Discover and read the best of Twitter Threads about #taxbenefits

Most recents (4)

Unlock the Vault: ๐Ÿ—๏ธ
Hidden Tax Benefits for Indian Startups to Boost Growth ๐Ÿ‡ฎ๐Ÿ‡ณ๐Ÿš€

Namaste! ๐Ÿ™
Many Indian startups overlook valuable tax benefits as per the Indian Income Tax Act and other relevant acts, leaving lakhs or even crores of rupees unclaimed. ๐Ÿ’ฐ๐Ÿ“‰
Example 1: R&D tax benefits (Section 35 of Income Tax Act) ๐Ÿงช๐Ÿ”ฌ

Innovative Indian startups can claim tax deductions for their research and development activities, allowing them to reinvest in their business and accelerate growth. ๐Ÿ’ก๐Ÿš€
Example 2: Carry forward losses (Section 72 of Income Tax Act) ๐Ÿ’ผ๐Ÿ“ˆ

Don't let initial business losses hold you back!

Carry forward those losses for up to 8 years to offset future profits, easing the burden during expansion and growth phases. ๐ŸŒฑ๐Ÿ“Š
Read 7 tweets
Here is this Weekโ€™s Market Wrap

'The Times Get Taxing' written by @shyamsek

A Thread (1/n)

#tax #investing #taxbenefits #marketwrap
Investment decisions can be taken based on tax implications. There is a natural tendency among investors to be drawn to investments where they feel taxes are lower. (2/n)

#taxes #investments #investors
When the tax concessions are withdrawn for certain investments, they tend to look less attractive to investors. (3/n)

#taxconcession #investing
Read 15 tweets
Entrepreneurs, are you tired of paying hefty taxes?

Don't worry! We got you covered!

Check out these top tax-saving tips that can benefit your business and your bottom line. (1/n)

#entrepreneurs #taxes #taxsavings #taxtips
#1 Hire Family Members & Relatives:

You can reduce your tax liability by paying salaries to family members, which are tax-deductible. Their income may also be below the taxable threshold. (2/n)

#tax #taxexemption #taxliability
#2 Deduct Business Expenses for Travel & Accommodation:

Business travel expenses such as tickets and accommodation can be deducted from your taxable income, thus reducing your tax liability.

#taxliability #businessexpenses #deductions
Read 14 tweets
If you are looking for an efficient investment to save tax in India, this is for YOU!

The BEST way is to invest in ELSS Mutual Funds. You can save up to โ‚น46,800 in taxes under Section 80C!

Here is how! (1/n)

#ELSS #mutualfunds #taxexemption #thread
Every year in March, as the financial quarter comes to an end, there is a rush to invest in tax-saving funds.

And with the quarter end so near, let's look at why ELSS is so popular as a tax saving scheme. (2/n)

#ELSSfunds #taxsavings #investment
What is ELSS Fund?

ELSS fund, or Equity Linked Savings Scheme fund, is a tax-saving scheme that allows you to save tax while investing for your long-term goals. (3/n)

#savetax #financialgoals #taxsavingschemes
Read 18 tweets

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