Finance Instagram video that did 915× its author's usual

Follow @moneymatterswithhetal 👍 Why people buy a car in a business name 1. Tax benefits (biggest reason) * You can claim depreciation on the car (reduces taxable profit) * Fuel, maintenance, insurance, driver salary = business expenses * If eligible, you may also claim GST input credit (only in specific cases like transport businesses) 👉 Example: If your business earns ₹10L profit, car expenses can reduce your taxable income significantly. ⸻ 2. Helps show business expenses clearly * If you’re creating content, running a shop, or doing client visits, the car becomes a legitimate business tool * Useful if you’re building a brand (like your Instagram/business idea) ⸻ 3. Easier to justify premium car purchase * A higher-value car can be justified as a business asset rather than a personal luxury * Helps in financial planning and sometimes in getting loans ⸻ 4. Loan & interest benefits * Interest on a car loan can be claimed as a business expense * EMIs partially reduce your taxable income ⸻ 5. Better bookkeeping & scaling * Keeps personal and business finances separate * Important if you plan to grow or register a company later . . . . Personal finance India Money saving tips India Middle class money mistakes Mutual funds for beginners India Tax saving India SIP investment India Budgeting tips India Financial freedom India #personalfinanceindia #moneytipsindia #mutualfundsindia #taxsavingindia #indianinvestor middleclassmindset financialfreedomindia sipinvestment budgetingtips moneyhabits

@moneymatterswithhetal · 7.6K followers