A home loan makes your dream of possessing a house a reality. But you must also know that a home loan can give you several tax benefits.
After all, don’t you want to save a few bucks on those tax payments?
If you have recently taken a loan against property, you are eligible for tax deductions under the old tax regime. You can claim deductions on your EMI payments. The new tax regime, however, offers you a lower rate without any deductions.
Here are the tax benefits you can get on your home loan EMI payments ( if you choose the older regime).
Tax Deductions On The Principal Repayment
Well, your home loan EMI consists of two parts- the principal amount and the interest. Section 80C of the Income Tax Act, 1969 allows you to claim a tax deduction on the principal repayment. It is valid for your self-occupied house.
What if you have a second house and it is empty? It will also get considered as a self-occupied house. If you have taken loans against two houses, you can avail of tax deductions on both. However, the maximum limit is Rs 1.5 lakhs.
Have you rented your house? Don’t worry. The 80C deduction is available on a rented property as well.
Moreover, you can also claim a deduction on the cost of stamp papers and other registration charges.
Deduction On Interest Payments
Your home loan interest payments are also eligible for an income tax deduction.
You can claim a maximum deduction of Rs 2 lakhs on your taxable income in a financial year. If your interest payments exceed Rs 2 lakhs, the extra amount will not be liable for tax deductions. Section 24B of the Income Tax Act allows this deduction for self-occupied properties.
So, the next time you feel sorry about the interest payments, remember that you can get tax benefits from them.
Extra Tax On Buying An Affordable House
Have you bought a house under the affordable housing category? If you have, then you can claim an additional tax deduction of up to Rs 1.5 lakhs on the interest payment in a financial year.
This deduction is available over and above the deduction under section 24B. So, you get a total deduction of Rs 3.5 lakhs on your taxable income.
Isn’t that great?
This additional deduction is available under section 80 EEA of the Income Tax Act.
Whatever the tax benefits, you need to check the loan against property interest rates before applying. It will help you save more.
Deduction Under Section Section 80 EE
Are you a first-time home buyer?
Then there is good news for you. You can claim an additional deduction of Rs. 50000 on your taxable income for the interest paid on your home loan. Well, you can claim this deduction over and above the one under Section 24.
However, you cannot claim tax deductions under sections 80 EE and 80 EEA simultaneously. Moreover, this deduction under section 80 EE is not applicable if you have taken your home loan after 1st April 2017.
Now that you know of the amazing tax benefits on your home loan repayment, you will not miss them.
Do’s and don’ts of business networking
Business development is something that is a constant focus of most businessmen. There are many things that a businessman has to take care of in order to ensure that business is growing at a good pace. Among other things, networking is something that helps a business walk on the path of constant development and growth.
Talking about networking, it is like those necessary evils that when used adequately benefit you well. Now the ability of good networking is not something a person is born with. One has to over the course of time develop the skills of developing healthy and beneficial relationships.
Well, developing the skill to build good relations takes time and practice. There is a lot one learns from experience and so today we will be talking about the do’s and don’ts of business networking.
In networking events, do not hesitate to be the one who approaches first. Networking events are held so that you can meet new people and make new connections. Often people go to networking events hoping to meet some new people and so they go to such events by themselves.
You can feasibly approach someone and start off a conversation politely. All you have to do is be a little confident and clear with what you say and you will be good to go. You don’t need to worry about anything, you just need to approach and see where things go.
Use Social Media Carefully
Your presence on social media as a business plays an important role in what impression you leave on your audience. When you connect to people through social media you have to be careful with the content you post on your handle.
You have to remain professional all the time and ensure that you avoid getting involved in any political or offensive content. Apart from that, you also need to be active on your social media regularly so that you keep your audience active as well.
Listen And Learn
One of the most important factors of networking is listening. The whole point of networking is connecting with people that benefit us and learning from them for our own betterment. At networking events, people are often promoting themselves. However, if you choose to listen instead, people are more likely to value you and remember you.
Apart from that, listening has its own benefits, the more you listen to people you get to know different perspectives and opinions that help you form your approach. Moreover, it is listening to others or rather more experienced people that help you learn.
Neglect Business Cards
Networking and marketing go hand in hand. We all know that a business card is the most basic tool one can use for marketing or even networking. Exchanging business cards is something that has been around since the very beginning and is still considered one of the best ways to exchange information.
However, with the developments in technology, these cards seem to be neglected. However, you need to make sure that you don’t make the mistake of neglecting these business cards. When it comes to staying put with technology you can always use a virtual business card.
It is often a tendency of people to be a little pushy when you really want to crack a deal or form a good connection with someone. However, this forceful nature of being overly persistent will cause more harm when trying to make a connection.
Being forceful often promotes aggression and makes people lose interest very quickly. One needs to have a sense of when to stop insisting on a conversation. All you need to do is be as patient as possible and wait till you get a positive response. Other than that, being pushy is pretty contradictory to being professional.
