From the Editor: This is a guest article by Aaron Garcia
While
I think most of us have become painfully aware through the media, or
through personal experience of the changing weather patterns, of things
like global warming and melting polar ice caps, we have probably never
regarded ourselves as being able to do something about it. That is the
terrain of politicians, governments and national decision makers.
Not so. Each of us, by making some simple changes in our lifestyle choices and our awareness of our environment, can make an impact. Just think, in a population as big as ours, what that cumulative impact for good could be.
Where do I begin? Well, besides the initiatives at home with things like the recycling of waste products, you could look at your transport choices. I know we travel long distances in the US and the freedom to use our own vehicles is great, but the impact on the environment of the carbon emissions from our personal vehicles is vast.
While
I think most of us have become painfully aware through the media, or
through personal experience of the changing weather patterns, of things
like global warming and melting polar ice caps, we have probably never
regarded ourselves as being able to do something about it. That is the
terrain of politicians, governments and national decision makers.Not so. Each of us, by making some simple changes in our lifestyle choices and our awareness of our environment, can make an impact. Just think, in a population as big as ours, what that cumulative impact for good could be.
Where do I begin? Well, besides the initiatives at home with things like the recycling of waste products, you could look at your transport choices. I know we travel long distances in the US and the freedom to use our own vehicles is great, but the impact on the environment of the carbon emissions from our personal vehicles is vast.
Do You Really Need Dental Insurance?
From Editor: This is a guest article contributed by Richard Keane
The
monthly budget of many individuals and families is already overcrowded
with bills and things to pay for. The thrust of many people is how to
prune down their budget
and reduce the number of things that they have to pay for. People are
thus going through their expenses to find services and products that
they could do without. Against this backdrop, one question that many ask
is, do I really need dental insurance?
At first glance, you may be tempted to answer a quick no, the reason being seemingly quite simple. Why put up with paying monthly premiums for dental cover, when you take such good care of your teeth and have no cavities or toothache? Well, each person will have to answer that question in light with their own circumstances. At present, about 30% of Americans do not have any form of dental insurance cover. That translates to about 100 million Americans that do not have dental cover. You may be quick to ask yourself, if they can stay without dental insurance, why can’t I do the same too?
The
monthly budget of many individuals and families is already overcrowded
with bills and things to pay for. The thrust of many people is how to
prune down their budget
and reduce the number of things that they have to pay for. People are
thus going through their expenses to find services and products that
they could do without. Against this backdrop, one question that many ask
is, do I really need dental insurance?At first glance, you may be tempted to answer a quick no, the reason being seemingly quite simple. Why put up with paying monthly premiums for dental cover, when you take such good care of your teeth and have no cavities or toothache? Well, each person will have to answer that question in light with their own circumstances. At present, about 30% of Americans do not have any form of dental insurance cover. That translates to about 100 million Americans that do not have dental cover. You may be quick to ask yourself, if they can stay without dental insurance, why can’t I do the same too?
Annoucing the Lauch of New Focused Blog - moneywithmoney.NET !
I am happy to announce the launch of my new blog named "www.moneywithmoney.net"
a joint initiative with my wife. This launch has decided to today,
August 29, the date of my birth day, and I an very happy to introduce
this new blog to all our visitors.
Unlike investinternals.com, moneywithmoney.net
is more focused to it main subject: Money. It would cover all
possibilities of making and managing money with numerous tips to save
money. It also introduce all the resources to readers to get control
over their money in a well structured and highly efficient way.
My hearty welcome to all of you to have a look at this new blog. It is our pleasure if you could SUBSCRIBE this blog as first 100 to realize its decided quality of articles coming soon. All the first 100 email subscribers would receive a surprising gift from us as a launching offer of moneywithmoney.net.
Visit today to subscribe to the knowledge rich contents today..
Thanks in advance.... Sherin Dev and Jyothi Sherin
Unlike investinternals.com, moneywithmoney.net
is more focused to it main subject: Money. It would cover all
possibilities of making and managing money with numerous tips to save
money. It also introduce all the resources to readers to get control
over their money in a well structured and highly efficient way.
My hearty welcome to all of you to have a look at this new blog. It is our pleasure if you could SUBSCRIBE this blog as first 100 to realize its decided quality of articles coming soon. All the first 100 email subscribers would receive a surprising gift from us as a launching offer of moneywithmoney.net.
Visit today to subscribe to the knowledge rich contents today..
