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Tax deduction

Tax Terms you must Know

As a responsible citizen of the country, it becomes the sole purpose of every single person to pay for the taxes that they are obliged to. But when it comes paying taxes people who are new to this may find a hard time dealing with some of those complicated tax terms. But don’t worry! We have got it covered. Here is a list of some of the important tax terms that you should know if you are paying taxes! Gross Income Gross income is defined as the total amount of income which is there before the deductions and taxes. There are various ...
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accounting asset

What are Assets and Liabilities?

An asset can be defined as something which carries some value which can be converted in the form of cash.  Assets are usually owned by either a single person or an entire company. Governments too own assets in different forms. Assets are used to generate profitable revenue and are beneficial in some way or the other.  Assets are generally of two types which are personal assets and business assets. In simple words, assets are basically anything and everything which can be tangible or intangible and which are owned or sometimes controlled ...
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Economy

A Study on Demonetization in India

The demonetization in India has a long history. It has taken place for three times now and every time it came with a purpose to get a curb over the circulation of the forged note in the Indian economy. This in turn would not only help remove the black money but also fight back corruption and also the practice of prevent the funding to the terrorist activities. Although the results of demonetization have been a mix of both advantages and disadvantages which we will find out below. History of demonetization The first one dates back to 1946 ...
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Tax deduction

Tax deductions that went away this year

Tax deduction is basically a type of reduction in the value of income which can be taxed. Being a result of all the expenditure, tax deductions are meant to reduce the taxable income by subtracting the tax credits from your own taxes. Now there are a lot many tax deductions that went away this year. Here is a list of some of these. 1. Bicycle Deduction Earlier the employees were reimbursed for tax free bicycle commuting expenses. Also the employer had the power to make a deduction if they offered the benefit. But now since the TCJA ...
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Stock

Stocks built to Thrive in the bear and bull Market

Stocks and the financial market: are the best ways to seek for the financial growth which helps to make one secure financially. There lies a condition wherein if stocks market prevails in a good way then there is sure way to get to the ladder of success. But f the stocks don’t return the way, they have been expected to return, then there is something which one definitely needs to think about. Before moving further, it would be great if everybody can be on the same page about the Bull and Bear market.  Bear market is the one which sees ...
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Working capital

When should you start thinking about Money?

Money! What! Are you trying to show off your assets or are you trying to be one of the coolest kids ever been on this planet! We know these are just few of the things one gets to hear, when they start thinking about earning money or start trying o fulfill their desire of becoming billionaire, from the very not so small yet taken to be small stage of a school student. But is it really good or is it really bad, to think about money in the years when you are still graduating? Or are you getting off-track in your head and will eventually end ...
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Working capital

Basic ways to Earn a little Money

Being a teenager with limited finances in your pockets and yet unlimited wants and needs constantly changing with time and trends, it becomes important to save.But why only save when you can also easily earn? Many a times, at this age earning seems like an impossible and unattainable choice that is likely just a waste of time. And yet, people all over the world make money like this. Through little and simple ways, using their talents and time to produce something worthwhile. Your productivity is challenged and this simple process of earning ...
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email marketing

Can email marketing earn you more readers?

Email marketing is still a very hot topic, and sometimes, it can be quite a controversial one. Some people claim that email marketing is becoming quite outdated, while others say that it is still as vital as ever. Regardless of your personal opinion, the facts and the numbers actually speak very clearly. There are several hundred million social media users out there. The number is certainly impressive, but it pales compared to the sheer amount of active email addressed receiving emails on a daily basis. In fact, there are over 3.4 billion of ...
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