Paying taxes on time is the responsibility of the taxpayer citizens of India. But sometimes, individuals do wish for tax exemptions to release some financial burden. To help individuals, the Government provides tax exemption under Section 10 of the Income Tax Act. Section 10 of the Income Tax Act (ITA) specifies that some incomes are […]
Loan Types Offered Micro LoansMicro Bazaar LoansSmall Enterprise LoanSamriddhi LoanTerm LoanWorking Capital LoanLoan against Property Loan Amount Rs.1,000 up to Rs.10 crore Loan Tenure 1 year up to 15 years Interest Rate 15%-19.5% p.a. Bandhan Bank is an Indian banking and financial services company that was established in 2001. This non-banking financial company (NBFC) has
The Agriculture Department of the Rajasthan Government is pleased to announce the Mahatma Jyotiba Phule Mandi Shramik Kalyan Yojana. This program is designed to enhance the lives of mandi workers within the state. The Yojana offers a comprehensive suite of benefits, including healthcare services with a focus on medical insurance coverage. Furthermore, the program extends
Indian Visa is an official document issued by the Indian government to every foreign individuals (except for individuals from the visa-free countries) who wish to visit India for various purposes. India is an incredible country that has relentlessly attracted people from all over the world to explore the tourist, business, educational, spiritual, job, and many
Mutation records do not confer the title of a property on anyone and the ownership has to be established independently, in a declaratory suit, the Supreme Court has opined. This reiteration by the SC came, while rejecting a special leave petition filed by the Bruhat Bengaluru Mahanagara Palike. In 2019, too, the SC had, while
Aadhaar Card in India serves as an important evidence for identity and address verification. Therefore, the government of India has also introduced aadhaar cards for children below the age of five years, known as the Baal Aaadhar Card. It is issued by the Unique Identification Authority of India (UIDAI) and is linked to the aadhaar
Section 80TTA is a part of the Indian Income Tax Act introduced in 2013, aimed at providing tax relief to individuals and Hindu Undivided Families (HUFs). It allows a deduction of up to Rs.10,000 from the taxable income for interest earned on savings accounts held with banks, cooperative societies, or post offices. This provision encourages savings and financial
A partnership firm is formed when two or more individuals agree to share profits and losses according to a predefined ratio. However, there are occasions when partners may choose to dissolve the firm, effectively closing the business Dissolving a partnership firm means discontinuing the business under the name of the said partnership firm. In this case,
New Delhi, Jan 2 (PTI) The government on Thursday said it has constituted an 18-member working group, under the chairmanship of NITI Aayog Member Ramesh Chand, to revise the Wholesale Price Index (WPI) base year from 2011-12 to 2022-23. The revision of the base year helps in presenting a more realistic picture of the price
According to the Income Tax Act of 1961, there are some organisations that are eligible for tax exemptions. Tax exemptions are made available to organisations that do not operate for profit, such as Section 8 businesses, charitable trusts, and NGOs. Institutions formed in India that are not operating for profit are eligible for such exemptions
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