Around 500 million or roughly 50% of the total Indian population belongs to the working class. India being a developing nation, some darker social elements, especially poverty, are still in the process of eradication. Millions of people earn enough only to survive by fulfilling their basic needs. But there are millions more who earn enough to save for the future.
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Tax saving is a complicated subject for most people, as they do not clearly understand that there are more layers to tax-saving than only the exemptions available on your investments.
With the right knowledge, not only you will pay the correct tax on your investments, but also know how to tax proof the income and actually create an asset out of your tax saving.Download Mutual Fund Investment App:Android: https://play.google.com/store/apps/details?id=com.iw.imperialmoneyIOS: https://apps.apple.com/in/app/imperial-money-mutual-funds/id1512971398 First of all, consider your capital as a liquid asset that does a better job with continuous investments, rather than being stagnant in the bank.
Tax saving is a thoroughly discussed subject in the Indian constitution as well, where the tax savings investments are protected under Section 80C.
There are various other schemes and allowances mentioned, like:HRA,Home Loans,LTA,Section 80D,Reimbursements,National Pension Scheme (NPS)Interest on education loan (Section 80E)Rajiv Gandhi Equity Savings Scheme (Section 80CG)House rent allowance (Section 80GG)Medical treatment under Sec 80DDB.SukanyaSamariddhi accountChildren’s tuition feesRead more...
If yes, then it will be easy for you to grow money successfully.
You need to read several blogs, magazines, follow experts, and subscribe to the newsletter from different sources.Are you afraid of taking the next step for your investment?
Now it's your choice what you want to do, lose money or study to become one of the intelligent investors.If you are interested to get knowledge about the smart ways to choose stocks for investing for consistent returns, you are at the right spot.
In this article, we will cover steps to select stocks and avoid loss.Step 1: About CompanyYou need to find the answer to the question, whether your selected company has good fundamentals or not.
Although it describes the past performance and does not guarantee that it will perform the same, it increases the chances of success.The second approach for analyzing a company is a newsletter or monthly advisory service.
To find such companies, analyze are their products, do they have good sales even now.Step 3: Company ManagementManagement is one of the most important pillars of investment.
Your self-funded resource pool has covered all your expenses for the past 6-8 months.
At this point, one has to consider raising funds through investments.
Sooner or later, most small businesses and startups look for funding and find investors.
Let us look at some of the funding options available to you as a small enterprise.
Such funding has been able to bring numerous investors and entrepreneurs together, even though they might be geographically far removed.
If your product is solving a real problem and you illustrate thinking outside the box, you greatly increase your chances of successful crowdfunding.