Thanks in advance.... Sherin Dev and Jyothi Sherin
Top of the Range Property Investment- New Apartments and Buying off the Plan
From the Editor: This guest article offered by Sachin
This
article would give you good insight on upper range property investments
and the advantages of buying investment properties off the plan
If you’re looking at buying an investment property in the top end of the market, buying an investment property off the plan is the best option. The investment values of the upper range of the market are very different in their dynamics from the mainstream property market. This is a fussy, highly discriminating market and it can be extremely demanding. The demand is for quality. Buyers and renters alike want value, and can afford to pay for it.
Top of the range property investment, an overview
There are several typical characteristics of a good upmarket investment property. These are also the basic expectations of this end of the market, and it’s important to understand the values and priorities attached to them.
This
article would give you good insight on upper range property investments
and the advantages of buying investment properties off the planIf you’re looking at buying an investment property in the top end of the market, buying an investment property off the plan is the best option. The investment values of the upper range of the market are very different in their dynamics from the mainstream property market. This is a fussy, highly discriminating market and it can be extremely demanding. The demand is for quality. Buyers and renters alike want value, and can afford to pay for it.
Top of the range property investment, an overview
There are several typical characteristics of a good upmarket investment property. These are also the basic expectations of this end of the market, and it’s important to understand the values and priorities attached to them.
64% of Americans Don’t Have a $1000 Emergency Fund
Editor's note: This information provide by Ben Joven
The NFCC (National Foundation for Credit Counseling)
released a July online poll that revealed the sordid financial state
of the American consumer. The online poll uncovered that 64% of
Americans do not have $1000 in their savings account for an emergency
expense. The 64% of Americans that do not have enough cash on hand for
an emergency, stated that they would have to rely on other resources in
order to cover an unexpected expense such as a medical emergency, or an
unanticipated car repair.
Only 36% of Americans said that they would be able to tap into their savings account for an unexpected emergency expense. The rest of the 64% polled stated other means of coming up with the emergency expense, here are few interesting figures that the NFCC’s profile revealed:
The NFCC (National Foundation for Credit Counseling)
released a July online poll that revealed the sordid financial state
of the American consumer. The online poll uncovered that 64% of
Americans do not have $1000 in their savings account for an emergency
expense. The 64% of Americans that do not have enough cash on hand for
an emergency, stated that they would have to rely on other resources in
order to cover an unexpected expense such as a medical emergency, or an
unanticipated car repair.Only 36% of Americans said that they would be able to tap into their savings account for an unexpected emergency expense. The rest of the 64% polled stated other means of coming up with the emergency expense, here are few interesting figures that the NFCC’s profile revealed:
Tips for First Time Home Buyers
Editor's note: This is a guest post from Darrell Rigley
Now
that you are ready to buy your first home, where do you start- How do
you make sure that you are getting a good deal on your home and that you
haven-t missed anything when choosing the home and making the deal.
Here is a checklist to get you started:
1. Run your credit report and fix any problems found
2. Shop around for your mortgage in order to get the best rate available
3. Get pre-approved for your mortgage - This will tell you how much home you can afford and show potential sellers that you are serious
4. Crunch the numbers - Determine how much each $1000 in price affects your monthly payment
5. Determine your comfort zone - This most likely will be less than you are approved for
Now
that you are ready to buy your first home, where do you start- How do
you make sure that you are getting a good deal on your home and that you
haven-t missed anything when choosing the home and making the deal.Here is a checklist to get you started:
1. Run your credit report and fix any problems found
2. Shop around for your mortgage in order to get the best rate available
3. Get pre-approved for your mortgage - This will tell you how much home you can afford and show potential sellers that you are serious
4. Crunch the numbers - Determine how much each $1000 in price affects your monthly payment
5. Determine your comfort zone - This most likely will be less than you are approved for
Invest Like A Billionaire !
