Running a startup comes with its fair share of challenges—managing funds, building a team, finding customers… and yes, paying taxes. But did you know there’s a way your startup can avoid paying any income tax for 3 years? Yes, you read that right. If your startup is officially recognized by DPIIT (Department for Promotion of Industry and Internal Trade), you can apply for something called the 80-IAC tax exemption. Once approved, your startup won’t have to pay income tax for three consecutive financial years within its first 10 years of operation. Why it matters: Getting this certificate is a one-time…
Author: Swastik Gupta
Calculating and reporting their own income tax obligations to the tax authorities, individuals and companies use tax self-assessment. This is a vital step in India fulfilling your tax responsibilities, particularly if your income is not totally covered by tax deducted at source (TDS). Whether your business is small, you are a freelancer, salaried employee, investor, or small business owner—knowledge of tax self-assessment will help you avoid penalties and guarantee accurate tax filing. Tax Self Assessment: Definition Calculating your income tax liability on your own before submitting your income tax return (ITR) is known as tax self-assessment. It entails figuring your…
A short term savings account is a financial tool meant to let you earn interest while saving money for a brief period. For travel, emergencies, or other short-term financial goals—that is, for funds you might need soon—these accounts are perfect. Banks and financial companies in India provide short term savings accounts with features including easy access, flexible deposits, and competitive interest rates. This guide will discuss the advantages of short term savings accounts, their operations, and pointers on selecting the best one. Define short term savings accounts. Designed to let you easily deposit and withdraw money while paying a meager…
Not always is filing your taxes costly. Using the correct tools and information will help you to file your taxes without paying any fees by leveraging free tax return preparation. Whether your business is small, you are self-employed, salaried, or a salaried employee—there are several free ways to finish your tax returns. This guide will go over the best tools and techniques for free tax return preparation as well as help you keep compliant with tax laws and save money. Why Would One Want Free Tax Return Preparation? If your tax situation is simple and clear-cut, choosing free tax return…
Money market yields are the returns or interest paid on money market investments. Treasury bills, commercial papers, certificates of deposit, and repurchase agreements form short-term, low-risk debt securities used in money market instruments. Investing in money market instruments mostly serves to preserve capital and yield meager returns. This guide will go over what money market yields are, how they are computed, and why a conservative investment strategy depends on them. Definition of Money Market Yields Money market yields are the income produced from short-term debt instrument investments. Usually stated as an annual percentage, these yields represent the return an investor…
Investors wishing to boost the income from their portfolios often make use of high yield bond funds. Though they pay better interest rates to offset the higher risk, these funds mostly invest in lower credit-rated corporate bonds. If you are ready to accept a little more risk in order to earn better returns, high yield bond funds could be a fantastic addition to your investing plan. Let’s investigate what high yield bond funds are, their benefits and disadvantages, and how you might best use them. Discuss High Yield Bond Funds High yield bond funds, also known as mutual funds or…
Particularly with changing tax laws and rules, tax filing can feel burdensome. One will be able to file taxes in 2025 with a clear understanding of the new rules, exemptions, and filing methods. Whether your business is run, you are a salaried worker, or an individual taxpayer, staying current on tax filing requirements will help you maximize your refunds and prevent penalties. This guide will walk over filing taxes in 2025 in India in great detail. Why is filing taxes vital? Not only is paying your taxes required legally; they also constitute an essential part of financial planning. The following…
An ETF for corporate bonds is an exchange-traded fund with primary investments in corporate bonds. These ETFs provide a means of investing in a diversified portfolio of bonds issued by several companies with their consistent income from interest payments. Investing in a corporate bond ETF is a great choice for people trying to effectively control risk and produce consistent income. This guide will walk over what a corporate bond ETF is, how it works, and why you might wish to add one to your portfolio of investments. List a Corporate Bond ETF A corporate bond ETF is an ETF for…
Managing several financial elements is part of running a business; among them, handling taxes is absolutely vital. Making sure your company follows tax rules and reduces tax obligations depends much on a business tax accountant. This guide will go over who a business tax accountant is, why they are so important, and how to pick the correct one for your company. A Business Tax Accountant is: A business tax accountant is a financial expert focused in tax preparation, planning, and filing for companies. They assist companies legally lower their tax obligations by knowing local, state, and national tax laws. Hiring…
An income tax preparer is a professional helping people and companies to file their income tax returns. Hiring an income tax preparer can save time, lower stress, and guarantee accurate filing in India, where tax laws can be complicated and always shifting. Having an expert at your side will help the whole process go more smoothly, regardless of your tax status—personal or business owner. An income tax preparer is: An income tax preparer’s responsibilities consist of: Why Should You See an Income Tax Preparer? Especially given the complex rules involved, filing income tax returns can be taxing. These are some…
