In budget 2019-20, new tax deduction benefits up to 1.5 Lakh is announced by the government. This new tax deduction benefit is applicable under new section 80EEA for the home loan interest rate payments. The main objective behind giving this relaxation is housing for all or affordable housing by 2022. The new tax deduction benefit will help a taxpayer in saving a lot of money at the longer run.
Key features, eligibility condition and benefit of this new income tax deduction are given below.
Section 80EEA – Income Tax Deduction on Home Loan Interest
Features of Section 80EEA deduction
Additional tax deduction up to 1.5 Lakh for interest paid on loans taken up to 31st March 2020.
This benefit is extended under new section 80EEA. It is an additional benefit on the top of 2 Lakh benefit extended by section 24.
The maximum tax deduction on interest amount paid for home loan will be 3.5 Lakhs. 2 Lakh under section 24 and 1.5 Lakh under section 80EEA.
The deduction will be available on loans taken up to 31st March 2020.
The benefit will be given only on the interest component of the home loan.
The tax deduction is applicable on entire home loan tenure.
This benefit will be extended only to the first time homeowners. You should not be owner of any other house at the time of sanction to avail this benefit.
The stamp duty value of a home should be 45 Lakhs or less.
The deduction under this scheme is available only to the individuals. HUF, company or any other kind of taxpayer cannot claim benefit under this section.
In order to claim this benefit the property should be self-occupied and affordable.
To claim this benefit, the individual must have taken the loan from the financial institution or bank. The loan sanction should be between 1st April,2019 to 31st March,2020.
This tax deduction can be claimed for by individual as well as joint home loan borrower. The joint home loan borrower can individually claim this benefit.
The above benefit is not applicable for the commercial properties.
You need to submit home loan interest certificate in order to claim this benefit.
Section 80EEA and Section 24
Section 24 of the income tax act allows homeowners to claim a deduction up to 2 Lakh on their home loan interest payment. The owner or his family should reside on this property to avail this benefit. The same treatment is applicable if the house is vacant. If it is let out you can claim entire home loan interest as a deduction.
Section 80EEA is a new section introduced for the first time home buyer. If you are able to meet eligibility conditions mentioned in the eligibility section above you can claim an additional 1.5 Lakh tax deduction benefit on home loan interest payment.
Maximum Tax Deduction benefit on Home Loan Interest = 2 Lakh (Section 24) + 1.5 Lakh (Section 80EEA)
Example
Rakesh works in pune in IT company. He lives in pune in a rented house. He purchased property in Surat. His father and family members live in a newly purchased house. He is buying a home for the first time, so he can take benefit of section 80EEA. The cost of a home is 45 Lakh and. He purchased this home by taking a home loan of 40 Lakh in May 2019.
The monthly EMI of this property is Rs.37000. The total of EMI for FY2019-20 will be 4.07 Lakh. This includes principal payment of 0.3 Lakh and 3.77 Lakh of interest component.
As it is self occupied house and fulfilling condition of section 80EEA, Rakesh can claim 3.5 Lakh as tax deduction while filing Income tax return. He will need a home loan interest certificate from bank to avail these benefits.
How to make money on Instagram? It is one of the most popular questions asked by many people. So, today let’s try to get an answer to this question.
Instagram is one of the most popular social networking platforms. Millions of people all over the world use Instagram for socializing and sharing photos. In addition to socializing, Instagram is used by many people to make money online. If you are planning to make money on Instagram here is a complete guide including the best strategies and ideas to monetize your Instagram account.
Follow the steps given below to make money from Instagram.
Create Instagram Account
The first step towards making money via Instagram is creating your Instagram account. If you have already created your account, you can skip this step. Creating an account is not enough you need to set basic all rights for your account.
Please fill out the complete information including contact information and the topic on which you are likely to post content. Add relevant keywords and hashtags to your profile so that it will be easy to find your profile by your followers.
Grow your followers and become an influencer
The next step is to grow your followers and become an influencer. In order to grow your followers start posting regularly on your account. Make sure to post several unique images per day. Focus more on the quality of the post.
