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Showing posts from July, 2023

Is depreciation allowable on purchase of fixed assets by cash, Which used for bussiness purpose?

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 Yes!, depreciation is allowable on purchase of asset for business purpose by cash, subject to certain conditions. The asset must be used for the business or profession of the assessee, and it must be owned, wholly or partly, by the assessee. The asset must also have a useful life of more than one year. However, there is a restriction on claiming depreciation on assets purchased in cash. Section 43 of the Income Tax Act, 1961, disallows the capital expenditure incurred in cash for certain specified assets, including fixed assets. This means that if you purchase an asset for your business in cash, you will not be able to claim depreciation on the cost of the asset. There are a few exceptions to this rule. For example, you will still be able to claim depreciation on assets purchased in cash if the amount of the expenditure does not exceed Rs. 20,000. You will also be able to claim depreciation on assets purchased in cash if the asset is used for scientific research or for the purpos...
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Is depreciation allowable on purchase of fixed assets by cash, Which used for bussiness purpose?

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 Yes!, depreciation is allowable on purchase of asset for business purpose by cash, subject to certain conditions. The asset must be used for the business or profession of the assessee, and it must be owned, wholly or partly, by the assessee. The asset must also have a useful life of more than one year. However, there is a restriction on claiming depreciation on assets purchased in cash. Section 43 of the Income Tax Act, 1961, disallows the capital expenditure incurred in cash for certain specified assets, including fixed assets. This means that if you purchase an asset for your business in cash, you will not be able to claim depreciation on the cost of the asset. There are a few exceptions to this rule. For example, you will still be able to claim depreciation on assets purchased in cash if the amount of the expenditure does not exceed Rs. 20,000. You will also be able to claim depreciation on assets purchased in cash if the asset is used for scientific research or for the purpos...
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All about Cryptocurrency : What is Cryptocurrency?, How does it works? Which crypto transaction liable to tax in India? Is TDS Applicable on it? Etc.

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 Cryptocurrency is a form of digital or virtual currency that uses cryptography for security. Unlike traditional currencies issued by governments and central banks (e.g., US Dollar, Euro, etc.), cryptocurrencies operate on decentralized networks based on blockchain technology. Bitcoin, introduced in 2009, was the first and remains the most well-known cryptocurrency, but there are now thousands of different cryptocurrencies with various features and use cases. ✓  Here's how cryptocurrencies work at a high level: Decentralization: Traditional currencies are controlled and regulated by central authorities like governments and banks. In contrast, cryptocurrencies operate on decentralized networks of computers (nodes) spread across the globe. These networks use consensus mechanisms (e.g., Proof of Work or Proof of Stake) to validate and record transactions. Blockchain Technology: The core of most cryptocurrencies is blockchain, a distributed and immutable ledger. A blockchain consi...
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इंडिया यूथ प्रोफेशनल वीज़ा यूके में चयन प्रक्रिया क्या है?

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  इंडिया यंग प्रोफेशनल्स स्कीम (IYPS) वीज़ा के लिए चयन प्रक्रिया दो चरणों वाली है: ऑनलाइन आवेदन और मतपत्र: आवेदकों को पहले एक ऑनलाइन आवेदन पूरा करना होगा और मतपत्र दर्ज करना होगा। मतपत्र एक यादृच्छिक चयन प्रक्रिया है, और इसमें चुने जाने की कोई गारंटी नहीं है। मतदान साल में दो बार जनवरी और जुलाई में होता है। आवेदन करने का निमंत्रण: यदि आप मतपत्र में चुने जाते हैं, तो आपको वीज़ा के लिए आवेदन करने का निमंत्रण प्राप्त होगा। आपको निमंत्रण प्राप्त होने के 6 महीने के भीतर अपना वीज़ा आवेदन और सहायक दस्तावेज़ जमा करने होंगे। ✓ IYP वीज़ा के लिए पात्रता मानदंड निम्नलिखित हैं: आपको एक भारतीय नागरिक होना चाहिए। आपकी उम्र 18 से 30 साल के बीच होनी चाहिए. आपके पास स्नातक की डिग्री या समकक्ष योग्यता होनी चाहिए। आपके पास बचत के तौर पर £2,530 होना चाहिए। IYP वीज़ा के लिए प्रसंस्करण समय आम तौर पर 3 सप्ताह है। हालाँकि, यदि आपका आवेदन जटिल है या आपको साक्षात्कार में भाग लेने की आवश्यकता है तो इसमें अधिक समय लग सकता है। ✓ IYP वीज़ा के लिए चयन प्रक्रिया में शामिल चरण यहां दिए गए हैं: अपनी पात्रता की जांच...
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दिमाग को तेज़ बनाने के लिए क्या करना चाहिए?

