Purchasing life insurance, especially via a term insurance policy, is strongly suggested for taking care of any premature death that might leave one’s family financially stuck. The health insurance coverage might help you pay for medical fees without getting to dive into your resources. Furthermore, there are additional dangers that must be mitigated so that you do not lose your funds in the middle of achieving your objectives; it doesn’t matter what you’re opting for, whether it is a child plan or a term insurance plan. These are as follows:  If you’re opting for the term insurance plans, then do...

A personal loan is an excellent option to meet short-term financial emergencies. Borrowers seek personal loans to take care of their immediate expenses like funding a wedding, education, business, home improvement project, debt consolidation and travel over-looking the rate of interest. Quick disbursal of the loan amount and minimal documentation makes it even more attractive. However, being unsecured, personal loans often incur a high-interest rate. A borrower may take the loan during the need of the hour, but it slowly burdens them when they have to pay hefty EMIs. A personal loan balance transfer is a suitable option to lower...

While it is essential to be careful while filing tax returns, it is not uncommon for people to make mistakes. Returns filed with errors are considered ‘defective returns’ by the tax department. Under Section 139(9) of the IT Act, the tax department issues the ‘Defective Return Notice’ for rectifying the mistake.  Here are some of the most important things you should know about this notice.  When is the Defective Return Notice Issued? There can be several reasons why the tax department might issue the defective return notice. Here are some of the most common reasons.  Incomplete tax returns or detail...