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Cautiously Optimistic

DNMUM412181 | 4/16/2018 | Author : Priyanka Golikeri | WC :595

Tax concessions on investments up to `10 crore will ease the flow of funds into the ecosystem, accelerate innovation, technology adoption and growth

It’s time to be optimistic, albeit in moderation.
Start-ups received a slight pat on the back when the government recently announced that they can avail full tax concessions on investments of up to Rs 10 crore that they have got from investors including angels. This means that start-ups can seek out tax concessions under Section 56 of the I-T Act by applying for a merchant banker certificate from the Inter-Ministerial Board (IMB) that has been set up by the Department of Industrial Planning and Promotion (DIPP).
According to Harsh Shah, co-founder of online fashion platform Fynd, this move will certainly boost support towards start-ups and will witness more activity from angel investors towards the sector.
Angel investors come i
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Don’t get swayed by news while investing
DNMUM430410 | 1/22/2019 12:00:00 AM | Author : Anuj Shah | WC :333

For most past of January 2019, the Nifty 50 index continued to consolidate between 10,600and 10,950 and we believe this trend to continue for a few more sessions. Even positive news flows from global as well as domestic news flows didn’t help the Nif
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Sticking to financial resolutions is not impossible
DNMUM430411 | 1/22/2019 12:00:00 AM | Author : Arun Thukral | WC :460

According to a study, saving money is one of the top five New Year’s resolutions but is also one of the most commonly failed one. If you too find it difficult to see your financial resolutions through, below are a few steps to help you stay on track:
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Make sure you claim these tax exemptions
DNMUM430412 | 1/22/2019 12:00:00 AM | Author : Kumar Shankar Roy | WC :1206

It is not just investments that can help you save tax. There are various payments that everybody does throughout the year that can help you get chunky income tax exemptions. It is important to keep original receipts so that you can use them to claim
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Start-up ideas get wings at IIT Bombay’s E-Summit
DNMUM430413 | 1/22/2019 12:00:00 AM | Author : DNA Money Correspondent | WC :502

Mumbai: From corporate giants to new-age ventures in attendance, IIT Bombay’s E-Summit was a potpourri of events that comprised a job fair, a start-up expo, competitions, workshops and sessions with prominent speakers, investors, industrialists and p
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