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 मस्तिष्क की तीव्रता और संज्ञानात्मक कार्य में सुधार के लिए जीवनशैली में बदलाव और मानसिक व्यायाम का संयोजन शामिल है। मस्तिष्क के स्वास्थ्य को बढ़ाने और अपने दिमाग को तेज़ रखने में मदद करने के लिए यहां कुछ रणनीतियाँ दी गई हैं: 1. नियमित व्यायाम: नियमित शारीरिक गतिविधि में संलग्न रहें, क्योंकि यह मस्तिष्क में रक्त के प्रवाह को बढ़ावा देता है, संज्ञानात्मक कार्य को बढ़ाता है और संज्ञानात्मक गिरावट के जोखिम को कम करता है। 2. मानसिक उत्तेजना: मानसिक रूप से उत्तेजक गतिविधियों, जैसे पहेलियाँ, क्रॉसवर्ड, शतरंज, सुडोकू, पढ़ना, या एक नया कौशल या भाषा सीखना, के साथ अपने मस्तिष्क को चुनौती दें। इन गतिविधियों में शामिल होने से मस्तिष्क को सक्रिय और चुस्त रखने में मदद मिलती है। 3. स्वस्थ आहार: फलों, सब्जियों, साबुत अनाज, स्वस्थ वसा (ओमेगा -3 फैटी एसिड) और दुबले प्रोटीन से भरपूर संतुलित आहार का सेवन करें। ये पोषक तत्व मस्तिष्क के स्वास्थ्य के लिए आवश्यक हैं। 4. हाइड्रेटेड रहें: पूरे दिन पर्याप्त पानी पिएं, क्योंकि निर्जलीकरण संज्ञानात्मक कार्य को प्रभावित कर सकता है। 5. गुणवत्तापूर्ण नींद: सुनिश...
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वसीयतनामा क्या हैं? और वसीयत बनाते समय किन बातों का ध्यान रखना चाहिए?

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  वसीयतनामा लिखित दस्तावेज़ होते हैं जिनमें किसी व्यक्ति की मृत्यु के बाद उसकी संपत्ति और संपत्तियों के वितरण के संबंध में उसकी अंतिम इच्छाएं शामिल होती हैं। सरल शब्दों में, वसीयतनामा वसीयत का पर्याय है। वे व्यक्तियों को यह निर्दिष्ट करने की अनुमति देते हैं कि उनकी संपत्ति, धन और अन्य संपत्तियों का उत्तराधिकारी कौन होगा, साथ ही नाबालिग बच्चों के लिए अभिभावक नियुक्त करने और अन्य प्राथमिकताएं व्यक्त करने की भी अनुमति देते हैं। वसीयत (वसीयतनामा) बनाते समय, यह सुनिश्चित करने के लिए कई महत्वपूर्ण बातों को ध्यान में रखा जाना चाहिए कि यह कानूनी रूप से वैध है और आपके सच्चे इरादों को दर्शाता है। यहां विचार करने योग्य कुछ प्रमुख बिंदु दिए गए हैं: 1. कानूनी आवश्यकताएँ: सुनिश्चित करें कि आपकी वसीयत आपके अधिकार क्षेत्र की कानूनी आवश्यकताओं को पूरा करती है। वसीयत के संबंध में कानून देश और राज्य के अनुसार अलग-अलग हो सकते हैं, इसलिए एक योग्य संपत्ति नियोजन वकील से परामर्श करना महत्वपूर्ण है। 2. निष्पादक: एक निष्पादक नियुक्त करें जो आपकी संपत्ति का प्रबंधन करने और आपकी मृत्यु के बाद आपकी इच्छाओं ...
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Water is how much precious.