Editor's note: This is a guest post from Zach Ramsay
Almost
anyone can make money in a booming economy, but only smart investors
can say the same when the economy, and the stock market, heads south. If
you haven’t been completely satisfied with the performance of your
portfolio recently, learn how to invest like a billionaire by copying
the moves of one of these financial geniuses:
Warren Buffet
Born in 1930 to a former stockbroker, Warren Buffet showed a talent for all things financial at a very young age. By the time he turned six, young Warren was making a small profit by selling soft drinks to his friends. Today, this investment icon is worth more than $50 billion. If you’d like to become a student of Buffettology, keep these tips in mind:
Almost
anyone can make money in a booming economy, but only smart investors
can say the same when the economy, and the stock market, heads south. If
you haven’t been completely satisfied with the performance of your
portfolio recently, learn how to invest like a billionaire by copying
the moves of one of these financial geniuses:Warren Buffet
Born in 1930 to a former stockbroker, Warren Buffet showed a talent for all things financial at a very young age. By the time he turned six, young Warren was making a small profit by selling soft drinks to his friends. Today, this investment icon is worth more than $50 billion. If you’d like to become a student of Buffettology, keep these tips in mind:
Business Credit Cards Can Be Bad For Business
Editor’s Note: This is a guest post from Odysseas Papadimitriou of Card Hub
As
the age-old saying goes, you’ve got to spend money to make money. It
therefore goes to reason that to make the most money possible, you’ve
got to spend wisely. For most small businesses, a key aspect of this is
choosing the right credit card, both for funding purposes and everyday
purchases. But how should one go about selecting a business credit
card? Interestingly, according to a pair of small business credit card
studies from Card Hub, this process isn’t nearly as straightforward as
you might think.
These studies – which gathered information about the policies and practices of the 10 largest credit card issuers in the United States – not only revealed that American Express, Bank of America, Capital One, Chase, Citi, Discover, HSBC and U.S. Bank all hold individual consumers liable for so-called business credit card use, but also unearthed the fact that all of the major issuers who were transparent enough to participate in the studies report “business credit card” information to users’ individual credit reports.
As
the age-old saying goes, you’ve got to spend money to make money. It
therefore goes to reason that to make the most money possible, you’ve
got to spend wisely. For most small businesses, a key aspect of this is
choosing the right credit card, both for funding purposes and everyday
purchases. But how should one go about selecting a business credit
card? Interestingly, according to a pair of small business credit card
studies from Card Hub, this process isn’t nearly as straightforward as
you might think.These studies – which gathered information about the policies and practices of the 10 largest credit card issuers in the United States – not only revealed that American Express, Bank of America, Capital One, Chase, Citi, Discover, HSBC and U.S. Bank all hold individual consumers liable for so-called business credit card use, but also unearthed the fact that all of the major issuers who were transparent enough to participate in the studies report “business credit card” information to users’ individual credit reports.
Safety in Numbers ? Why Charter Bus Transportation is So Safe
From Editor: This guest post submitted by Aaron Garcia
Did
you know that the US Government has published statistics which indicate
that buses and coaches are the safest mode of road transport? (0.4
fatalities per 100 million vehicle miles, compared to cars where the
rate is 3.5 times higher.
Even though they share the roads with other users, it has been determined that they have the safety level of trains. These findings are borne out by those from countries such as Australia and Germany, which indicate a lower accident fatality rate in buses than in any other form of land transport.
But most buses don't have safety belts for passengers. How can they still be safe??
It's all a matter of how they are built. All the seats on a bus are much higher than any you would find in a car or even an SUV. This means that passengers are seated higher than the point of any conceivable impact. Besides this, motor coach seats are compartmentalized, which means that each seat is like a padded roll cage and will offer the protection needed by passengers in the event of a collision.
Did
you know that the US Government has published statistics which indicate
that buses and coaches are the safest mode of road transport? (0.4
fatalities per 100 million vehicle miles, compared to cars where the
rate is 3.5 times higher.Even though they share the roads with other users, it has been determined that they have the safety level of trains. These findings are borne out by those from countries such as Australia and Germany, which indicate a lower accident fatality rate in buses than in any other form of land transport.
But most buses don't have safety belts for passengers. How can they still be safe??
It's all a matter of how they are built. All the seats on a bus are much higher than any you would find in a car or even an SUV. This means that passengers are seated higher than the point of any conceivable impact. Besides this, motor coach seats are compartmentalized, which means that each seat is like a padded roll cage and will offer the protection needed by passengers in the event of a collision.
Getting the Most as a Student
From Editor's Desk: This guest article contributed by Katei Cranford
College
can be one of the most rewarding parts of a lifetime. But it can also
be stressful, expensive, and all-consuming. Plus finances are rarely on
the academic roster for those not pursuing a business-oriented degree.
In order to get the most out of education, it's essential students seek
out the opportunities available to only them. Below are a few things
students should “get” before they graduate.
Get a job - or at least an internship.
