Angels, you won't have to pay tax now
but others would...
Hi, what’s up? Welcome back to the 3rd edition of Bharat.Inc! Let’s start with a positive thought:
“Harmony with nature is the secret to a healthy life.”
Harmony with the natural world is fundamental to a healthy and balanced life. It encourages an alignment with nature, recognizing the symbiotic relationship between humans and their environment.
Now, let’s get started with the 2024 budget session…
🎯 Top Headlines for the Day
Gold prices dropped over 5%
Prabhas' ‘Kalki 2898 AD’ collects Rs 20 crore
Bharat's business activity surged to a three-month high in July
💸 How Much Tax Will You Have to Pay?
Look at this 👆 chart carefully. It seems like the new tax regime will help you save Rs 17,500! But, there’s a lot more to it.
Since the announcement of Budget 2024, the Internet has been going wild. The most famous dialogue going viral is that this budget is not in favor of the ‘middle class.’
What does this mean? A content creator has shared this chart 👇 to help understand the situation better.
While the reality can be bitter sometimes, you should learn how to manage your income smartly.
The best way is by investing, as it not only gets you tax exemptions but also offers long-term capital gains. Groww suggests the following investments and mentions the exemptions that you can expect. However, the deduction limit is subject to change.
👏 BTW, this is the BEST time to start your own business
In her budget speech, Finance Minister Nirmala Sitharaman declared the end of the notorious "angel tax" for all investors. But, what's this angel tax anyway?
Introduced in 2012, it was supposed to crack down on money laundering. But instead, it became a party pooper for startups and investors alike. How? By taxing investments that tax officials thought were overvalued. This mismatch led to startups getting taxed through the roof, making it a total buzzkill for those trying to raise capital.
But wait, there’s more!
Sitharaman also unveiled plans for a shiny new $120 million venture capital fund to turbocharge India's space economy. It's part of a broader push to fuel innovation and entrepreneurship across the board. So, whether you're into rockets or rockin' startups, there's something exciting on the horizon 🚀
⚠️ Hold UP
Bharat.Inc believes that growth comes from support. So, here’s an open call to all the business owners to get themselves featured RIGHT HERE!
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That’s it for today, folks! We will be back again tomorrow with more valuable insights about ‘Bharat in Business.’ Till then, trade well & take care!
