What is the Presumptive Taxation Scheme?
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Wondering what the Presumptive Taxation Scheme is? It is actually a tax scheme where you need to presume your taxable income for the next year. Yes, you read that right – you will have to presume. Let’s understand this scheme in depth. This post will…
Sovereign Gold Bond: What are the Tax Implications on SGBs?
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Understanding the tax implications of investing in Sovereign Gold Bonds (SGBs) is crucial for investors seeking to optimize their financial strategies. Introduced by the Government of India, SGBs provide a unique investment avenue with features that may have implications on taxation. This exploration delves into…
Why You Should Pay Your Federal Taxes With Your Credit Card
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Once again, it’s that time of the year when tax season approaches, and if you’re similar to the majority of individuals, you likely feel apprehensive about the idea of writing a check to the government. However, what if I informed you that there’s an opportunity…
Equity Linked Saving Schemes (ELSS): Everything you need to know
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Equity Linked Saving Schemes (ELSS) are a type of mutual fund investment that offer tax benefits to investors in India. They are designed to provide both capital appreciation and tax savings. ELSS funds invest a major portion of their corpus in equity and equity-related securities…
Relieve Interest Burden from Home Loans
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It’s a dream come true for anyone to own their own home. The Indian government has always been willing to allow people to invest in a home. Therefore, under Section 80C, a house loan is entitled to a tax deduction. So when you buy a…