Financial freedom requires planning and patience. This is the first piece of a series of posts on exploring various investment avenues. As another year comes to an end, it’s important for us to equip you with the best investment ideas. In this series of articles, we’ll discuss the different routes you can take to plan […]
Amidst tax filing season, understanding the necessity of filing a NIL income tax return can save you from potential hassles and bring financial benefits. This guide covers all you need to know about NIL ITRs, from eligibility to filing procedures. As tax season approaches, many people may wonder about the necessity of filing an income […]
Here’s a quick round-up of key taxation changes in the Union Budget 2024-25 that may impact your earnings this year. Note: Below changes will be effective for all assets sold post 23rd July 2024. LISTED ASSETS ASSET STCG Before STCG Now Holding Period Holding Period Changed? LTCG Before LTCG Now Stocks# 15% 20% 12 months […]
Large cash transactions, particularly those exceeding specified thresholds, can attract attention from the Income Tax Department. While these regulations are designed to uphold the integrity of the financial system and prevent illicit activities, they are not intended to discourage legitimate transactions. Understanding which transactions might draw scrutiny can help taxpayers avoid unnecessary notices or penalties. […]
Here are a few things you may have pending as FY 21-22 ends. Read on to ensure that you wrap things up and start FY 22-23 on a good note! What a year it’s been for money. With COVID-19 still looming over us, it certainly hasn’t been easy. Lots of highs and lows across industries. […]
Taxes can be complex, and even a small mistake can result in costly penalties or lost deductions. Understanding common pitfalls and learning how to avoid them is key to protecting your financial health. Here’s a guide to help you steer clear of common tax errors and ensure a smooth filing process. 1. Filing Late or […]
Paying taxes is inevitable, but smart planning can significantly reduce your tax bill. By understanding and leveraging available deductions, you can keep more of your hard-earned money. Whether you’re a salaried employee, freelancer, or small business owner, these strategies will help you maximize deductions and boost your financial efficiency. 1. Leverage Retirement Account Contributions “Save […]
