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Is ULIP Tax-Free? Understanding the Tax Implications of ULIP Investments

Is ULIP Tax-Free? Understanding the Tax Implications of ULIP Investments

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Introduction: Unit Linked Insurance Plans (ULIPs) are a popular investment-cum-insurance product that offers individuals the dual benefits of life insurance coverage and market-linked returns. ULIPs...
Unabsorbed Depreciation: Understanding its Impact and Implications

Unabsorbed Depreciation: Understanding its Impact and Implications

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Introduction Depreciation is a crucial accounting concept that recognizes the decrease in value of tangible assets over time. It allows businesses to allocate the cost...
Unlocking Tax Savings in Rajkot: PF, FD, and Insurance Updates

Unlocking Tax Savings in Rajkot: PF, FD, and Insurance Updates

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Introduction Keeping abreast of the latest financial updates is crucial for optimizing tax-saving strategies. In Rajkot, a vibrant city in Gujarat, several recent developments have...
Understanding the Refundable Child Tax Credit: A Boost for Families

Understanding the Refundable Child Tax Credit: A Boost for Families

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Introduction In a bid to support families and provide financial relief, the government has introduced various measures over the years. One such measure that has...
Empowering Workers: The Make Work Pay Tax Credit (Refundable Portion)

Empowering Workers: The Make Work Pay Tax Credit (Refundable Portion)

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Introduction In an effort to promote economic stability and support the workforce, governments around the world have implemented various measures to ensure that hardworking individuals...
how to calculate professional tax in kerala

A Comprehensive Guide to Calculating Professional Tax in Kerala

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Introduction of Calculate Professional Tax in Kerala As a working professional in Kerala, it's important to have a clear understanding of the various taxes that...
Unlocking Bihar's Potential: Exploring the Prospects of Land Tax

Unlocking Bihar’s Potential: Exploring the Prospects of Land Tax

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Introduction In the quest for economic growth and development, governments often seek innovative approaches to generate revenue while simultaneously addressing societal needs. Bihar, a state...
professional tax calculation

Demystifying Professional Tax Calculation: A Comprehensive Guide for Professionals

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Introduction: Professional tax is a form of direct tax levied by state governments in India on individuals engaged in various professions, trades, and employments. It...
Unlocking the Benefits: Understanding Section 12A and Section 80G Tax Exemptions in India

Unlocking the Benefits: Understanding Section 12A and Section 80G Tax Exemptions in India

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Introduction: In India, there are various tax exemptions and benefits provided to charitable organizations and donors to encourage philanthropy and support social causes. Two important...
Section 80TTB of the Income Tax Act: Tax Benefits for Senior Citizens on Interest Income

Section 80TTB of the Income Tax Act: Tax Benefits for Senior Citizens on Interest...

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Introduction Section 80TTB of the Income Tax Act, introduced in the Union Budget 2018, aims to provide tax benefits to senior citizens in India on...