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A number of high-net-worth charities and trusts are at risk of losing their tax-exempt status due to two recent Supreme Court (SC) rulings if they don’t undertake a proper internal restructuring, tax experts said. However, since the judgments are applied prospectively, these companies do not have to pay higher amounts of taxes for previous periods …
The number of new home buyers is increasing across the country. Total sales in the seven largest cities are expected to exceed 3.6 lakh units in 2022, according to a report. The uptick in home buying makes it imperative to stay on top of property taxes and the implications of not paying. Local authorities collect …
Are you planning a career change? Why not withdraw the savings accumulated in the EPF accounts of your employees? Withdrawing from the EPF is a relatively simple process, involving filling out a form with your personal information and giving it to your human resources colleague to complete. After a few weeks, you will receive a …
Your credit history tells you about your credit history. It is a mirror of his responsibility for his debts. Your credit history contains the history of your credit, credit cards, and credit accounts. When you opened it, how much money did you take and return on time? Your credit history is a consolidated record of …
What exactly is a credit score? If you’ve ever tried to buy an expensive item, like a house or car, the finance company has likely informed you of your creditworthiness. This is one of the most important factors that lenders consider when deciding whether to grant you a loan or not. Credit card companies, insurance …
AI as a blockchain is a revolution in technology. It makes the work of different industries easier and more efficient. The evolution of AI is leading to great revolutions in all industries, but the most useful thing about AI is loan and credit management. Automated systems cost banks 50-90% less than the labor of hired …
In the most recent iteration of a sustained rise in bitcoin prices, the cryptocurrency surged more than 300% over the past year. This is the third major round of Bitcoin price spikes since 2013 – the previous two “bubbles” ended with a sharp drop of over 80%. Unlike a stock or bond, it is difficult …
To qualify for a loan from credit institutions such as banks or NBFC, you must meet certain eligibility criteria. One of them is good credit. A credit score provides information on financial health based on past financial history and transactions and indicates whether the borrower can repay the loan on time. Most banks verify CIBIL’s …
