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Concept of Marginal Relief under Income Tax Act ➡️Income Increased by Rs.1 and Tax Increased=Rs.1,31,250 There is a concept in income tax i.e Marginal Relief which says if income is increased beyond threshold limit and surcharge is applicable which is more the increase in income, then this rule applies as discussed in video. It is applicable to all for whom the surcharge is applicable such as Individual, Firm, Companies etc. But in this video, we covered the example only for individuals. #incometax #directtax #taxation #incometaxindia #finance #taxsavings #tips #reelitfeelit #trendingreels #viralreels #insta #instareels #government #income #trendingnow

👀Watch this to earn more than 100% on your investment 😍

⭐ Sovereign Gold Bond Pre-mature Redemption: This SGB series can be withdrawn at 111.5% higher than the issue price. ➡️ The premature redemption price of SGB 2017-18 Series X will be Rs.6,295/unit, according to press release by RBI dated 1st Dec, 2023. ➡️ SGBs are issued for for 8 years; however, Premature Withdrawal can be done after the 5th year from the date of issue of interest payment dates. ➡️The redemption price of SGBs shall be based on simple average of closing gold price of 999 purity of previous 3 business days from the date of redemption as published by the Indian Bullion and Jewellers Association Ltd (IBJA). ➡️ Accordingly, the redemption price of pre-mature redemption due on 4th December , 2023 shall be Rs.6,265/unit of SGBs based on simple average of closing gold price of 3 business days i.e November 29, 30, December 1,2023 as per the press release. ➡️ This particular SGB 2017-18 series X was issued at Rs 2,961/gram on December 04, 2023. ➡️So the absolute return comes to Rs.6,265- Rs.2,961= Rs.3,304 (without factoring interest) ➡️ Return in percentage terms :{(Rs.3,304/Rs.2,961)*100}= 111.5839%. #sgb #gold #bond #investment #redemption #rbi #soveriegngoldbonds #trendingnow #viralreel #reelit #reelitfeelit❤️❤️ #finance #taxpert_navi #taxsavings #government #charteredaccountant #caaspirants #taxsavings

🤔 Why Rent Agreements generally for 11 months?

➡️The major reasons for creating only a 11- month rent agreement are as below.

📌No Registration Required: An 11-month rent agreement doesn't need to be registered. As per section 17 of the Registration Act, 1998, a registration of the rental agreement for 1 year or more is compulsory.

📌No Additional Charges: Based on the Rent Control Act, for creating a 11-month rent agreement, the parties involved need not to pay any stamp duty and registration charges. They can also renew such agreements easily using stamp duty paper of Rs.100 when deciding to extend the rental contract.

📌 Greater Rental Flexibility: An 11-month rent agreement format offers more flexibility to the landlord and the tenant. As they can review the monthly rental amount based on the market conditions and their financial preferences, in less than a year's time.

➡️Legal Validity of 11-month Rent Agreement Format

📌 An 11-month rent agreement is legally valid in court and can be considered as evidence in case of any disputes.

📌Such rent agreement formats should be created on stamp duty paper of Rs.100.

📌They should be duly signed off by the tenant and landlord.

📌There should be 2 witnesses to the agreement. The witnesses need to add their ID proof document, and their signature to make the rental agreement valid.

❤️❤️

🤔 Why Rent Agreements generally for 11 months? ➡️The major reasons for creating only a 11- month rent agreement are as below. 📌No Registration Required: An 11-month rent agreement doesn't need to be registered. As per section 17 of the Registration Act, 1998, a registration of the rental agreement for 1 year or more is compulsory. 📌No Additional Charges: Based on the Rent Control Act, for creating a 11-month rent agreement, the parties involved need not to pay any stamp duty and registration charges. They can also renew such agreements easily using stamp duty paper of Rs.100 when deciding to extend the rental contract. 📌 Greater Rental Flexibility: An 11-month rent agreement format offers more flexibility to the landlord and the tenant. As they can review the monthly rental amount based on the market conditions and their financial preferences, in less than a year's time. ➡️Legal Validity of 11-month Rent Agreement Format 📌 An 11-month rent agreement is legally valid in court and can be considered as evidence in case of any disputes. 📌Such rent agreement formats should be created on stamp duty paper of Rs.100. 📌They should be duly signed off by the tenant and landlord. 📌There should be 2 witnesses to the agreement. The witnesses need to add their ID proof document, and their signature to make the rental agreement valid. #rent #rental #agreement #property #stampduty #registered #goverment #reelitfeelit❤️❤️ #trendingnow #viralreels #viralaudio #trendingreels #instagram #taxpert_navi #financegoals #financetips #taxation #stockexchange