Classes and homework eat up most hours of the day, but a small part-time position can supplement income in big ways. Working while in school helps to overcome the hurdle of lacking actual “experience” after graduation. It's much easier to gather that experience early than scramble around in the job market. Try to scope the job around your field of study. Typically, internships can be taken for class credit which allows you to ease your wallet and course load. Campus companies always need student help - which helps with the commute - and major brands seek “on-campus ambassadors” to push their product to your friends and classmates.
College
can be one of the most rewarding parts of a lifetime. But it can also
be stressful, expensive, and all-consuming. Plus finances are rarely on
the academic roster for those not pursuing a business-oriented degree.
In order to get the most out of education, it's essential students seek
out the opportunities available to only them. Below are a few things
students should “get” before they graduate.Get a job - or at least an internship.
Classes and homework eat up most hours of the day, but a small part-time position can supplement income in big ways. Working while in school helps to overcome the hurdle of lacking actual “experience” after graduation. It's much easier to gather that experience early than scramble around in the job market. Try to scope the job around your field of study. Typically, internships can be taken for class credit which allows you to ease your wallet and course load. Campus companies always need student help - which helps with the commute - and major brands seek “on-campus ambassadors” to push their product to your friends and classmates.
The 86 Biggest Lies on Wall Street
The 86 Biggest Lies on Wall Street - A Must Read for Any Investor!
I have recently visited a biggest bookshop in my city and spotted "The 86 Biggest Lies on Wall Street"
by John R. Talbott which came as new. Have a look deep inside the pages
as usual and found it have something special for an investor like me.
It deals with 86 biggest lies on wall street which provides sporadic
insight to some of the common assumptions that later land to great
mistakes.
In the investment mistake side, I have attracted to a lie named "Invest only on monopoly businesses". The explanation by John in this section is very nice because this advice, even continuously giving my Jim Crammer, would affect the free market system by John's perspective. Another area he covered is the mistake happens to investors by pointing more to the EBITDA data because of possible errors may happen to investors and which lead them to a decision of investing is some stocks by considering it is cheap but it would be in high valuation in reality.
I have recently visited a biggest bookshop in my city and spotted "The 86 Biggest Lies on Wall Street"
by John R. Talbott which came as new. Have a look deep inside the pages
as usual and found it have something special for an investor like me.
It deals with 86 biggest lies on wall street which provides sporadic
insight to some of the common assumptions that later land to great
mistakes.
In the investment mistake side, I have attracted to a lie named "Invest only on monopoly businesses". The explanation by John in this section is very nice because this advice, even continuously giving my Jim Crammer, would affect the free market system by John's perspective. Another area he covered is the mistake happens to investors by pointing more to the EBITDA data because of possible errors may happen to investors and which lead them to a decision of investing is some stocks by considering it is cheap but it would be in high valuation in reality.
Commercial Property Investment Basics- How to Check Out A Commercial Property
Editor's note: This guest post offered by Sachin
This article covers the basic processes for investigating commercial property investment options
Commercial
property investment can be an excellent investment opportunity, but it
can bring with it more than a few problems. If you’re buying commercial
property, you’re also making a major capital investment, and the risks
start before you even pick up the phone. New commercial real estate
software and property valuation software are now being used by
professionals as risk management tools as much as anything else.
Operating costs for shops are also very high. Some shopping areas are particularly expensive and can’t attract or keep tenants.
This article covers the basic processes for investigating commercial property investment options
Commercial
property investment can be an excellent investment opportunity, but it
can bring with it more than a few problems. If you’re buying commercial
property, you’re also making a major capital investment, and the risks
start before you even pick up the phone. New commercial real estate
software and property valuation software are now being used by
professionals as risk management tools as much as anything else.Operating costs for shops are also very high. Some shopping areas are particularly expensive and can’t attract or keep tenants.
How to Leverage Your Social Network to Find Perfect Jobs
From Editor: This is a guest post from Andrew Hunter Co-founder of Job Search Engine Adzuna
The
last 10 years has seen a seismic shift in the way job seekers and
employers are connected to each other. Gone are the days (in the most
part) of employers stumping up £5k to a recruiter or headhunter to lock
down a candidate. Job seekers have also realized that new avenues have
opened up for them to connect with potential employers and land a job.
Social Media can sometimes tip the balance between getting hired and
getting fired and those that embrace it are learning that it can be an
excellent string to the job hunters bow.
