Few Things To Know About Financial Year End

What is financial year end? In India, the government’s financial year runs from 1 April to 31 March. It is abbreviated as FY17. Companies following the Indian Depositary Receipt (IDR) are given freedom to choose their financial year. For example, Standard Charterer’s IDR follows the UK calendar despite being listed in India. Companies following Indian fiscal year get to know their economical health on 31 March of every Indian financial or fiscal year. The current fiscal year was adopted by the colonial British government in 1867 to align India’s financial year with that of the British Empire. Prior to 1867, India followed a fiscal year that ran from 1 May to 30 April. A fiscal year (or financial year, or sometimes budget year) is the period used by governments for accounting an...

This Holi, Add Right Colours To Your Wealth!

This Holi, Add Right Colours To Your Wealth And here comes the most awaited day of the year. It’s Holi! So, what plans do you have for celebrating this festival of colours? Are you ready with the set of different colours, sweets and other things that you would require to play Holi safely? Of course, you would be, as you waited for a complete year to celebrate this day. Holi is considered the festival that brings colours to the life. But do you know you can add those brightening and lovely colours to your investments as well? Let’s have a look which colours you can add to your .This Holi, don’t just add colour to your life. Take a step ahead and add some vibrant colours to your financial portfolio. Similarly, if we want our investment portfolio to paint a happy picture, we must give it a go...

Is Real Estate Really an Investment?

Shrewd as it sounds, the most popular form of allocating your life savings and into your dream home or a piece of residential land wouldn’t really be regarded as an investment by canny investors. If only did real estate investments come with nutrition facts like the ones you would find on your cereal box would you know that giving away your money for a fancy roof over your head could leave you without a ground beneath your feet. Do your research boy! And while you’re at it here’s my two cents. Real estate is the most secure form of investment, and Real estate generates multifold returns without any effort. Really? Hmm, let’s take a look at those nutrition facts now, shall we? Debt incurred on acquisition must top this list as most of the population in general acquire these chunks of land a...

The Tax Implications of Changing/Leaving from a Venture

In the event that the financial specialist is exchanging or offering the property, inside three years of the investment, it would be considered as a short term capital increase.

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