It provides a solid foundation for a knowledge base on taxation, covering both theoretical and practical elements.
Investment planning is an essential aspect of financial management, especially for middle-class families. With the new financial year, A.Y. 2022-23, just around the corner, it’s important to start thinking about how to make the most of your hard-earned money. In this blog post, we will discuss some effective investment strategies and options that are suitable […]
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as per Part “C” of Schedule II of the Companies Act, 2013 after making following assumptions: The useful life to compute depreciation of the asset has been taken as per Part C of Schedule II The residual value of an asset has been taken as 5% of the original cost of the asset as per
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1. Investment in Sukanya Samriddhi Yojana for Tax Saving for AY 2022-23 & 2023-24 Sukanya Samriddhi Account is a Government of India backed saving scheme targeted at the parents of girl children. The scheme encourages parents to build a fund for the future education and marriage expenses for their female child. The Sukanya Samriddhi Yojana
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Sukanya Samriddhi Account is a Government of India backed saving scheme targeted at the parents of girl children. The scheme encourages parents to build a fund for the future education and marriage expenses for their female child. The Sukanya Samriddhi Yojana (SSY) was launched by PM Narendra Modi in 2015, as part of his Beti
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A Post Office Savings Account is one of the most popular and accessible savings accounts in India. The minimum opening amount as well as maximum balance that can be retained is Rs. 500. The interest rate being offered for this account is 4.00% p.a. It can also be opened by a minor above the age
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The Government of India’s Department of Posts, Ministry of Communications, offers fixed deposit accounts that oiler attractive interest rates with tenures that range from 1 year up to 5 years. The interest is payable annually with the minimum deposit being Rs.1,000 and no maximum limit. Post Office Fixed Deposit Rates Deposit Tenure Post Office FD
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Is one of the most well-known investment schemes offered by the India Post. While the scheme is open to all individuals, it is particularly popular in rural and remote areas of the country that are relatively under-banked and have limited access to investment products. Post Office Time Deposit Scheme Interest Rates The Indian Finance Ministry
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The Post Office has been a trusted place for depositing and transacting with money. This is especially true for the elder generation. A number of saving schemes are offered by branches of the Post Office across the country. Post Office Monthly Income Scheme is one such scheme where you invest a certain amount and earn
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SCSS is a savings product available for senior citizens aged 60 or above. On the date of opening an SCSS account, the subscriber must be 60 years old or above. However, age relaxation is provided to certain categories of individuals. With the SCSS account, senior citizens can receive quarterly interest on deposits up to Rs.
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The Public Provident Fund (PPF) scheme is a very popular long-term savings scheme in India because of its combination of tax savings, returns, and safety. The PPF scheme was launched in 1968 by the Finance Ministry’s National Savings Institute. The main objective of the scheme is to help individuals make small savings and provide returns
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