Here are 5 social media tips, which will help you in the job hunting process:
1. Get yourself on LinkedIn (everyone else is there) – LinkedIn is the largest professional social network on the planet and if you're not on it, you're missing out. It's a great platform for exchanging business ideas, flirting with potential employers and connecting with old and existing colleagues.
The
last 10 years has seen a seismic shift in the way job seekers and
employers are connected to each other. Gone are the days (in the most
part) of employers stumping up £5k to a recruiter or headhunter to lock
down a candidate. Job seekers have also realized that new avenues have
opened up for them to connect with potential employers and land a job.
Social Media can sometimes tip the balance between getting hired and
getting fired and those that embrace it are learning that it can be an
excellent string to the job hunters bow.Here are 5 social media tips, which will help you in the job hunting process:
1. Get yourself on LinkedIn (everyone else is there) – LinkedIn is the largest professional social network on the planet and if you're not on it, you're missing out. It's a great platform for exchanging business ideas, flirting with potential employers and connecting with old and existing colleagues.
Gold Demand Statistics by World Gold Council for Q2 2011
Here
is an interesting Gold Demand Statistics for Q2 2011 provided by World
Gold Council a market development organization for the gold industry.
Working within the investment, jewellery and technology sectors, as well
as engaging in government affairs, our purpose is to provide industry
leadership, whilst stimulating and sustaining demand for gold. World
Gold Council develop gold-backed solutions, services and markets, based
on true market insight. As a result, WGC create structural shifts in
demand for gold across key market sectors.
World Gold Council provides insight into the international gold markets, helping people to better understand the wealth preservation qualities of gold and its role in meeting the social and environmental needs of society.
- Global gold demand in the second quarter of 2011 totalled 919.8t, down 17% from the remarkably strong levels of 1,107t in the second quarter of 2010. Gold demand in value terms grew by 5% year-on-year reaching US$44.5bn up from US$42.6bn in the second quarter of 2010. This is the second highest quarterly value on record, only fractionally below the US$44.7bn record that occurred in the fourth quarter in 2010.
Determine Your Business Type before you Start Your New Business
Editor's note: This guest post written by M. Garcia of Arizona Legal Briefcase
There
are many ways to structure your new business, so it is very important
for you to determine which structure is best for you and your new
business. You have several options when starting your new company.
Your choices are to form a corporation, an LLC (Limited Liability
Company), a partnership, or a sole proprietorship. Your choice will
depend on who will own the business and what its activities will be.
Preliminary Questions when Starting a Business
You will need to determine which one is the best fit for your new business. This is an important decision. You will need to ask yourself some questions to help you determine which business structure will work for your new business. Keep in mind that what might work for your friends?
There
are many ways to structure your new business, so it is very important
for you to determine which structure is best for you and your new
business. You have several options when starting your new company.
Your choices are to form a corporation, an LLC (Limited Liability
Company), a partnership, or a sole proprietorship. Your choice will
depend on who will own the business and what its activities will be.Preliminary Questions when Starting a Business
You will need to determine which one is the best fit for your new business. This is an important decision. You will need to ask yourself some questions to help you determine which business structure will work for your new business. Keep in mind that what might work for your friends?
Why & How We Can Teach Our Children on the Merits of Property Investment
Editor's note: This guest post contributed by Jack Photon
One
of the best things a parent can teach a child is how to manage their
personal finances. Parents teach this both through words and actions.
Beyond the basics such as how to manage a credit card, balance a check
book and budget, parents can also teach their children the merits of
property investment.
Owning a home can be a rewarding experience, or it can be a devastating experience that can ultimately lead to bankruptcy. Financially savvy parents can teach their teen and teenage children several important lessons when it comes to buying a home:
One
of the best things a parent can teach a child is how to manage their
personal finances. Parents teach this both through words and actions.
Beyond the basics such as how to manage a credit card, balance a check
book and budget, parents can also teach their children the merits of
property investment.Owning a home can be a rewarding experience, or it can be a devastating experience that can ultimately lead to bankruptcy. Financially savvy parents can teach their teen and teenage children several important lessons when it comes to buying a home:
How Greed Kills You in Stock Market
Stock market is not the place for emotions, especially greed and fear. Greed is directly connected to bull and fear connected to bear market,
the two phases dominates stock markets to make real investors rich.
When people approaches stock market with greed, prizes would start
zooming up because of heavy buying with a speculation on possible
uptrend of prices. Other hand, when traders fear about the losses, they
start selling stocks which would drag down the stock prices heavily.
