legal suvidha providers

BUDGET 2023: ENHANCEMENT OF 1+YEAR ON EV BATTERIES

ENHANCEMENT OF 1+YEAR ON EV BATTERIES UNDER SUBSIDY   An electric vehicle (EV) is a type of vehicle that runs on electricity, instead of gasoline or diesel fuel. It uses an electric motor and a rechargeable battery to power the vehicle, which can be charged from an external source or generated onboard through regenerative braking. …

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Old Tax Regime or New Tax Regime? Which one is Beneficial

BUDGET 2023: OLD TAX REGIME OR NEW TAX REGIME In the Budget 2023, Finance Minister Nirmala Sitharaman proposed to make the new income tax regime the default tax regime for taxation purposes. However, taxpayers will continue to have the option to avail the benefit of the old tax regime. This means, if an employee does …

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Everything about Deductions claimed under section 80GG

FORM 10BA: DEDUCTIONS CLAIMED UNDER SECTION 80GG   What is Form 10BA? Form 10BA is a statement to be recorded by a taxpayer who needs to maintain a tax deduction under Section 80GG for rent, settled on rental property. To claim the deduction under section 80RRB the following prerequisites have to be fulfilled: The taxpayer should not …

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National Saving certificate

Want to save on taxes? Learn how to claim deductions on your National Savings Certificate (VIII)

What is a National Savings Certificate (VIII) and Why it Can Help You Save on Taxes? National Savings Certificate (NSC) is a popular savings instrument offered by the Government of India. It provides an opportunity to save taxes as well as earn an attractive rate of interest. NSC VIII can be used for both short-term …

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National Savings Monthly Income

Want to save for the future? Learn how to claim tax deductions on your National Savings Monthly Income Scheme

What are Tax Deductions and How Do They Work? Tax deductions are a great way to save money on your taxes. They allow you to reduce the amount of taxable income you report on your tax return, resulting in a lower tax bill. Deductions can be claimed for a variety of items, such as charitable …

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Monthly Income Scheme

Want to save on taxes? Learn how to claim deductions on your Monthly Income Scheme

What is the Monthly Income Scheme & How Can You Claim Deductions? Monthly Income Scheme is a tax-saving instrument provided by the government of India. It allows taxpayers to save taxes by investing in fixed deposits with banks or post offices. The scheme offers a variety of benefits, including tax deductions and regular income for …

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Senior Citizen Savings Scheme

Want to save on taxes? Learn how to claim deductions on your Senior Citizen Savings Scheme

What is the Senior Citizen Savings Scheme and How It Can Help You Save Taxes? Senior Citizen Savings Scheme (SCSS) is a government-backed scheme designed to help senior citizens save money for their retirement. It offers attractive tax benefits and a guaranteed return on the amount invested. This scheme can be used by senior citizens …

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Sukanya Samriddhi Yojana

Have a girl child? Learn how to claim tax deductions on your Sukanya Samriddhi Yojana contributions

 Sukanya Samriddhi Yojana and How Does it Benefit Parents with Girl Children? Sukanya Samriddhi Yojana is a special savings scheme launched by the Government of India to promote the welfare of girl children in India. The scheme offers parents with girl children a unique opportunity to save money for their daughters’ future by investing in …

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Monthly Income Scheme

Want to save for your retirement? Learn how to claim tax deductions on your Monthly Income Scheme

What is a Monthly Income Scheme and How Does it Help with Retirement Savings?  Monthly Income Scheme (MIS) is a type of investment plan that helps individuals save for retirement by providing them with a fixed monthly income. It is an ideal option for those who want to ensure a steady and reliable income in …

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National Savings Recurring Debit Account

Want to save for the future? Learn how to claim tax deductions on your National Savings Recurring Deposit

What is a National Savings Recurring Debit Account and Why Should You Care National Savings Recurring Debit Account is an easy and secure way to save money for the future. It allows you to set up regular, automated payments from your bank account into a savings account which earns interest over time. This type of …

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