Self-employed individuals can apply for a home loan to purchase, construct or, depending on the lender, renovate a residential property. However, the eligibility assessment can be different from that for salaried applicants…
Cheque Bounce Case: Section 138 Explained in India
A cheque is commonly used in India for payments relating to loans, business transactions, purchases, rent, services and other financial obligations. When a cheque is returned unpaid, the consequences can go beyond…
Demat Account Fraud: Common Scams, Warning Signs and How to Stay Safe
A Demat account holds your shares, bonds, ETFs and other securities in electronic form. Because it is connected to your trading account and personal financial information, criminals may try to gain access…
Stop-Loss Order in Crypto: How Does It Work?
A stop-loss order in crypto is a trading instruction designed to automatically trigger a sell or buy order when the cryptocurrency reaches a specified price. Traders commonly use it to manage downside…
Comprehensive vs Third-Party Car Insurance: Key Differences, Coverage, Benefits & Cost
Choosing the right car insurance can be confusing, especially when comparing comprehensive car insurance vs third-party car insurance. Both provide important protection, but they cover different risks. In India, third-party motor insurance…
TDS on Sale of Property: Section 194-IA Explained
When buying an immovable property in India, the buyer may have to deduct Tax Deducted at Source (TDS) from the amount payable to the seller. This requirement is commonly known as TDS…
Legal Notice for Cheque Bounce: Format, Contents, 30-Day Rule & Procedure
A legal notice for cheque bounce is a formal written demand sent by the payee or holder in due course to the drawer of a dishonoured cheque. It is an important statutory…
Joint Home Loan: Benefits and Eligibility in India
A joint home loan is a housing loan taken by two or more applicants who share responsibility for repaying the loan. It is commonly used by spouses, family members or other eligible…
How to Report a Wrong Demat Transaction to Your Broker or Depository
A wrong Demat transaction can mean an unexpected debit, incorrect credit, unauthorised transfer, wrong quantity, or another transaction that does not match your records. Such an entry should not be ignored, especially…
Revenue vs Profit: Key Differences, Types, Formulas, Examples & Importance
Revenue and profit are two of the most commonly used financial terms in business. They are closely related, but they represent different aspects of a company’s financial performance. Revenue refers to the…