Factors a first time investor must think about before investing

Rules of thumb may come in handy for those who are just beginning their financial planning. Youngsters who have just started their career may get some direction on where and how to make a beginning. For those who are in the middle of their career and don’t yet have a proper plan in place, thumb rules can also be helpful. But remember, they only provide a general direction and may not necessarily give you the exact picture.

Personal Risk Factors

Your investment portfolio should consist of products that match your needs and work towards achieving your goals. But how do you determine which products are suitable for you?

Mentioned below are a few factors that can help you find the right type of investment.

Six Common Queries for Filing Income Tax Returns

Capital losses are incurred when you sell a house property for a loss or sell shares at a loss.These losses can be set off against certain income heads. This will help to reduce taxable income, thus reducing tax liability.

Avoid These Tax Planning Mistakes

The IT returns website might not work at the last minute or you are busy at work and do not have time to file the returns. We will not have time to get the documentation such as bills, Form 16, Form 26AS etc. ready. One can encounter many such issues. It is, therefore, better to plan for taxes at the beginning of the financial year, take the necessary steps throughout the year and prepare the IT returns and file it well in advance.