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National Pension Scheme -Analysis 2022

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Deduction u/s 80 CCD For Contribution to Pension Scheme of Central Government.  1.  Where an assessee, being an individual employed by the Central Government on or after the 1st day of January 2004 or, being an individual employed by any other employer, or any other assessee, being an individual has in the previous year paid or deposited any amount in his account under a pension scheme notified or as may be notified by the Central Government, he shall, by, and subject to, the provisions of this section, be allowed a deduction in the computation of his total income, of the whole of the amount so paid or deposited as does not exceed: *  in the case of an employee, ten percent of his salary in the previous year; and *  in any other case, twenty percent of his gross total income in the previous year.   (1B) An assessee referred to in sub-section (1), shall be allowed a deduction in the computation of his total income, whether or not any deduction...
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15 Benefits of Investing in the United States-2023

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  15 Benefits of Investing in the United States:   1. Large and diverse economy: The United States has the largest economy in the world, with a GDP of over $20 trillion. It is also one of the most diverse economies, with industries ranging from technology and finance to agriculture and manufacturing. This diversity provides investors with a wide range of opportunities across different sectors and industries. Additionally, the US economy is known for its resilience and ability to recover quickly from economic downturns, providing a level of stability for investors. 2. Strong currency: The US dollar is considered a strong currency and is widely used as a reserve currency around the world. This means that it is widely accepted and in demand, providing investors with a level of security when conducting transactions. Additionally, the US dollar is relatively stable in comparison to other currencies, which can help to mitigate the risks associated with currency fluctuations. This ca...
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Top 10 ITR Filing Documents

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Your Comprehensive ITR Filing Checklist: Top 10 Documents for Tax Filing Success It’s that time of the year again – tax season is upon us! As you gear up to file your Income Tax Return (ITR), having a well-organized checklist of essential documents is key to a smooth and stress-free filing process. Let’s delve into the top 10 documents and best practices that make up your ITR filing essentials. 1. PAN Card: The cornerstone of your tax identity, ensure your Permanent Account Number (PAN) card is readily available. It’s a must-have for all tax-related transactions. 2. Form 16 – Your Salaried Lifeline: For employed individuals, Form 16 is your go-to document. Issued by your employer, it provides a detailed summary of your salary, deductions, and TDS (Tax Deducted at Source). 3. Bank Statements: Compile comprehensive statements from all your bank accounts. These statements serve as a financial trail, validating your income and expenditure. 4. Investment Proofs: Gather do...
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