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Extent of Personal Debt in USA

With Indian’s lapping up credit, a question that comes to my mind is Will India end up like USA with huge personal debt? The average U.S. citizen has $29,800 worth of debt, as revealed in a new study from Northwestern Mutual. Personal debt levels for many are...

Equity-oriented debt funds: What are they, how they are taxed

Mutual Funds Sahi Hain is what Indians are starting to believe in. Mutual Funds differ on the basis of what they invest in.  Such as equity funds invest in stocks while Debt funds invest in capital bonds and gold funds in gold. But many mutual funds invest in a mix of...

5 Debt Payoff Mistakes to Avoid , How to reduce your Debt

Debt is a fact of most people lives whether Americans or Indians and paying off that debt can take years, some may never even become debt free. The reason why so many fail reducing paying off Debt or reducing debt is most likely because they are making mistakes in...

Short Term Capital Gains of Debt Mutual Funds,Tax, ITR

If one sells an asset such as bonds, shares, mutual fund units, property etc, one must pay tax on the profit earned from it.  Tax is applicable on this gain or profit in the year in which asset was sold.  The taxability of capital gains depends on the nature of gain,...

Most Indians Loyal When It Comes to Paying Credit Card Dues

A survey by credit information agency CIBIL revealed that as high as 92% of Indian credit card holders pay more than their minimum monthly dues. This is encouraging in light of the fact that only 88% Canadians, 89% Americans and 44% South Africans credit card holders...
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