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  See the below mentioned video, which explains that water is how much extant precious. Hence, kindly don't waste water .
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Benefits of Investing in Mutual Funds

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 Mutual funds offer several benefits to investors. Here are some of the key advantages: Diversification: Mutual funds pool money from multiple investors and invest it in a diversified portfolio of securities, such as stocks, bonds, and other assets. This diversification helps spread the risk across different investments, reducing the impact of any individual security's performance on the overall portfolio. Professional Management: Mutual funds are managed by experienced investment professionals who analyze the market, research investment opportunities, and make informed decisions on behalf of the fund's investors. This relieves individual investors of the burden of directly managing their investments. Accessibility: Mutual funds are easily accessible to individual investors with various investment amounts. They offer the flexibility to invest small or large sums of money, making them suitable for both beginner and seasoned investors. Liquidity: Mutual funds provide liquidity t...
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What is Mutual Fund? And how does it work?

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  Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of securities, such as stocks, bonds, or a combination of both. They are managed by professional fund managers who make investment decisions on behalf of the investors. Here's how mutual funds generally work: Fund Creation: A mutual fund is created by an asset management company (AMC) that designs the fund's investment objective, strategy, and guidelines. These details are outlined in a document called the prospectus. Investor Contributions: Investors purchase units or shares of the mutual fund by investing a certain amount of money. The price of each unit is determined by the net asset value (NAV) of the fund, which is calculated by dividing the total value of the fund's assets by the number of units outstanding. Portfolio Management: The fund manager, along with a team of analysts, researches and selects securities that align with the fund's investment...
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What are the types of visas?

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  There are two main categories of visas: nonimmigrant visas and immigrant visas. Nonimmigrant visas are for people who are visiting the United States temporarily for a specific purpose, such as tourism, business, study, or medical treatment. Immigrant visas are for people who are coming to the United States to live permanently.   ✓  There are many different types of nonimmigrant visas, each with its own specific requirements. Some of the most common types of nonimmigrant visas include: B-1/B-2 Tourist Visa: This visa is for people who are visiting the United States for tourism or business purposes. F-1 Student Visa: This visa is for people who are coming to the United States to study at an accredited school. J-1 Exchange Visitor Visa: This visa is for people who are coming to the United States to participate in an exchange program. H-1B Visa: This visa is for people who are coming to the United States to work in a specialty occupation that requires a bachelor's degree o...
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How to start affiliate marketing?

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 To start affiliate marketing, you can follow these steps: Choose a niche: Decide on the area you want to focus on for your affiliate marketing efforts. It could be a topic or industry that you are knowledgeable or passionate about. Research affiliate programs: Look for affiliate programs that align with your chosen niche. Many companies and online platforms have affiliate programs that offer commissions for referring customers or generating sales. Select affiliate products or services: Once you've identified some affiliate programs, choose specific products or services that you want to promote. Consider the relevance, quality, and value of the products to your target audience. Build a platform: Establish an online presence where you can promote the affiliate products. This could be a website, a blog, a YouTube channel, or social media accounts. Creating valuable content related to your niche will attract and engage your target audience. Create high-quality content: Produce content...
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શું એવા કોઈ પ્રાણાયામ છે કે જે રોગમાં લાભદાયી નીવડે ?

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 હા! ચોક્કસ છે! જેને તમે નિયમિત કરો તો તમારા સ્વાસ્થ્ય અને રોગ સામે લડવાની તાકાત આપે છે. જેની જાંખી નીચે મુજબ છે.:
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વેગોને રોકવાથી કાયા રોગોનો સામનો કરવો પડે છે?

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 વેગોને રોકવાથી નીચે મુજબની સમશ્યાનો સામનો કરવો પડે છે:
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How can I improve my English?