The images posted by you should be unique and high quality. If you can spend some money go for a high-quality DSLR camera. Include hashtags while posting images. It will help you to get your post viral.
Network with your followers by various methods. You can use commenting and liking images. Establish a friendly relationship with your followers. Your followers should become your friends.
Make at least 1000 followers. Once you are done with the above start making money on Instagram.
Make Money on Instagram
#1 Affiliate Marketing
Affiliate marketing means promoting products & services of other companies and getting a commission for every sale. Affiliate marketing is one of the most promising businesses online for making money. Thousands of bloggers are making money online using this method.
For affiliate marketing, first, you need to associate yourself with various companies or affiliate aggregators. You can register at ShareAsale or Ebates to become an affiliate.
Once you register you will able to see a product and applicable commission on the sale. Select the product as per your niche and post a unique photo along with affiliate URL. An affiliate URL is provided by the company for tracking a sale. If someone clicks on an affiliate URL and purchases the product or services you will get commission income.
#2 Promote your own products & services
As an influencer, you can use Instagram to sell your own products and services. A simple method is to post a photograph of your product and services along with a price tag.
To make it creative you can create an infographic along with the exclusive offer and post it on your timeline. Another good idea is to post the photographs and testimonials of your satisfied customers. It will help you a lot to make more money from Instagram.
#3 Sell photos and Videos
If you are a creative person and good at taking photographs or making a video you can use Insta to sell your creativity. It will be slightly difficult to sell photos and videos. You have to be creative and use high-quality camera.
It is a good idea to go through a basic course in photography. Later stage you can create your own website or blog to become a popular photographer.
#4 Create Sponsored Post
Creating a sponsored post is one of the very good ideas for making money using Instagram. Here you have to create an exclusive post for the brand as per their requirement. Your success here will depend on your creativity and hard work. You can make use of a website such as Influenz to receive various offers about a sponsored post.
#5 Sell your Instagram Account
If you have done enough with your account and if you want to move on you can sell your Instagram account for making one-time money. Websites such as viral accounts and Fame swap help you to sell your Insta Accounts.
Takeaway
Instagram is a very good tool for making money online, provided you show your creativity and spend enough time.
I hope I have given my best to explain Instagram marketing for making money online. If you still need more information about any of the methods given above feel free to contact me.
Agricultural business means producing and marketing agricultural commodities such as livestock and crops. It is the fastest-growing evergreen field. The business of agriculture can be started with low investment. It has a bright future. The government also encourages agriculture businesses by providing subsidies and tax benefits. If you are interested in agriculture and looking for small agriculture business ideas, this article will surely help you in deciding the right business option. Here are 20 Small Agriculture Business Ideas.
For better understanding, I have divided these business ideas into three different categories.
Agribusiness related to productivity – Feeds, Fertilizer, Equipment
Agriculture commodities Business- Food, Fiber, Process commodities
The first agriculture business idea is starting an agriculture farm. An agricultural farm is a place where farming and cultivation take place. You will require appropriate agricultural land for starting this business. You can produce rice, wheat, sugar cane, vegetables, or any other food product on the farm. You require knowledge of seeds, farming, fertilizer, and agri equipment to start this business.
For agriculture farms, you can adopt modern technology like greenhouse control software. It facilitates farmers to monitor and regulate temperature, humidity, and lighting for optimal crop growth. This technology enhances productivity and ensures consistent, high-quality yields by automating environmental conditions within the greenhouse.
Flower Farming
Flowers are used widely for decoration and worship. If you have big land you can think of starting a flower farming business. It is a highly lucrative business idea. In this business, you need to grow various flowers such as roses, sunflowers, jasmine, etc. You need to hire manpower for farming and cropping.
Vertical Farming
Vertical Farming means growing vegetation on walls vertically. The concept of vertical farming is getting popularity in metro cities. In this business, you need to take a service contract for doing vertical farming. Most of the small and medium organizations opt for this concept. You require expert manpower to start vertical farming.