The last thing you want in networking is not knowing what to do. Let’s say if there is a business event or a networking event that is filled with opportunities to meet new people and build new connections, and you don’t have enough information about it, doesn’t sound good, does it?
Well, this is exactly why you should always be prepared for any business or networking event. You need to have a good idea about what you need to know from others and what you need to tell them about yourself. Lastly, you don’t want to find yourself caught short on information that would have benefited you otherwise.
The 10 Best Sites That Are Like Afterpay
Have you used Afterplay before? Although they offer the great benefit of making purchases, receiving your products now and paying later, there are other options that you can also consider if you want to try another platform with similar services. Some of the factors why people start looking for alternatives to this popular app is the improved customer service level, an interface that is more intuitive to use or due to the fact that they have built a good and reliable brand. In this article you will see a series of payment gateways similar to Afterpay, as well as a practical short review.
Although this app is more expensive to use, they offer the option to buy now and pay later without having to worry about the interest, as long as you pay your installment plan before the previously accorded due date.
2. PayPal Credit
Just as you may imagine, this version of paypal gives you the flexibility to buy those things you probably can’t afford just now, you can get your order now and pay over time, just consider that the services of this app are more expensive.
3. G2 Deals
This is another buying software that takes pride in being cheaper than its competitors, and they have built a trusted business among users, plus they offer extra benefits to their customers.
If you are looking for a fin tech solution that allows you to put your finances in order through their online services, you might consider this alternative. They have a great interface but it’s more expensive than Afterpay.
This payment gateway provides the common payment methods and focuses on giving their users outstanding support. At Klarna, they will do an amazing job to meet or exceed your expectations and their app is in general very easy to use.
Considered as a suitable alternative if you are looking for a company who offers services at a worldwide level. By using this app your payments will be required on a monthly basis instead of the 2-week period provided by Afterpay.
They will offer you the flexibility of splitting the total charge of your purchase in four parts and pay for them later. Although this is a more expensive deal, you will enjoy a better built app as well as more dedicated customer service.
This is the best option overall in our rank, thanks to the set of benefits you will enjoy with this payment gateway provider. If you want to have the freedom of scheduling your payments without any kind of setup charge or monthly/annual fees, this is your go to. Plus, your transactions will be protected by their FraudGuard service, which you get for free.
9. Go cardless
An online payment tool that delivers what they offer, you can learn how to use it very fast and the customer service is wonderful. Just keep in mind that there is a 1% fee per transaction.
Just like the name describes it, it will allow you to buy things now and pay later without needing a credit card. While they are reliable and the app has a friendly interface, their service is more pricey.
Ways to Use Brochures to Advertise your Brand
Custom brochures are the most significant marketing tool for your brand. Many companies are advertising their brochures to create a sense of familiarity with their brand and provide information about their services as a way to initiate and develop relationships with potential customers.
Why use brochures?
A brochure can be an effective way to get a message across. Most companies spend heavily on brochures because they know that brochures have the power to sell their brand and make money. A compelling brochure can have many forms like direct mail, postcards, and more. The value of the content can easily be increased by designing it for social media.
Tips for Looking Trendsetting
Occasional updates to your existing marketing material can help you improve how your brand is perceived, how long it takes someone to reach a decision on purchase, and how likely they are considering a purchase. Staying on top of trends with the use of brochures can also boost prospects for high return, low-cost marketing campaigns.
Use Product Brochures
If you need to establish your brand, improve the effectiveness of your marketing campaigns with brochures. They can be produced in a plethora of ways and may serve several roles depending on the needs of your campaign. A used as a marketing tool to knock doors your product can be displayed or just provide important information like contact info or product specifications.
How to design a product brochure?
Product brochures are a part of marketing strategy for any company. Many businesses opt to include a brochure that features their company as well as an individual product. Designing an eye-catching brochure is time consuming and takes more than just your typical type of fonts and layout. You’ll need to consider what colors you want your design to be made in, what will appeal most to your audience, etc.
What paper choices are there for your custom brochure?
There are several different choices when it comes to publishing your custom brochure. You can choose from glossy or other fine-grained papers, or print on a website that offers an interactive design like infographics, papers woven in transit and much more. To tailor your marketing strategies with certain materials, think about what message you would like to convey the world with your custom brochure. Choose between the glossy paper for high-quality printing, or the matte finish for consumer convenience when you need to manage multiple copies on-the-go.
Tip for Look Trendsetting
Brushing your teeth is one of the simplest ways to change up your appearance, but the easiest way to see a noticeable difference in how others look at you might be by changing up brochures. You want people to read them for hours on end and leave with a heartfelt message about how awesome you are and what your brand does for them, right? So go out of your way to make these things as eye-catching as possible. Use bright colors, slick paper, large fonts and more and watch as competitors turn green with envy!
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