Even if the procedure and terms of loan advances from banks and other financial institutions have been made more flexible in recent years, large segments of the population still lack the financial capacity to secure a traditional loan.
Continue readingTax shelter: Crime or Intelligence
Tax shelter can be understood as a method of reducing one’s taxable income as a way to reduce one’s taxes. It is a slick way of paying low taxes and still following the tax guidelines laid down by the government.
Continue readingIPR: Patent pools and competition law
In today’s era of modernisation, both intellectual property rights (IPR) and competition law are crucially relevant. It is often said that IPR and competition law are contrary to each other however this might not be the reality as the primary aim of both IPR and competition law is the accumulation of wealth. Patent pools can be understood as “the agreement between two or more patent owners to licence one or more of their patents to one another or the third party.”
Continue readingTaxation of life insurance policy
For those with dependent family members, purchasing a life insurance policy is critical. The policy will help you safeguard your parents’, spouse’s, and children’s financial futures. Insurance firms in India provide a wide range of options when it comes to obtaining an appropriate life insurance policy.
Continue readingTax rules that apply to your Equity Linked Saving Scheme ( ELSS ) investments
Diversified equity funds are known as ELSS Funds. These funds typically invest in equities of publicly traded firms in a predetermined proportion based on the fund’s investment goal.
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