Partner at D P S A &...ย โขย 1y
AVOID this mistake WHILE taking deduction of interest (saving +fixed deposit)in your ITR๐ด๐ด๐ด๐ด๐ด Since ITR Season is around, highlighting common confusion โก๏ธFor Individual & HUF - We can take a max deduction of 10,000 on interest from a savings account, Coop Bank, and Post Office. Please note this deduction is not applicable on interest from fixed deposits. โก๏ธOnly for Resident Senior Citizen (above 60 yrs) can claim deduction of Rs 50,000 from the interest income earned from any bank deposits, including fixed deposits
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ZeroBizzย โขย 2m
๐กHow Do Banks Really Work? Here's a Simple Visual Guide! ๐ฆ 1๏ธโฃ Banks take deposits from customers at ~4% interest. 2๏ธโฃ They lend that money to borrowers at ~10% interest. ๐ฐ The 6% spread is their profit. ๐ Key Banking Terms You Should Know:
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Madhapar: Gujaratโs Hidden Gem of Unbelievable Wealth( Richest village in the world): - Location: Madhapar, Kutch district, Gujarat, India. - Wealth: Bank deposits worth Rs. 5,000 crore (approx. $670 million USD). - Population: Over 92,000 residen
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zomato profits are from fd Zomato recently reported a net profit of โน39 crore, primarily attributed to earnings from fixed deposits (FDs). Specifically, the company earned โน252 crore from FDs while incurring an operational loss of โน213 crore. This f
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Exploring Negative Interest Rate Policy (NIRP) Have you ever wondered about central banks setting interest rates below zero? This is known as Negative Interest Rate Policy (NIRP). Here's a quick look at this unconventional monetary tool: โ๏ธ What is i
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