Sujaini Biswas

Assistant Manager - Content

A manager by day and a sloth by night. I enjoy writing on topics like personal finance and investments. With 10 years of experience in fintech, creating content that resonates with readers is my forte. I enjoy reading and love my job and my team at ClearTax.

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The latest articles by Sujaini Biswas

Everything you need to know about FAANG Stocks
Updated on Feb 15th, 2024 | 9 min read

FAANG is a term used to describe the stocks of a group of successful US-based companies. FAANG stocks are said to be some of the highest-performing international stocks. This is an acronym for a group comprised of the five most successful American tech gainst with high-growth stocks. These stocks are popular not only within the United States but also internationally. FAANG stocksFAANG stands for Facebook, Amazon, Apple, Netflix, and Google. Coined by Jim Carter, a CNBC personality in 2013, FAANG stocks represent some of the most successful stocks in the share market with optimistic growth. Originally, the acronym was FANG, but later, Apple also joined this group, making it FAANG in 2017.Since these are shares of the most successful American tech giants, these companies have a market capitalisation of over USD 7 trillion (As of the first quarter of 2022). FAANG stocks chartHere is a list of the FAANG stocks with an estimation of their annualised returns and other factors:FAANG (MAANG)Market cap (In Us dollars)*Price-Earnings (P/E) ratio*Annualised returns (5 years)*AAPL (Apple)2.68 trillion28.833.90%AMZN (Amazon)1.06 trillion245.35.70%GOOGL (now Alphabet Class A)1.6 trillion23.916.1%META (Meta Platforms)610 billion29.46.70%NFLX (Netflix)143 billion34.60.6%*Disclaimer: All data are subject to change based on market transitionsFAANG stocks exampleFAANG is composed of the stocks of the biggest tech companies in the international market.

SBI Bank Balance Check Number - SBI Balance Check Number By SMS, Missed Call & Net Banking
Updated on Jan 23rd, 2024 | 9 min read

Gone are the days when you needed to stand in a long queue at the bank and wait for your turn for a balance enquiry. The State Bank of India has launched hassle-free digital banking facilities for quick and convenient operations for various functions. The SBI balance check facility allows you to get the latest update about your account balance promptly without visiting the bank branch.There are different ways to inquire about your SBI bank account balance. Read on to know more. Importance of SBI Balance EnquirySBI balance check provides you with real-time information about your bank account transactions. Some other benefits of account balance checks are: Helps to determine whether you have sufficient money for cheque payments, transfers, etc. You can keep track of any fraudulent debits or bad credits.

Offline UPI Payment: How To Do UPI Payment Without Internet?
Updated on Jan 16th, 2024 | 6 min read

Are you tired of getting stuck in the middle of an online transaction due to poor internet connectivity? Well, now you can simply use a USSD number and complete your transaction without an internet connection. You may effortlessly transfer and request money, change your UPI PIN, and check the amount of your account with this mobile banking service. To take advantage of these services anytime and anywhere, dial *99# on your mobile phone.Read on to understand more about how this offline UPI payment works and how you can set up transactions with this method.What is the offline UPI payment number?By using *99#, you can get access to UPI without the internet. The service is available nationwide, with the association of 83 leading banks and four telecom service providers. You can even choose the language you are comfortable with while using this service, as it is available in 13 different languages, including English and Hindi. National Payments Corporation of India (NPCI) started the service of *99# to process transactions of UPI across several banks in India. All you need to do is dial the USSD number on your registered mobile number, and you can transact the money with the help of an interactive menu available on the mobile screen. Presently, the upper limit of such transactions is Rs.5,000.

Section 44AE Of Income Tax Act - Example, Calculation & Applicability For AY 2024-25
Updated on Jan 3rd, 2024 | 5 min read

Section 44AE of the Income Tax Act deals with the Presumptive Taxation Scheme. Under this scheme, eligible businessmen can audit their accounts by maintaining a regular book of accounts. On the other hand, if you are a small taxpayer, you can avoid the tedious process of maintaining regular records. 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?If you are engaged in businesses related to leasing goods carriages, plying, or hiring, you can opt for the Presumptive Taxation Scheme. However, you should own less than ten goods-carrying vehicles within any period during the previous FY to avail this scheme.

