As declared in the Budget 2017, Finance Minister Mr. Arun Jaitley has made changes to the cost inflation provision and accordingly, new cost inflation index (CII) numbers used for calculating capital gains with indexation have been notified by the Central Board of Direct Taxes (CBDT). The base year for the cost inflation index has been […]
SoftwareSuggest, one of India’s leading business software discovery and recommendation platforms, has given MProfit the awards of “Budget Friendly” and “Customer’s Choice”. We at MProfit are very proud of this achievement and would like to thank the entire MProfit team and all the stakeholders and especially our valued clients for helping us earn these awards. […]
What are sovereign gold bonds? As part of the gold monetisation scheme launched by Prime Minister Narendra Modi in November 2015, sovereign gold bonds are issued by the Reserve Bank of India (RBI) on behalf of the government. They are a replacement for physical gold and are available in paper or demat form. Which sovereign […]
The landscape of doing business in India has significantly changed in the last one year following two major events, demonetisation and the launch of the Goods & Services Tax (GST). Both measures are expected to have a lasting positive impact on the Indian economy. GST has come into effect on July 1, 2017 and is […]
One of our users, Nooresh Merani has written an in-depth review of MProfit on his website. “This is one of the software I have been using for the last few years and have found it very simple and effective to use for tracking an equity portfolio. But i believe it has a lot of features […]
The Indian family office A family office is an organisation that manages investments and trusts for one or many high net-worth families. Family offices are of two types: single family offices (SFOs) and multi-family offices (MFOs). While families of high net-worth individuals (HNIs) often use services provided by wealth managers and private bankers, they often […]
PenguWIN® Wealth Management Consulting and PenguWIN Investment Services are professionally managed firms headed by Sendhil Madhivathanan and Sathya Sendhil. They have been using MProfit Advisor to manage clients’ portfolios for the past three years. Here is Sendhil’s review about MProfit: “I have been using the 200 users Advisor Version of MProfit for close to 3 […]
MProfit offers several features to help investors better manage their investments. In addition, MProfit also offers an integrated accounting module that auto-creates accounting vouchers and ledgers from investment transactions. This helps investors quickly and effortlessly complete preparation of an entire year’s accounts. MProfit’s accounting module has been very popular and we have been continually enhancing […]
MProfit wishes you a prosperous 2017! 2016 has been quite a year to remember not because of the US elections, but because of what else happened that day… the demonetization of the Rs. 500 and Rs. 1000 rupee notes. Within hours of the announcement Prime Minister made it impossible to use large notes. It was […]
