Wealthy & Wise: Create Wealth With Wisdom Dheeraj Kumar

For every investor interested in share market, now demat account is a go to thing. There are plenty of brokerage houses, fintech companies and financial institutions which provide the services of demat account opening and maintenance. But before you start your investment journey, it would be worthwhile to know what does Demat account stand for and for whom it is mandatory. Some more things about demat account will be there in the fresh podcast episode from Wealthy & Wise. 

In the second part of the series on Financial Planning For Starters, we are discussing about the important aspects of financial planning. These include asset allocation, risk appetite, financial goals, etc. For the listeners of every age who are interested in wealth creation, this episode is very useful. 

It is said that it is somewhat easy to earn money but it's not definitely easy to make your money earn. Even many good savers are not able to understand how to earn a good return on their savings. Therefore the importance of financial planning can't be understated. And it is always better to start financial planning as soon as possible. We can also say that one should start his financial planning as soon as he starts earning. In this episode, I am going to tell the starters how to go for financial planning, if you don't want to go to a certified financial planner as of now. 

Every non-resident Indian earning taxable income from India is under an obligation to file income tax return in India. But it must be remembered that income earned abroad is not taxable in India. NRIs have to pay tax in India only on the income earned and accrued in India, such as capital gains from shares, mutual funds, term deposits, property rentals, etc.  What are the rules, this podcast will tell you in little detail. 

The Sukanya Samriddhi Yojana is girl child prosperity scheme launched by Government of India in year 2015. It is one of the best investment schemes in India for securing the future of girl child. It can be opened by the parents of a girl child below the age of 10. A Sukanya Samriddhi Account has a tenure of 21 years or until the girl child marries after the age of 18. This scheme can be easily opened in post offices and designated private or public banks in the form of a savings account in the name of the baby girl. 

In Budget 2020, Indian Government has announced a new regime for Income Tax in which the tax rates were reduced. Though the old tax regime will also be in force and it would be taxpayer's choice to go with the old or new system. But what are the benefits of both the systems and how can you calculate the differences in your tax liability, you can know by listening this episode of Wealthy & Wise. #incometax