A Complete Guide To Income Tax Declaration
It is that time of the year when you’re supposed to share your investment declaration proofs with your employer. While there are sufficient ways to make tax-saving investments, you will need to declare it to your employer by submitting the required proofs or supporting documents to claim these deductions. But what proofs are required to be submitted? And what happens if you fail...
What Are The Types Of Income Tax Notices?
Most of us feel that once we have filed our Income Tax Return then we have complied with all our provisions and become surprised when we get any notice from the Income Tax Department. So we will have to understand what other aspects we need to keep track of to ensure that we are in compliance with the Income-tax Act The first thing which we need to understand is the different types of...
Re-evaluate Your Tax Planning Strategies
As a business owner, investor, or even a salaried employee your goal is growth, financial security, and independence. Planning a tax strategy isn’t your top priority throughout this journey. However, you must know that it is a key player in shaping your overall wealth. Often people miss out on planning a tax strategy until the time of payment. It should be planned well in advance as...
Why millennials should opt for a Robo advisory?
Many millennials feel that they are going to work forever, but with the right investment at the right time, early retirement is possible. Now, the real question is how do we decide which time and how much is the right one for investment? Do we rely on the financial advisors who charge a fortune? The answer to this question is NO! In today’s digital time and the world, the right...
The Evolving Robo-Advisory Landscape In India
As they say, ‘New Generation, New Ways’, the millennials and Gen Z investors today have developed and resorted to a new way of doing several things. Right from routine monotonous activities to extremely complicated activities like medical procedures and personalized financial planning, these innovative AI-Based Robo-Advisory are capable of performing all kinds of tasks with utmost...
All you need to know about Tax saving under section 80C
As said “You must gain control over your money or the lack of it will forever control you” and Tax planning is the way to do it! The more effective your tax planning the more money you have in hand to invest and better is your tax saving Tax planning has always been on the topmost agenda especially during the financial year-end. This is the biggest mistake that most of us land up with. Tax...
Advance Tax Provisions – FFC episode 33
Advance tax is the amount of income tax that is paid much in advance rather than a lump-sum payment at the year-end. Also known as earn tax, advance tax is to be paid in installments as per the due dates decided by the income tax department.To subscribe click her To get detailed information on Advance Tax Provisions we recommend you to watch our video. File income Tax Also...
Difference Between Tax- Planning, Avoidance & Evasion
Whether salaried individual or business owner, every person who is liable to pay income tax definitely tries to minimize the tax liability, at least for once. Even though it is unethical to save income tax and not pay the required tax amount as per your income, taxpayers still choose the following ways to minimize their tax liability; Although these terms may sound similar and they...
How to Save Income Tax? Tax Saving Guide.
Coming close to the end of the Financial year all of you might be thinking about How to save our Income Tax?Deductions allowed under the income tax act help you reduce your taxable income. You can avail these deductions only if you have made tax-saving investments or incurred eligible expenses. Equity Linked Savings Scheme ELSS is also known as Equity Linked Saving Scheme. ELSS is a...