Fintoo

What is Risk Profiling? How to find your Own Risk Profile

Knowing your risk profile is one of the very important steps before making an investment. Risk will always be on your plate when you’re investing, but do you know How to find your own risk profile?  Refer to our podcast to learn detailed information about your own risk appetite.

Visit us at https://www.fintoo.in​​

Contact us on - +91 9699 800 600

Join us on WhatsApp: https://bit.ly/Connect_on_Whatsapp

Follow us on Facebook: https://www.facebook.com/fintooapp/

Insta: https://www.instagram.com/fintoo.app/

LinkedIn:https://www.linkedin.com/company/13467061/

Twitter: https://twitter.com/FintooApp

Blog: https://www.fintoo.in/blog/

Low-interest rates. Where should you invest?

Falling returns on fixed income assets have created a riddle for risk-averse investors and retired employees, who fall back on such products to generate regular income. In a high inflationary environment,  such low returns on assets tend to erode capital and, therefore,  decrease the asset base.

Visit us at https://www.fintoo.in​​

Contact us on - +91 9699 800 600

Join us on WhatsApp: https://bit.ly/Connect_on_Whatsapp

Follow us on Facebook: https://www.facebook.com/fintooapp/

Insta: https://www.instagram.com/fintoo.app/

LinkedIn:https://www.linkedin.com/company/13467061/

Twitter: https://twitter.com/FintooApp

Blog: https://www.fintoo.in/blog/ 

5 Parameters to check your Financial Health

Most people are unaware of certain basic things or factors to look out for, which are basically warnings towards incoming financial  peril. If ignored these may prove to be very costly, but if identified at an early stage, they may be corrected to ensure sound financial health and leads the way to efficient and effective financial planning.  Let’s see the 5 Parameters to check your Financial Health. 

Visit us at https://www.fintoo.in​​

Contact us on - +91 9699 800 600

Join us on WhatsApp: https://bit.ly/Connect_on_Whatsapp

Follow us on Facebook: https://www.facebook.com/fintooapp/

Insta: https://www.instagram.com/fintoo.app/

LinkedIn:https://www.linkedin.com/company/13467061/

Twitter: https://twitter.com/FintooApp

Blog: https://www.fintoo.in/blog/

Best Tax Saving Investments

saving tax is always at the forefront of every taxpayer’s mind. That is why individuals look at legal avenues to lower their tax liability.  Thanks to the Income Tax Act provisions, there are ways in which an individual tax-payer can lower his tax outgo. The provisions provide for tax deductions and tax exemptions from the taxable income. These deductions and exemptions reduce your tax liability.

Contact us on - +91 9699 800 600

Join us on WhatsApp: https://bit.ly/Connect_on_Whatsapp

Follow us on Facebook: https://www.facebook.com/fintooapp/

Insta: https://www.instagram.com/fintoo.app/

LinkedIn:https://www.linkedin.com/company/13467061/

Twitter: https://twitter.com/FintooApp

Blog: https://www.fintoo.in/blog/

Tax Gain Harvesting

Selling an investment again and resetting its cost basis can help you save on taxes. It is best implemented at year-end when your total income and losses can be better estimated.

Contact us on - +91 9699 800 600

Join us on WhatsApp: https://bit.ly/Connect_on_Whatsapp

Follow us on Facebook: https://www.facebook.com/fintooapp/

Insta: https://www.instagram.com/fintoo.app/

LinkedIn:https://www.linkedin.com/company/13467061/

Twitter: https://twitter.com/FintooApp

Blog: https://www.fintoo.in/blog/

Tax Loss Harvesting

Tax Loss Harvesting is currently used as a yielding strategy for tax management purposes. However, it may remain unknown or unpractised to the maximum benefit by the regular investors.

So let’s see what Tax Loss Harvesting means Tax Loss Harvesting refers to the tax management strategy where the stocks and securities are sold at loss to square off the tax liability arising due to the profit-making sale of other stocks and securities.

Such a strategy to set off the capital losses against capital gain is especially beneficial now when LTCG (Long Term Capital Gains) tax is imposed on equity sale, including equity mutual funds. Even regular investors can resort to Tax Loss Harvesting.

Contact us on - +91 9699 800 600

Join us on WhatsApp: https://bit.ly/Connect_on_Whatsapp

Follow us on Facebook: https://www.facebook.com/fintooapp/

Insta: https://www.instagram.com/fintoo.app/

LinkedIn:https://www.linkedin.com/company/13467061/

Twitter: https://twitter.com/FintooApp

Blog: https://www.fintoo.in/blog/

Nitty Gritty of GST

The government has notified several changes in the GST law and has also put into effect several amendments brought in vide the Finance Act,  2020. This alert covers the key changes notified in the GST law.

