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Jammu and Kashmir Startup Policy 2024: A Comprehensive Overview

The Jammu and Kashmir Startup Policy 2024 marks a significant step towards fostering innovation and entrepreneurship in the region. This policy aims to create a vibrant startup ecosystem by providing necessary support and incentives to budding entrepreneurs. The policy is designed to nurture startups through various stages of their development, from ideation to scaling up. …

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New Opportunities for Retail Investors: Lower Minimum Investments in Indian Corporate Bonds

Understanding Corporate Bonds in India Corporate bonds are a type of investment where you lend money to a company in exchange for regular interest payments and the return of the initial investment after a certain period. These bonds are issued by companies to raise funds for various purposes like expanding their business, starting new projects, …

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Understanding Tax Exemption vs. Tax Deduction in India

Tax planning is a crucial aspect of personal finance management, helping individuals and businesses reduce their tax liabilities within the framework of the law. Two important concepts in this realm are tax exemptions and tax deductions. While both mechanisms serve to lower your taxable income, they function differently. This article elucidates the differences between tax …

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Understanding Dividend Tax in India for AY 2024-25

Dividend tax refers to the tax imposed on the income earned from dividends in India. For the Assessment Year (AY) 2024-25, there are certain key aspects to consider regarding dividend taxation in the country. 1. Dividend Distribution Tax (DDT) Prior to the financial year 2020-21, companies were required to pay Dividend Distribution Tax (DDT) on …

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Home Loan Deductions Available Under Income Tax Act for AY 2024-25

Home Loan Deductions Available Under Income Tax Act for AY 2024-25 When it comes to purchasing a home, many individuals opt for a home loan to fulfill their dream of becoming a homeowner. The Indian government provides certain tax benefits on home loans, which can help reduce the financial burden. Here are the home loan …

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ITR Forms Applicable in India for AY 2024-25

Income Tax Return (ITR) forms are documents that individuals and entities in India use to file their income tax returns. The forms vary depending on the type of taxpayer and the nature of their income. Here are the different types of ITR forms applicable in India for Assessment Year (AY) 2024-25: ITR-1 (Sahaj) ITR-1 is …

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Income Tax Slabs: New Tax Regime vs. Old Tax Regime in India

When it comes to income tax in India, taxpayers have the option to choose between the new tax regime and the old tax regime. Let’s take a closer look at the income tax slabs applicable for the assessment year 2024-25 under both regimes. New Tax Regime The new tax regime, introduced in 2020, offers lower …

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PAN Card: Features and Benefits in India

A PAN (Permanent Account Number) card is a unique 10-digit alphanumeric identification number issued by the Income Tax Department of India. It serves as a crucial document for various financial transactions and is mandatory for certain activities. Features of PAN Card: 1. Unique Identification: Each PAN card has a unique number assigned to an individual …

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Understanding Section 80EE of the Income Tax Act: Features and Benefits

Introduction:Section 80EE of the Income Tax Act is a provision that offers tax benefits to individuals on the interest paid on home loans. Introduced to encourage homeownership, this section provides an additional deduction over and above the benefits available under Section 24(b) of the Income Tax Act. Features of Section 80EE: Benefits of Section …

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Transforming Transactions: Digital Payment Banks in India – Features, Benefits, and Challenges

Introduction: In the dynamic landscape of India’s financial sector, digital payment banks have emerged as catalysts for change, revolutionizing the way individuals access and manage their finances. This article explores the distinctive features, myriad benefits, and the unique challenges faced by digital payment banks in the Indian context, showcasing their pivotal role in reshaping the …

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