Trade Theory

1. Who is a Senior Citizen for Tax Purposes? In India, the Income Tax Act defines senior citizens based on age: Category Age Tax Benefit Senior Citizen 60-80 years Higher basic exemption limit (₹3 lakh) Super Senior Citizen 80+ years Highest exemption (₹5 lakh) Key Notes: 2. Income Tax Slabs for Senior Citizens (2024-25) For … Read more

1. Who is Considered a Freelancer/Self-Employed? Freelancers or self-employed individuals earn income through independent contracts, gig work, or professional services without being on a company’s payroll. This includes: Key Difference from Salaried Employees: Table of Contents 2. Which ITR Form Should Freelancers Use? ITR Form Who Should File? ITR-3 Freelancers with business income (even if no profit) … Read more

The process of filing an Income Tax Return (ITR) is a crucial annual obligation for salaried individuals in India. This document aims to provide a detailed, step-by-step guide for the 2024 assessment year, covering essential aspects from understanding the necessity of filing to claiming appropriate deductions and avoiding common errors. Necessity of ITR Filing for … Read more

What is ITR? Income Tax Return (ITR) is a form where taxpayers declare their income, deductions, and tax payments to the Income Tax Department of India. Filing an ITR is essential for individuals and businesses earning above a specified threshold. The Indian tax system requires every eligible taxpayer to submit their ITR annually to ensure … Read more

Introduction In a major humanitarian act, President Ferdinand Marcos Jr. and UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan approved clemency for 115 Filipino convicts in the UAE. This decision aligns with Ramadan’s spirit of mercy and Eid Al Fitr celebrations, reinforcing the UAE’s commitment to compassionate justice and strong Philippines-UAE relations. Key Highlights ✔ 115 Filipinos granted clemency (April 2024)✔ Follows 143 pardons during Eid-Al-Adha 2023 and 220 during … Read more

Introduction: The Making of an Investment Legend Charlie Munger, the brilliant mind behind Berkshire Hathaway’s success alongside Warren Buffett, crafted one of the most remarkable wealth-building stories in modern finance. Unlike flashy Wall Street traders or tech billionaires, Munger’s path to riches was built on old-fashioned virtues: patience, discipline, and sharp thinking. This in-depth guide … Read more

Few figures in finance and investing have left as profound a mark as Charlie Munger, the late vice chairman of Berkshire Hathaway and Warren Buffett’s longtime partner. Beyond his investment acumen, Munger was renowned for his sharp wit, multidisciplinary thinking, and no-nonsense wisdom. Among his most enduring contributions are his commencement speeches, particularly his 2007 USC Law School … Read more

Before Munger, Warren Buffett followed Benjamin Graham’s “cigar-butt” investing—buying cheap, mediocre stocks for short-term gains. Munger shifted this approach, advocating: “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.” Key Data & Shifts Munger Brought to Investing Metric Before Munger After Munger’s Influence Investment Horizon … Read more

The administration of Jammu and Kashmir has affirmed the consistent dispersal of salaries to personnel employed within the region’s Industrial Training Institutes (ITIs). This confirmation was articulated by Deputy Chief Minister Surinder Kumar Choudhary during a session of the Legislative Assembly, in response to an inquiry raised by Member of the Legislative Assembly (MLA) Daleep … Read more

Introduction Charlie Munger, Warren Buffett’s right-hand man and vice chairman of Berkshire Hathaway, passed away on November 28, 2023, at age 99. His death marked the end of an era in value investing, but his principles on rational thinking, business, and life remain timeless. This article examines: 1. Early Life and Career Key Milestones Year Event … Read more