When completing your Income Tax Returns (ITR), you may have observed the frequent mention of the terms 'Financial Year' and Assessment Year. Although they might seem similar, there is a distinction between the financial year and assessment year in the context of income tax. The financial year constitutes a 12-month period in which you accrue income, starting from April 1 to March 31. In contrast, the assessment year follows the financial year, the period during which the government evaluates your income. The assessment year also commences on April 1 and concludes on March 31. Separating the Financial Year and Assessment Year is essential because the assessment cannot be carried out until the income is earned. Consequently, taxpayers need to designate the Assessment Year when filing their income tax returns.

Dynamic funds offer regular income, risk-averse investors prefer to invest in safe investments such as Government securities, AAA-rated bonds, or debt funds. While such investments may be an appropriate investment when markets are stable and interest rates low, they do not yield enough return to survive a volatile market environment. This is where dynamic bond funds come into the picture. What's a dynamic bond fund, and what's the advantage of investing in it? Let’s understand ahead in this article.

Online banking, also known as Internet or web banking which lets you manage financial transactions on the Internet. Through Online banking, customers can have access to bill payments, funds transfer and many more in just a few clicks. Let us understand more about Online banking in this article.

The input tax credit is essential to the Goods and Services Tax regime. Including a VAT input credit ensures that only value-added goods and services in different phases of their life will be taxed. Let's look at the input tax credit definition and meaning in this article.

You must have considered investing in a public pension fund while exploring different long-term investment options. The main benefits of opening the PPF account are modest returns, a sovereign guarantee for investments and tax exemptions. You must have been wondering if you are entitled to a PPF investment based on your age or not. To understand PPF age eligibility criteria, follow the article below.

Countries have special savings accounts called Sovereign Wealth Funds (SWFs). These accounts are owned by the government and are filled with money from selling things like oil or saving extra cash. Let us look into the article to know more about what sovereign funds are.

For a few new investors, it takes a lot of work to invest in the stock market. You have to study, review, and understand the various company strategies prior to entering this ocean of the stock market in which values are rising or falling. It is necessary to learn all the strategies and techniques of investing for the first time. This article will highlight the best IPO investment tips to gain profits.

A Systematic Investment Plan, or SIP, means a consistent investment of predetermined amounts in a chosen Mutual Fund scheme. Monthly, a fixed sum is debited from your savings account and directed into your selected Mutual Fund, offering a disciplined approach to wealth accumulation through regular investments. Let us learn more about the benefits and meaning of SIP in this article.

Equity-Linked Savings Schemes (ELSS) are mutual funds that invest in stocks. However, Public Provident Funds (PPF) is a long-term savings and investment scheme. ELSS has a 3-year lock-in period. Whereas, PPF has a 5-year lock-in period. These instruments allow deductions up to Rs 1,50,000 annually. So, both ELSS and PPF assist in long-term wealth generation. But the question is: which is a better option? To understand this, it’s important to know how they differ. So, let's understand the difference between ELSS and PPF.

Wise investment in mutual funds can help you grow your wealth in the long run. However, to maximize your returns and minimize risk, building a diversified mutual fund portfolio is crucial. With diversification, you can spread your investments across various types of mutual funds to bring down the impact of volatility on your returns.