Organic Farming
Organic Farming means producing vegetable and foods in an organic manner without fertilizer and pesticides. The demand for organic products is increasing day by day. Thus, starting organic farming is a very good business option. You require enough place and knowledge to start organic farming.
Organic Fertilizer
Organic Fertilizer production is next on the list of agriculture business ideas. Organic fertilizer is made by decomposing vegetables, earthworms, and waste processing. The process of producing fertilizer is known as vermicompost. This type of fertilizer is very good for farming. The business of organic fertilizer can be started with low investment.
Farming equipment’s
Farming equipment selling is next on the list. The equipment related to farming such as seed drill, cultivators, sprinkler systems, sprayers, and tractors usually remains in demand. You can sell farming equipment in rural places and earn money. Make sure to gather enough knowledge about farming equipment before starting this business.
Poultry Farming
Poultry farming means the process of producing and raising birds such as chickens, duck, goose. The purpose of farming is meat production or egg. It is a capital-intensive and profitable business option. You require a suitable place with proper confinement for the growth of poultry. You also need to maintain temperature and ambiance for the proper growth of poultry.
Fish Farming
Fish farming is the next agriculture business idea. In this business, you need to raise fish in a tank or enclosure as a fish pound. You can select the type of fish based on the market condition. You require a good source of water to start this business. Fish farming is a medium investment highly profitable commercial business in India.
Pesticide Production
Pesticide production is another lucrative business option. For any farming activity, you will need pesticides to protect the crop. Pesticides are made of specialized chemicals. You can also produce pesticide organically. It is known as a biopesticide. It is recommended to go for a special course study before producing a pesticide.
Agriculture equipment on rental
The big equipment used in agriculture such as tractors, harvesters, an excavators can be given on rent to generate income. Many farmers or newcomers in the farming business opt for agriculture equipment on rent. If you have capital and expertise you can start this business.
Agriculture commodities Business
Agriculture Commodity Trading
Agriculture commodity trading is next in the list. It is a simple business where you will be acting as a wholesaler. You need to purchase food products, grains from the farmer and sell it to the grocer at a higher price. Looking at the first instance it seems to be an easy business. However, it requires a lot of expertise and understanding of the market and products.
Fruit and Vegetable Export
Fruit and Vegetables produced in a farm can be exported to outside for earning money. You need to take IEC export code for starting this business. You must be careful in selecting a target country for export and rules applicable. Find out a good distributor and dealer before starting this business.
Grocery Trading
Grocery trading is one of the very good business options. In this business, you will be acting as a retailer for selling household items such as rice, wheat, sugar, oil, etc. This business can be started with low investment.
Tea Coffee Business
Tea and Coffee are widely used all over the world. You can think of starting a business of producing or selling tea and coffee under a separate brand name. It is a lucrative business.
Rubber and Wool Business
Rubber and wool are used for making various clothes and related items. Rubber and wool always remain in demand. You can start a rubber and wool trading business. You need to tie up with rubber and wool producer for starting this business.
Processing Businesses
Dairy Farming
Dairy farming means processing and selling milk and milk related products such as ghee, paneer etc. The demand for milk and related products will never end. Thus, starting dairy farming is a lucrative business option. This business can be started with low investment.
Frozen chicken
Frozen chicken is next in the list of processing agriculture business ideas. In this business, chicken is frozen and sold with suitable packing. Many people prefer frozen chicken when it comes to eating non-veg. You need to do a moderate investment to start a frozen chicken business.
Flour Mill
A flour mill means equipment or machinery for grinding grain in to the flour. A flour mill business can be started at a lower scale at a shop or at a larger scale for specific brands/products. It is an evergreen business option.
Fruit Juice Processing
Fruit Juice processing is one of the best agriculture processing businesses. In this business, you need to process fruit via machinery to prepare juice. You need to add preservatives and prepare suitable packing. It is a medium investment business and demands skills.
