After the introduction of GST on 01-Jul-17, the Government introduced different rates for GST on restaurant bills – non AC (12%) and AC restaurants (18%). Various taxes and cess were brought under a GST rate. However, Service Charge continues to exist, and so does VAT. During its 23rd meeting recently on 10-Nov-17, the GST Council has…
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The past couple of months have been tough for ultra conservative investors after seeing headlines mentioning falling interest rates. Ever since State Bank of India cut the interest rate on savings accounts to 3.5% on July 31, several banks have followed and many more are likely to do so in the coming days as well.…
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Previously, we’ve covered the basics of investing in mutual funds as well as the different plan types, and different ways in which to invest in them. While these are actively managed funds, there is often an ETFs vs Index Funds debate when it comes to passively managed funds. Broadly, they are similar to the extent…
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You are snuggled up with your partner for a cosy 8-hour flight to an exciting vacation destination. And you are forced to stay snuggled for an extra 5 hours because of a technical glitch 😯 Passengers aren’t allowed to leave the plane because the glitch would be fixed ‘any time now’. You feel very smart…
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Income tax filing season is here again, folks! The last date for filing your tax return in July 31, 2017 and with just over a month to go, it is a good time to get your income/expense documents and bank statements in order to avoid any delay. Most of you would have received the Form…
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