wealthymatters

Keynes Vs Hayek

January 2, 2017 2 Comments

Filed under Theory Tagged with FA Hayek, JM Keynes, postaday

Theory Of Money Demand

January 1, 2017 2 Comments

The demand for money is the amount of assets or wealth that people want to hold in the form of cash. This, in turn, is a function of the volume and frequency of their transactions as well as of interest rates (i.e. the opportunity cost of holding cash). There is also a third component, which is the precautionary demand for money. In cash constrained economies, the precautionary demand for money is higher.

Filed under Theory Tagged with postaday, Theory of Money Demand

All About Personal Line Of Credit

January 1, 2017 Leave a comment

wealthymatters A personal line of credit is a type of loan that is extended to individuals from a bank or a lending institution. It allows the individual to maintain a maximum loan balance account with the lending institution, from which he/she can borrow amounts that are lower than or equal to the credit limit as and when the need arises. The borrowing limits, interest rates, minimum monthly payment, the tenure are all decided while establishing the line of credit . Read more of this post

Filed under Paper Assets, personal finance, Tool Kit Tagged with APR, collateral, Credit Card, credit card cash allowance, credit limit, HELOC, home equity line of credit, loan, maximum loan balance account, personal line of credit, personal loan, postaday, secured loan, unsecured loans, variable interest rate

Service Tax And Bloggers

December 29, 2016 Leave a comment

wealthymatters Service Tax is a tax which is paid by the provider of service. Any person whose revenue from providing service (whether Consultancy/ Affiliate Sales/ Designing/ SEO or any other service) during the year is more than Rs. 10 Lakh is liable to pay service tax as per the tax rates prescribed by the govt.The govt keeps changing the service tax rate in the budget announced every year.

Sale of Ad Space is now a part of Service and Service Tax . From 1st July 2012 till 30th Sept 2014 the sale of ad space was specifically exempted from the levy of Service Tax as this was included in the negative list of services on which service tax is not applicable.However, Budget 2014 brought in an amendment and now sale of Ad Unit attracts Service Tax . This Service Tax is applicable on all kinds of digital ads i.e. Direct Ad Sales, Google Adwords Ads, Ad Sales through Agents etc. Read more of this post

Filed under Entrepreneurship, Paper Assets, Theory, Tool Kit Tagged with Central Excise and Sales Tax Department, postaday, service tax, Service Tax Number, service tax return, Small Scale Exemption

Income Tax For Bloggers

December 29, 2016 Leave a comment

wealthymatters Income of bloggers engaged in the profession of blogging is through:
1.Advertisements
2.Affiliate Sales
3.Services like Blog Consultancy, Blog Designing, SEO Services, Content Services etc
4.Any other Source like Freelance income etc.

While computing the income on which tax is to be paid, the total of all incomes earned by a blogger is taken into account. However, Income Tax is not payable on the Total Revenue earned but is payable on the Total Income earned. Total Revenue is the Gross Amount received and Total Income is the amount earned after Depreciation and Payment of Expenses incurred for the purpose of earning the Revenue. Read more of this post