Updated on Dec 18th, 2023 | 5 min read

When running a company or a business, the profit and loss of the business is something you need to have a close eye one. There are various factors that play a part in this profit and loss. One of the most important of these factors is an asset. Asset in simple terms is a resource that is bought mainly to increase the value of the company. However, the term goes much deeper and to understand how important of a role an asset plays in a business and the different types of assets that have their own individual importance, let us go through this term in a little more detail. What is an Asset? You must have heard the term asset or read about it quite often in a business news article; but what exactly does this term mean? An asset basically is a resource that comes with an economic value and is owned or controlled by an individual, corporation or country in hopes that it will prove some future benefit to the entity.

Updated on Dec 18th, 2023 | 2 min read

What is a Disposition? Disposition refers to the act of selling an asset or security or otherwise disposing. Mostly, disposition would mean to sell out an open market stock investment, such as a stock exchange. Certain forms of schemes could include donations to charities or trusts. Assets that can be disposed of can also be real estate (a building), land and other asset types. The other ways of disposal include transfers and assignments.

Corporate Tax
Updated on Dec 18th, 2023 | 2 min read

What is Corporate Tax? A corporate tax is a levy which the government imposes on the income of a company. The money collected from corporate taxes is used as the source of revenue for a country. Operating earnings of a company are determined by deducting costs from the cost of the product sold (COGS) and income depreciation. First, tax rates are applied to establish a legal duty the corporation owes to the government. Regulations relating to corporate taxes vary widely across the world, but they must be voted on and approved by the government of a country for enactment.

Updated on Dec 18th, 2023 | 5 min read

When reading finance-related news or going through a business magazine, you must have come across many commonly used financial terms that may not have made sense at first glance if you are not already familiar with them. One such word is leverage, which many companies often use in their day-to-day business activities. Although this leverage has many benefits for the companies, the term may sometimes get confusing if you are new to the business world, and thus it becomes important to understand it in a little more detail. So, let's go through the basics of leverage and understand its importance in running a business as well as in investing. What is Leverage? Leverage or financial leverage is basically an investment where borrowed money or debt is used to maximise the returns of an investment, acquire additional assets or raise funds for the company. Individuals or businesses create debt by borrowing money or capital from lenders and promising to pay this debt off with the added interest.

Annual Accounts
Updated on Dec 18th, 2023 | 2 min read

What is an Annual Account? Company accounts are a description of the financial performance of an organisation for 12 months. Every year, they are prepared for filing income tax returns and consist of a balance sheet, profit and loss statement, and cash flow statement. The Balance Sheet The balance sheet is a financial statement that will provide you with a snapshot of the assets, liabilities, and equity of the owners in your company at a specific time point. It is an indicator of the company’s financial health at the time it created accounts being a measure of what is owned and what is owed. Profit and Loss Statement The report of profit and loss varies from the balance sheet because it tracks results over some time, rather than just a snapshot. You can see the net income and overall cost of the company for the financial year in the profit and loss (P&L) statement. Calculating gross profit is relatively straight forward.

Scenario Analysis
Updated on Dec 18th, 2023 | 2 min read

What Is Scenario Analysis? Scenario analysis is the method of calculating the expected value of a portfolio after a given period of time, whether there are significant adjustments in the prices of the securities of the portfolio, or key factors, such as interest rate changes. How Scenario Analysis Works? Scenario analysis as a technique involves calculating various reinvestment levels for expected returns, which are reinvested within the investment horizon. Based on mathematical and statistical principles, the scenario analysis provides a process for estimating shifts in the portfolio value based on the occurrence of different situations, following the principles of "what if" analysis. These evaluations can be used to examine the amount of risk present in a given investment in relation to a variety of potential events, ranging from highly likely to highly unlikely. An investor can determine whether the level of risk present falls within his comfort zone, depending on the results of the analysis. Stress testing is one type of scenario analysis that specifically looks to worst-case scenarios. Stress testing is often used to test the resilience of institutions and investment portfolios against possible future critical situations using a computer simulation technique. The financial industry usually uses such testing to help gauge investment risk and asset adequacy, as well as to assist in evaluating internal processes and controls. Regulators have also required financial institutions in recent years to perform stress tests to ensure the adequacy of their capital holdings and other assets..

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