The ultimate mathematical find out of all times is Compounding. And some even believe that the most powerful force in the universe is compounding. The following quote helps you to understand the power of compounding. “Compound interest is the eighth wonder of the world. He who understands it earns it, he who doesn’t, pays it”. […]
Power of compounding effect: Eighth wonder of the world Read More »
The Rule of 72. Do you want to know how quickly your money could develop into double?. The Rule of 72 approximately tells you how long years it will take for your money to grow into two times, given a fixed annual rate of interest. According to the rule, just divide the number 72 by
The Rule of 72 – predict when your money will be doubled. Read More »
Generally, a calendar year starts in January and ends in December. But why the Indian financial year starts on April 1 and ends on March 31. Still, the exact reason is known but experts suggest the following facts may be the reason. British Method Before the arrival of the British, Indians followed a different financial
Why is the Indian financial year is from April to March?. Read More »
What is an IPO? IPO or Initial Public Offer is a process of transferring some shares of a new or unlisted company to investors to raise funds. Consider you are running a business and you need money to expand or develop your business. where will you get that money?. You will ask your friends, relatives,
Factors to be considered before investing in an IPO. Read More »
people used jars or pots to save money in their homes. since metal was expensive at that time, these pots or jars were made of orange clay
The Secret Behind Why Pig Chosen For Piggy Bank Read More »
CIBIL score CIBIL score is a 3 digit numeric score ranging from 300 to 900. It is a reflection of your credit profile. A credit profile is considered good if the credit score of above 750. Lending institutions use CIBIL score as one of the significant ways to identify a person whether he is creditworthy
CIBIL score: All you want to know Read More »
Introduction of Section 194N Section 194N of the Income Tax Act, 1961 (Act) was introduced in the Union Budget 2019 presented by Finance Minister Nirmala Sitharaman. This section discourages cash transactions and paves the way for the country a step towards Digital India. Withdrawals from bank accounts impose TDS after certain threshold limits. Applicability Sec
Section 194N:TDS on cash withdrawal Read More »
ND ACADEMY ND Academy was initiated to aspire and educate young and enthusiastic people transforming them into successful CA. It caters to a unique learning style, effectively implementing traditional classroom teaching. Also Read: Check NRA CET Syllabus and Exam Pattern 2021 COURSES CLASS SIZE In order to offer a tailored and focused learning experience, each
Company planning for business expansion needs money. They arrange the required money either from surplus cash or issuing shares to the public through Initial Public Offer, famously known as IPO. SIP is different from IPO.
Upcoming IPO – 2021 Read More »