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  Improving your English skills takes time and practice, but with dedication and the right strategies, you can make significant progress. Here are some tips to help you improve your English: Build your vocabulary: Expand your vocabulary by learning new words and phrases regularly. Read books, newspapers, and online articles in English, and make a note of unfamiliar words. Use dictionaries and vocabulary-building apps to learn their meanings and how to use them in context. Practice speaking and listening: Engage in conversations with native English speakers or join language exchange programs to practice speaking and listening skills. Listen to English podcasts, watch movies or TV shows in English, and try to immerse yourself in the language as much as possible. Read extensively: Reading helps improve your vocabulary, comprehension, and overall language skills. Read a variety of materials, such as novels, newspapers, magazines, and online articles. Start with easier texts and gradu...
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How can I take care of my eyes?

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  Taking care of your eyes is important for maintaining good vision and overall eye health. Here are some tips to help you take care of your eyes: Get regular eye exams: Regular eye exams are crucial for detecting any potential vision problems or eye diseases early on. It is recommended to have a comprehensive eye exam every 1-2 years, especially if you wear glasses or contact lenses. Protect your eyes from UV rays: Prolonged exposure to ultraviolet (UV) rays from the sun can increase the risk of eye conditions such as cataracts and macular degeneration. Wear sunglasses that block 100% of UVA and UVB rays whenever you are outdoors, even on cloudy days. Take breaks during prolonged screen time: If you spend a lot of time working on a computer or staring at digital screens, follow the 20-20-20 rule. Every 20 minutes, look away from your screen and focus on an object about 20 feet away for 20 seconds. This can help reduce eye strain and prevent computer vision syndrome. Maintain pro...
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Which part of egg is good for health?

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  Eggs are a nutritious food source and provide various health benefits. Different parts of the egg offer distinct nutritional profiles. Here's a breakdown of the main components of an egg and their health benefits: Egg Yolk: The yolk contains most of the egg's nutrients and is rich in vitamins, minerals, and healthy fats. It is a source of vitamins A, D, E, and K, as well as B vitamins, including folate and B12. The yolk also contains essential minerals like iron, zinc, phosphorus, and selenium. Additionally, it contains choline, a nutrient important for brain health. Egg White: The egg white, or albumen, is primarily composed of water and protein. It is low in calories, cholesterol-free, and a good source of high-quality protein. Egg whites provide all the essential amino acids, making them a complete protein. They are also low in fat and contain minerals like potassium, magnesium, and sodium. Both the yolk and the white have their benefits, but it's important to note th...
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KEY HIGHLIGHTS OF INDIAN UNION BUDGET 2023-2024 : PERSONAL INCOME TAX ASPECTS

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Five major announcement made by the hon'ble finance minister of India Smt. Nirmala Sitharaman during the union budget presented at parliament are as follows: For Middle Class People * Following changes is applicable only for the person, who opting new tax regime U/s. 115BAC (1A)  ✓ Increase Limit of Rebate U/s. 87(A) : Under New Tax Regime  Resident individual with total income up to ₹. 5,00,000 do not pay any tax due to rebate under both old and new regime. It is proposed to increase the rebate for the resident individual under the new regime so that they do not pay tax if their total income is up to ₹. 7,00,000. ✓ Changes in Tax Slab system opted U/s. 115BAC(1A) : Under New Tax Regime  Substantial relief is proposed under the new regime with new slabs and tax rates as under: Total Income (₹)                           Rate (per cent)  • Upto 3,00,000             ...
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Happy Navratri 2020 Highlights : Navratri Started from Today (17th October,2020) , It's Start and End Date, Significance, Best wishes and images

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  Happy Navratri 2020 Highlights : Navratri Started from Today (17th October,2020) , It's Start and End Date, Significance, Best wishes and images "I HOPE THAT MAA DURGA GOT VICTORY ON PANDEMIC CORONAVIRUS." India is a country of varied cultures and traditions. Navratri means group of one-night, which is special for all hindusiam. A nine-day Hindu festival that falls in the month of autumn, Navratri is dedicated to the different forms of Goddess Durga. Devotees worship nine avatars of the Goddess during these nine days. A nine-day Hindu festival that falls in the month of autumn, Navratri is dedicated to the different forms of Goddess Durga.Devotees  worship nine avatars of the Goddess during these nine days. Navratri is the sign of goods over evil. Navratri is celebrated during the Hindu calendar month of Ashvin, which usually falls in the Gregorian months of September and October. In 2020, the festival of Navratri will start on 17 October and will go on till 25 October....
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