Hey there, future investors! Exciting news if you’re interested in the stock market and jewelry—PNG Jewelers is launching its Initial Public Offering (IPO) tomorrow. So, let’s break down what this means and why it might be worth your attention. P N Gadgil Jewellers IPO opens for subscription on tomorrow (Tuesday, September 10). It has the highest number …
P N Gadgil Jewellers IPO – Everything you need to know Read More »
Chennai Super Kings Cricket Ltd (CSK)reports a 340% profit surge, expands into academies, and strengthens its business through diversification.
In recent years, digital assets like cryptocurrencies and non-fungible tokens (NFTs) have gained a lot of attention in India. With this popularity comes the question: how are these assets taxed? Let’s break it down in simple terms. What Are Digital Assets? Digital assets refer to items that exist in digital form. The most common examples …
Non-Resident Indians (NRIs) often face confusion regarding their tax obligations in India. The Income Tax Act, 1961, defines NRIs and outlines their tax liabilities. Here’s a simple guide to help you navigate NRI taxation. Who is an NRI? An NRI is an Indian citizen or a person of Indian origin who resides outside India for …
The National Pension Scheme (NPS) is a retirement savings scheme launched by the Government of India, designed to provide financial security after retirement. It is particularly beneficial for individuals looking to secure a stable income post-retirement while also enjoying tax benefits. What is NPS? NPS is a government-backed pension scheme that encourages individuals to invest …
Section 80-IAC of the Income Tax Act provides tax benefits to start-ups in India. This section aims to promote entrepreneurship by offering deductions to eligible companies. It thus makes it easier for them to grow and succeed. What is Section 80 IAC? Introduced in 2016, this section allows eligible start-ups to claim a tax deduction …
In India, the Income Tax Act provides various ways for taxpayers to manage their tax liabilities. One of the latest additions is Section 115BAC, which introduces a new tax regime designed to simplify the tax structure and potentially lower your burden. What is Section 115BAC? Section 115BAC was introduced in the Finance Act of 2020 …
If you’re looking to reduce your taxable income while contributing to a good cause, Section 80G of the Income Tax Act is something you should know about. This section allows you to claim a tax deduction for donations made to certain charitable organizations. This is designed to encourage philanthropy and also support for social causes …
#51 – On Donations to Charitable Institutions (Sec. 80G) Read More »
If you’re a student or have financed your education recently, Section 80E of the Income Tax Act, India, could be a valuable benefit for you. This section offers tax relief on the interest paid on education loans. Let’s break it down to understand how it works: What is Section 80E? This section provides a tax …
Deductions under Section 80C of the Income Tax Act is a crucial provision for taxpayers in India. It offers a way to reduce taxable income and, thus lower the amount of income tax you need to pay. This an important section that allows deductions for various types of investments and expenses. What is Section 80C? …