Traders generally interested to purchase and sell shares in the same day to book profit. To get rich immediate, people considering trading activities are the best. With such greedy mentality, thousands of people getting attracted to stock market day trading everyday. There is nothing, but just greed to become rich in a fortnight.
Google Acquires Motorola Mobility for $12.5 billion
Google
Inc. said Monday it is buying cell phone maker Motorola Mobility
Holdings Inc. for $12.5 billion in cash. This is the ever biggest
acquisition by internet giant as the part of its serious intention of
expanding business to beyond core internet business.
This deal suspected Google's agenda to provide total hardware and software experience like Apple.
With a $40.00 per share, Google will pay a 63 percent premium to Motorola's closing price on Friday.
"Motorola Mobility's total commitment to Android has created a natural fit for our two companies," said Google CEO Larry Page in a statement. "Together, we will create amazing user experiences that supercharge the entire Android ecosystem for the benefit of consumers, partners and developers."
How to Invest Effectively in the Stock Market Online
Editor's note: This is a guest post from Elias Cortez, a freelance writer
Online
trading can be done by anyone as long as you have, of course, computer,
sufficient funds to open an account, and ability to invest in the
market – this includes your good financial history. Therefore, if anyone
can do online trading, ordinary people can own a stock as well, as most
analysts see eye to eye that average people trading stock is a great sign of financial victory.
The Purpose of Investing in the Stock Market
First and foremost, the primary purpose of investing in the stock market is to make a profit and build your wealth to ensure a bright future. Basically, you become a shareholder in the company whenever you purchase a stock. Online investing can be done anytime, anywhere at your own pace via internet. Therefore, maximize your time researching what companies are best to buy stocks in and determine the appropriate techniques in order to prevent losses every time you trade.
For people who frequently use the internet, the stock investing has become trouble-free and even more interesting. People who are into online investing generate an online account through any online brokerage firm.
Online
trading can be done by anyone as long as you have, of course, computer,
sufficient funds to open an account, and ability to invest in the
market – this includes your good financial history. Therefore, if anyone
can do online trading, ordinary people can own a stock as well, as most
analysts see eye to eye that average people trading stock is a great sign of financial victory.The Purpose of Investing in the Stock Market
First and foremost, the primary purpose of investing in the stock market is to make a profit and build your wealth to ensure a bright future. Basically, you become a shareholder in the company whenever you purchase a stock. Online investing can be done anytime, anywhere at your own pace via internet. Therefore, maximize your time researching what companies are best to buy stocks in and determine the appropriate techniques in order to prevent losses every time you trade.
For people who frequently use the internet, the stock investing has become trouble-free and even more interesting. People who are into online investing generate an online account through any online brokerage firm.
Know All About Form 16 – The 13 Components of Form 16 to Be an Informed TaxPayer
Editor's Note: This is a guest post from Ramalingam of Holistic Investment Planners
Most
of us are aware of Form 16 given by our employers before April 30th
each year that give details of the income earned, and tax deducted at
source and paid to the government. This certificate proves useful in filing income tax returns.
In addition banks also issuing Form 16 and Form16A to pension holders
and those that earn interest income, with no Form 16 required when TDS
is not deducted from salary. Knowing about Form 16 helps us to be a
well-informed taxpayer and do better tax planning.
The 13 components of Form 16 are:
1) PAN that stands for Permanent Account Number, a 10 digit alpha-numeric code that is generated by the Income Tax Department of India. It is mandatory for everyone- NRI, PIO & companies that wishes to conduct business, file and pay taxes, invest, buy and sell property, open a demat or bank account to have this number in India. The need
Most
of us are aware of Form 16 given by our employers before April 30th
each year that give details of the income earned, and tax deducted at
source and paid to the government. This certificate proves useful in filing income tax returns.
In addition banks also issuing Form 16 and Form16A to pension holders
and those that earn interest income, with no Form 16 required when TDS
is not deducted from salary. Knowing about Form 16 helps us to be a
well-informed taxpayer and do better tax planning.The 13 components of Form 16 are:
1) PAN that stands for Permanent Account Number, a 10 digit alpha-numeric code that is generated by the Income Tax Department of India. It is mandatory for everyone- NRI, PIO & companies that wishes to conduct business, file and pay taxes, invest, buy and sell property, open a demat or bank account to have this number in India. The need
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