Spice Processing
Spice powder is essential for cooking. Good spice helps to bring good taste to the food. Commonly used spices are chili powder, cumin, turmeric powder, etc. Spice has a very good domestic market. You require a grinding machine as well as a mixer and packaging machine to start this business. It is a low-investment business with very good market potential.
Over to You –
I have tried to shortlist some of the best small agriculture business ideas for you.
You should select the idea based on your expertise and market demand. Make a proper business plan and list down the resources and capital required before starting the business. You should also gain knowledge of farming and products in which you will be dealing.
For any query related to farming business please write back to us.
Most of the investors search for multibagger stocks for investment. The term Multibagger was coined by Peter Lynch in his book One Up on Wall Street. Multibagger has become buzzword then after. Every stock market investor is looking for multibagger. It seems everyone wants to become a millionaire by investing in a potential multibagger stock.
Well, it is not easy to identify potential multibagger stocks for investment. However, if you apply the right technique and rules you can surely identify multibagger stock. We analyzed several multibagger stocks and investment technique adopted by stock market experts to know “How to find Multibagger Stocks”
A stock that gives several times returns on the cost is called multibagger stock. A stock that doubles its price is called two-bagger stock. If stock grows 10 times it is known as 10 bagger stock. If it grows by 100 times it is 100 bagger stock. Multi-Bagger stocks are undervalued stock with strong fundamentals, future business potential, and strong corporate governance.
Example of Multibagger Stocks in India – There are several stocks in India which have given multifold returns to the investors. Few examples of multibagger stocks are Titan, Bajaj Finance, Eicher Motors, TCS, Infosys are examples of multibagger stocks. These stocks have generated multifold returns for the investor over the long span.
How to find Multibagger Stocks? – Secrets of finding Multibagger
You should consider following parameters while identifying a multibagger stock for the investment.
Earning Potential
The first thing you need to check is earning potential. The company should be generating revenue consistently and increasing their earning. The business model of the company should be lucrative and sustainable. The product in which company is dealing must be in demand.
E.g Reliance JIO where the company is generating revenue consistently and increasing earning. Apart from that product of Reliance JIO is likely to remain in demand. Another example is Bajaj Finance. Bajaj Finance has done a fast turnover of capital, which has resulted in a lower cost of funds and the ability to serve more customers with the same resources.
Low or NO Leverage
You should select a company with a lower or minimum debt level. Ideally, the company should be cash rich with debt-free status. The debt-free status help company to do business expansion and acquisition of new businesses. Cash on hand gives freedom to fight against any adverse business situation.
Don’t select a company with capital intensive business such as business from the metal sector, infrastructure etc. These types of business are cyclic in nature and less likely to become multibagger.
In order to find debt level, you should look at the debt-equity ratio. Debt equity ratio of stock should be low. Some examples of low debt or debt-free companies are Britannia Industries, Bajaj Corp, and Lupin.
Expansion or New Product Development
Next important parameter while making selection is expansion or new product development. The company should be constantly expanding business or developing new products. One such example is Patanjali. Patanjali is constantly expanding the business and adding new products for increasing customer base.
Visionary Management
The management of the company should be visionary and competent. They should be able to take right decision with changing environment. Like adoption of new products, technology or changing business line. The management should be transparent and should be following corporate governance standards.
Performance History
The performance history of a stock is another important parameter. The company should be a consistent performer in terms of net profit margin and revenue. You can easily find out the performance history of the company from quarterly and yearly results.
EPS Growth Vs Valuation
The last to perform while finding multibagger stock is EPS Growth Vs valuation. The EPS of stock means company’s profit divided by a number of shares. The EPS of the share should be at a reasonable level and valuation of stock should not be very high. If a stock has already given a multifold return and valuation of the stock is very high it is not multibagger stock. That is the reason future multibagger stocks are from small cap and mid cap sector.
Top 10 Multibagger Stocks of last 10 years
Here is list of Top 10 Multibagger stocks of last 10 years. The returns given here for the calendar year.
Over to you –
What is your take on the method given above for the identification of multibagger stocks?
Do you have any other factors to add in above list?
