your net banking transactions. With  [...]
    at July 10th, 2013 at 04:07 am
  • Know About the Cash On EMI Facility>
    Know About the Cash On EMI Facility
      You may have a sound financial background and credibility and high credit ratings, but at times when you are faced with a financial problem, and loans are scarce and difficult to arrange, you have the option to take advantage of CASH ON EMI facility on your credit card. The Cash on EMI, allows the credit card holder to take a cash advance on his credit card and repay the same in equated monthly installments, and the bank will charge interest for the same. However under this scheme, the funds can only be used for your personal use and cannot be utilized for any investment purposes, or in equity shares, debentures, convertible bonds or units. The Cash on EMI facility is available for specified period of time according to the terms and conditions and the same facility can be discontinued  [...]
    at June 25th, 2013 at 12:06 am
  • Tax Structure in Real Estate>
    Tax Structure in Real Estate
    Real estate is booming and with rising prices it is one of the most viable investment options and brings in appreciation and gains at any given point; however real estate is burdened with heavy taxes which impact the buyer as well as the seller of the property. Let us analyze the tax structure related to real- estate. Stamp duty tax is imposed in the sale agreement to give a legal status to the transaction, and in case the property is not duly registered and stamp duty not paid, in case of a legal litigation the transaction is not admissible in the court of law and the courts will be disinclined to entertain your case. Stamp duty is payable on the agreement value, which differs in different states. To conserve and maintain the records of the property, it has to be duly registered by the registering  [...]
    at June 11th, 2013 at 01:06 am
  • Know About Savings Bank Accounts>
    Know About Savings Bank Accounts
      Savings are your hard earned earnings which you keep secure in your savings account and withdraw from time to time according to your needs. When you open and operate a savings account in any of the banks it is imperative to be well versed with the terms and conditions applicable to the savings accounts. You must keep a check on the number of transactions, cash withdrawals etc can be done free of charge within a given period and ensure that you follow the same else bank charges will be levied on the same. Check out in detail all the bank charges applicable to a savings account. Check out the rate at which interest is paid on your savings deposits, and how it is calculated and its periodicity. The minimum balance must be maintained at all times, and this differs from bank to bank, and  [...]
    at May 30th, 2013 at 12:05 am
  • Legal Methods To Evade Tax>
    Legal Methods To Evade Tax
    Evading taxes is a crime, but avoiding and saving taxes is right of every law abiding citizen and there are many strategies structured to save your taxes and bring down your tax liabilities. Some of the methods one can opt for saving taxes are- 1. Tax laws permit investors to adjust the cost of the asset to inflation during the holding period, and with inflation has been the cause of worry for most of us, the tax payer can take advantage of the indexation and reduce their tax bills, however not all investments are covered under this item and only certain capital assets, debt funds, gold ETFs are eligible for deduction. 2. If you gift money to your wife, and the same is invested in her name, the tax laws will club her income with yours and the advantage is that the clubbing takes place at the  [...]
    at May 10th, 2013 at 12:05 am
  • Importance and ways of saving money>
    Importance and ways of saving money
    Saving money is very essential for everybody for crisis management as well as for post retirement.  Saving can be done in different ways at different ages. Develop the habit of savings right from your first earned income and continue the saving, which will help you as you keep growing older.  Every person has his own way of earning, either in form of business or through salary if one is doing a job.  One has to plan his household expenses as per his income and prepare a budget and also plan savings for secured future. One may have some money left every month or every few months after contributing to the household and other needs.  This money can be saved meaningfully for future needs.  Everybody has a bank account.  After contributing to the family, you may have surplus money left.   [...]
    at April 24th, 2013 at 12:04 am
  • News about the Indian Budget 2013-14>
    News about the Indian Budget 2013-14
    The budget presented by the finance minister P C Chidambaram was an event which may bring reforms and give a momentum to the failing growth of the Indian economy. It may be considered as the populist budget and focus seems to be laying a red carpet for the investors who are shy and reluctant to invest in the country where Red tapism and corruption is rampant and has triggered a wave of discontent and disappointment among the common men. The budget focuses on the pushing investments particularly in the infrastructure sector, but on the inflation factor the budget failed to provide relief to the common man, whose survival has become a nightmare due to rising prices. Over a period of time the budget has lost its importance and is just a window dressing to appease the public and win elections   [...]
    at April 9th, 2013 at 01:04 am
  • Journal Entry to Final Balance Sheet>
    Journal Entry to Final Balance Sheet
    Even through the entire accounting system is now totally IT based, the basics followed are the same.  Many accounting packages have come out with sophisticated features to manage the entire financial accounts of a company.  Accounting packages like Tally, or any other software is designed with basic accounting principles of debit and credit, journal entry, ledger posting, and final profit and loss account and balance sheet. Financial accounting and other finance details start with the initial journal entries which follow the common rule of debit and credit where receiver account is debited and outgoing account is credited.  For example if you make a credit purchase from a trader, the purchase account is debited and the party’s account is credited.  After purchase, the process of production  [...]
    at March 12th, 2013 at 12:03 am