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    Tax benefits for entrepreneurs

    By cooldude | September 19, 2012

    entrepreneurs, tax tipsAre you an entrepreneur? Are you worried about the tax deductions and the way you can get benefits from the tax? Well there are a number of ways in which you can get benefits from your income tax. You should know all of them in details before you use any of them to get the maximum benefit.

    The first thing that you can always do is to invest in mutual funds and bonds. They are always the best way of giving good returns to you. But you should understand the terms and conditions properly before you invest in them. You can also make some donations in some organizations registered under 80G of the income tax act. Such donations are always tax deductible. There are few other things which are tax deductible as well. The business magazine subscription for easy reference to market, your cell phone bills etc. are tax deductible as well. It is advisable always to take the help of some tax expert to get the details of the tax benefits that you can have.

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