With a total market capitalisation of more than $900 billion, the cryptocurrency space has attracted the attention of several investors, including those seeking quick cash with few regulations. ICOs are a highly popular method of raising money in this space.Investors are drawn to ICOs for their dream of grabbing an early to successful crypto. As of April 2018, ICOs raised a whopping USD 5,014,952,132. Here’s more about ICO.What is an ICO?An ICO or initial coin offering is an event where an organisation sells new crypto to raise money. In exchange for their financial contributions, investors receive cryptocurrency. In several ways, an ICO is the crypto version of an IPO (initial public offering) in the stock market.Working of an ICOWhen an organisation decides to launch an ICO, it declares the rules, date, and purchase procedure in advance.

What is an India ETF?India Equity-Traded Funds (ETFs) track assets listed on Indian stock exchanges, with the National Stock Exchange (NSE) being the most prominent. The NSE offers links to India’s most widely traded stocks, and various indexes, such as NIFTY 50. These ETFs can follow global indexes, sectors, or market caps, which provide investors with broader exposure to India’s growing economy.Breakdown of India ETFIndia's economy is growing at a pace faster than most other countries, so ETFs are an attractive investment here. The information technology, finance, and healthcare sectors are the major growth areas. The government's digitization initiatives will also boost the technology sector.

IntroductionAn upgrade is a positive change in a security's rating. An upgrade is usually triggered by a steady improvement in the fundamentals and financials of the entity that has issued the security. Upgrades to the credit rating of corporate issuers of debt securities are issued by rating agencies, such as Standard & Poor's. Upgrades to investment ratings for stocks and fixed-income securities are issued by equity and bond analysts respectively at brokerage houses. Understanding UpgradeIn the context of portfolio management, the term 'upgrade' also refers to a strategy whereby the risk profile and quality of the portfolio are improved by including blue-chips in it while eliminating speculative stocks.A rating agency may upgrade the credit rating of an issuer from AA+ to AAA. Such a move would have a positive effect on all outstanding bonds and other fixed-income instruments of the issuer.

Section 44AE of the Income Tax Act deals with the Presumptive Taxation Scheme for transporters. If you are a small taxpayer who is engaged in the business of transportation, you can avoid the tedious process of keeping records regularly. Instead, you can opt for a Presumptive Taxation Scheme to calculate your income at a prescribed rate.Here's more on the Presumptive Taxation Scheme!Which Businesses are Eligible for Presumptive Taxation Scheme under Section 44AE?If you are engaged in businesses related to leasing, plying, or hiring goods carriages, you can opt for the Presumptive Taxation Scheme. However, you must own less than ten goods-carrying vehicles within any period during the previous FY to avail of this scheme. Thus, business people engaged in passenger transport with or have more than ten vehicles at any time within the last financial year will not be eligible for this scheme.For instance, let’s say that Mr Anand owned eight goods vehicles during the financial year 2023-2024 and is engaged in the leasing goods carriages business.

Companies often provide bonuses to their employees to appraise their performance in a financial year. This is because your performance helps in increasing the profitability of the company. However, you need to pay an income tax on the bonus depending on the amount of bonus earned.Now you may ask why you need to pay tax against your additional income. So, this article will answer your doubts regarding the taxability of bonuses.When is the Bonus Taxed?The bonus that you receive from your employer is considered as Income under the head Salary, and tax on such bonus is applicable for the same financial year when your employer declares it. Even if you receive the amount in the next year, you are liable to pay the tax for the financial year it has been declared.  Let’s assume your employer declares an employee bonus of Rs 25,000 on March 15, 2024.

The use of online transactions are increasing daily among every individual and business. But the security issue related to online payment persists as we hear about frauds and scams almost daily. To strengthen the security of your transactions, mobile banking apps and UPI platforms have started asking for MPIN for verification. It is a unique passcode you must enter to authenticate your identity before proceeding with any transaction.Go through this article to know more about MPIN and its relevant details.What is an MPIN Number?The full form of MPIN is Mobile Personal Identification Number. It is a 4 or 6-digit code you must enter on payment or banking apps before making a transaction. It acts as an authentication process during payments. With the help of MPIN, you do not have to remember details like bank account number, IFSC code or other personal information for verification during transactions.

You may have encountered the term FMV or Fair Market Value while purchasing or selling assets like a house, vehicle or shares. As its name suggests, this value is determined fairly by the consensus of both buyers and sellers in the market.Learn more about its meaning, calculation procedure, valuation methods and examples.What is Fair Market Value?Fair Market Value or FMV refers to the price set for selling or purchasing an asset in the open market. Financial institutions like NBFCs and Government organisations use Fair Market Value while assessing the valuation of collateralised or taxed assets.Several conditions need to be fulfilled to determine an asset's FMV. Buyers and sellers must have full knowledge of an asset before participating in a transaction. Their decision should not be influenced by time or any other external factors.

Whether you are changing city and are planning to buy a second home in the new city through a loan? Then you should not miss this article while planning to borrow a home loan for your second home, where you will get a clear idea of the tax benefits of a second home loan. According to Section 80C and Section 24 of the Income Tax Act, you can avail of tax benefits on home loan repayments. However, if you are planning to rent one of the properties, there can be some differences in tax benefit rules. Read on for a detailed overview of the tax deduction rules on a second home loan.Budget 2023 Update on Interest Deduction on Home Loan under New RegimeIf you are opting for a new tax regime and also getting a second home loan where you are purchasing it to keep it for self-occupation, then no benefit will be available to you under Section 24(b) for interest deduction or for principal repayment u/s 80C. However, no restriction for interest deduction u/s 24(b) will be applicable in case you are purchasing a property as an investment for letting it out.Tax Benefit on a Second Home LoanIf you are applying for a home loan to purchase a new home, you must know the ways to avail tax benefits on the second home loan. Under Section 80C of the Income Tax Act, borrowers can avail tax deductions on the principal amount. Whereas under Section 24(b) you can claim the interest expenses on your home loan as a deduction. Taxation rules for a second home loan depend on the purpose of your purchase. So, here's how you can claim tax benefits as per the usage of your second home:When one of your houses is on rentThe income you generate by renting your house is taxable according to the Income Tax Act.

30 is the age when things start to change in your life, and for most of us, it’s a watershed moment. It is said that it is never too late to fulfil your dreams, and there is no better time than now to begin…but the problem with most of our mindsets is that we believe we have plenty of time and can achieve our financial goals at any age. That is why most of us spend far too much time on the urgent and far too little time on the important.It’s critical to begin saving for your future at the appropriate age. So, are you a 30-year-old who has no idea where to begin when it comes to saving for your future? There’s no need to be concerned; simply follow these financial guidelines before turning 30 to ensure a stable future. 1. Start saving earlyRemember that a target without a strategy is nothing more than a wish.

Travelling in India is fantastic because you can travel as cheaply or as lavishly as your budget requires. However, if money is a problem, consider these helpful hints for trimming your budget and tailoring it to your needs. Discover how to save money when travelling in India. 1. Travel during the off-season In India, the off-season is technically the on-season. You can rest assured that if you book when the herd is not on its way to India, you can save a lot of money.