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 4m
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:
See Moreextraordinary is jus...ย โขย 2m
The rich avoid taxes with a strategy called โBuy, Borrow, Dieโ, by using assets as collateral to borrow money, and write off interest as a tax deduction Step 1: Buy assets (hold to avoid taxes from selling) Step 2: Borrow money at low interest rate
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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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Hey I am on Medialย โขย 7m
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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