Rule 86B has been inserted to restrict the utilization of Input Tax  Credit (ITC) to the extent of 99% of tax liability for the relevant period for taxpayers having taxable supply (other than exempt supply and zero-rated supply) in a month exceeding INR 5 million. This restriction does not apply to taxpayers.

New updates and amendments have been brought into GST guidelines in 2021 changes in rule 86B, QRMP scheme and many more.

Contact us on - +91 9699 800 600

Join us on WhatsApp: https://bit.ly/Connect_on_Whatsapp

Follow us on Facebook: https://www.facebook.com/fintooapp/

Insta: https://www.instagram.com/fintoo.app/

LinkedIn:https://www.linkedin.com/company/13467061/

Twitter: https://twitter.com/FintooApp

Blog: https://www.fintoo.in/blog/

MWP Act - A Financial Boon for Women

If you have any questions do write and email us at - [email protected]

What is the MWP Act?  

MWP Act refers to the Married Women’s Property Act. This was created in  1874 with a motive to protect the interests of married women over the property. In 1923, there was an amendment to this Act which states that the proceeds of the insurance under this Act would belong to beneficiaries who would-be wife and children.

What is Section 6 and what it implies?

Section 6 of the Married Women's Property Act (MWPA) was drafted to include Life Insurance Plans. 

In such a scenario, the proceeds from the Insurance policy would be protected from the  

What are the Benefits?  

Interests of the beneficiaries (wife and children) are protected and it is guaranteed that wife and children would have the right to the proceeds.

Contact us on - +91 9699 800 600

Join us on WhatsApp: https://bit.ly/Connect_on_Whatsapp

Follow us on Facebook: https://www.facebook.com/fintooapp/

Insta: https://www.instagram.com/fintoo.app/

LinkedIn:https://www.linkedin.com/company/13467061/

Twitter: https://twitter.com/FintooApp

Blog: https://www.fintoo.in/blog/

Will vs Nomination vs Joint Holding

Estate Planning is not just Will creation - https://anchor.fm/fintoo/episodes/Estate-Planning-is-not-just-Will-creation-euhjum

Important points to consider while writing a Will - https://anchor.fm/fintoo/episodes/Important-points-to-consider-while-writing-a-Will-ev1fsa

How to ensure that our loved ones are protected even when we are not there with them? We need to make sure that they are taken care of even  after an unfortunate event of death.

Will: Will allows the testator to explicitly assign and allocate the assets to the person whom he wants to bequeath the wealth. Will should be dated, signed and should be written in a sound mind which requires the medical certificate to the effect. If there are multiple Wills then the latest one would be held as a valid and effective Will.

Nomination: Nominations are necessary in case of bank account, policies, mutual funds, Demat account etc.  In case there is no nomination or in case there is a different nominee and different beneficiary in Will, then a legal dispute arises.

Joint Holdings: In case, it is already known that an asset should go to a particular person, then it is better to have joint ownership.

Visit us at: https://www.fintoo.in​​​

Contact us on - +91 9699 800 600

Join us on WhatsApp: https://bit.ly/Connect_on_Whatsapp​​

Follow us on Facebook: https://www.facebook.com/fintooapp/​​

Insta: https://www.instagram.com/fintoo.app/​

LinkedIn: https://www.linkedin.com/company/13467061/

Twitter: https://twitter.com/FintooApp​

Blog: https://www.fintoo.in/blog/

Important points to consider while writing a Will

We always care for our loved ones and wish that nothing in the world hurts them. We can be assured that they are protected if we have Will. 

Will is a legal and bonafide document that comes into effect on the unfortunate event of the death of the Testator. An executor has to  assign the assets and money to specific individuals who are later termed as legal heir. These legal heirs then become entitled to their share as  per the designated Will.

Here are some pointers which need to be considered while writing a Will

An executor is a person who would carry out the execution of Will which will include distribution and assignment of assets as named by the testator.

Always remember to have 2 witnesses to the Will which will authenticate the Will.

The doctor’s certificate assures that the testator had a sound mind while writing Will and will make it legally authentic.

Will shall have all accurate and complete details of the testator like PAN, full name etc.

The testator can also assign the property as bequeath to any person.

Always mention the beneficiary name and the asset which should go to him

2 important suggestions 

Contact us on - +91 9699 800 600

Join us on WhatsApp: https://bit.ly/Connect_on_Whatsapp

Follow us on Facebook: https://www.facebook.com/fintooapp/

Insta: https://www.instagram.com/fintoo.app/

LinkedIn:https://www.linkedin.com/company/13467061/

Twitter: https://twitter.com/FintooApp

Blog: https://www.fintoo.in/blog/