👀Watch this video before buying gold

➡️Tips to avoid gold jewellery scams! 📌 Always check for the hallmarks. Gold jewellery in India is required to be hallmarked by the Bureau of Indian Standards (BIS). Check the video to know 3 things you need to see on your gold jewellery. 📌Take the receipt (Invoice). The receipt should include weight, purity, and price of the jewellery. 📌Ensure to check the weight of the jewellery in front of of you. 📌 Buy from the reputed jewelers. 📌Be aware of common scams. #goldjewellery #scams #gold #bis #hallmark #karat #purity #reelitfeelit❤️❤️ #viralreels #trendingnow #instagram #taxpert_navi #financetips

70 hours a week 👀 #narayanmurthy #infosys #itsector #technology #newsupdate #workinghours #corporate #indians #job #indianjobs #corporatejob #mncs #professional #taxpert_navi #viralpost #trendingtopic #instagrampost #financetips

Have you ever wondered about CUTE TAX 😊

🤔What is Cute Tax🐥👀 📌 Follow for more such amazing content 😀 #taxation #airport #airlines #cute #charges #fare #finance #airportauthorityofindia #government #reelitfeelit #trendingreel #trendingnow #viralreels #insta #taxpert_navi

🫰 Banks will pay you Rs.5,000 everyday
📢RBI New Guideline
📌This move will come into effect from December 1, 2023.

🪙Banks will pay you Rs.5,000 everyday 📈RBI New Guideline ➡️The move will come into effect on December 1, 2023 #rbi #banking #banks #guidelines #loan #documents #finance #notification #money #reelitfeelit❤️❤️ #reelit #viralreels #viral #trendingnow #trendingreels #insta #fine #penalty #charges #educationloan #taxpert_navi #newsupdate #governmentofindia

🫰 Fake Currency Note from the ATM.
👀 Watch this video till the end to replace it.

🫰Fake Currency from ATM ➡️If you receive fake note from the ATM- 📌Show it then and there to the CCTV camera in the ATM clearly 📌Inform the security gaurd there about it and ask him to record it. 📌Make sure to collect the receipt of your transaction. 📌 Inform the bank about the fake note received from the ATM. 📌 Bank will verify the details and update you about the refund. 📢 Fake currency note is a punishable offence under the IPC section 489C. This can lead to imprisonment from 7 years to even life imprisonment depending upon the crime. #indianrupee #fake #counterfeit #banknote #indianlaw #governmentofindia #fakecurrency #bank #atm #fraud #scamalert #reelitfeelit #viralreels #trending #insta #instareels #taxpert_navi #financetips #taxpert_navi

💑No More Big Fat Weddings!
🤔 Do we say goodbye to big fat Indian weddings as the government proposes some restrictions on weddings to save waste of food and hard-earned money.

💒No More Big Fat Weddings in India! 👀 Do we say goodbye to big fat Indian weddings as the Indian government considers to bring new regulations considering food wastage and to save hard-earned money. 📽️ Watch the video till end and share your thoughts in comments. #wedding #bigfatindianwedding #simplewedding #food #wastage #sustainability #savemoney #financegoals #government #parliament #punjab #reelitfeelit #trendingnow #instagood #weddingdress #weddingphotography #weddingmakeup #weddinglook #weddingvenue #taxpert_navi

Watch this video to avail 10-20% discount on Samsung Products 😍

🛍️Avail 10-20% discount on Samsung Products. 🔗ICAI and Samsung has tie up. 📌CA Members and CA Students can avail discount on Samsung Products. 📌 CA member to enter their membership number as code. 📌CA Students to enter first 5 digit of their date of birth. 📌Enter your registered mobile number. You will receive OTP on it. Do enter the OTP and enjoy the discount. ➡️Do follow taxpert_navi for more such updates. #samsung #icai #camember #charteredaccountant #caaspirants #discountshopping #electronics #homeappliances #reelitfeelit #viralreels #trendingnow #instagram #taxpert_navi #financetips

Did you hear termites ate Rs 18 lakh cash? 📌Below mentioned are the new bank locker rules set out by RBI:➡️ Only jewellery and important documents can be kept in bank locker.➡️ Cash and illegal items...

Watch this video before traveling abroad.

✈️🧳 Travelling Abroad and searching for Forex card? 📽️ Watch this video before applying for forex card. 🏦 Look for IDFC First Bank WOW Credit Card. 📌 Global multi-currency forex card-Rs.0/- FX charge and accepted at worldwide. 📌 Deposit -backed super premium card offering abundant rewards and great merchant offers. 📌Card which offers up to 100% cash withdrawal of your FD value, which pays continuous interest on FD. 📌No joining fees as well as lifetime free card. 📌Earn 4x reward points on every transaction. @idfcfirstbank 📝**Disclaimer: This video is only for educational purposes, do your own R&D before applying this card. #idfcfirstbank #creditcard #travelabroad #travel #finance #financetips #financegoals #wow #savemoney #travelhacks #reelitfeelit❤️❤️ #viral #viralreels #trendingreels #trendingnow #insta #instagram #taxpert_navi