Brylaw
Tax saving Tips
It is something; everyone wants to do in the best possible way. When you calculate your payable taxes, the only thing that flood in mind is how to save the maximum and pay less.
It is not an easy task; you need to be very smart while planning your investments and expenditures. Even you cannot treat it as a one day game because it is lifelong exercise which benefits you at the time of filing tax.
Before you decide to invest in any tax-saving skims, don’t be in hurry while taking decisions. You must review the guidelines and rating of the most widely used options under the tax saving policies. Investment funds & Insurance policies have traditionally been a very popular tax saving tool considered by tax experts. Most of the times you fail to understand that every investment is not tax-free. So I would suggest you go through the terms carefully and be assure about the tax saving part.
Secondly, the state government keeps introducing the new tax policies. So if you are not well sync with the latest guidelines, you may have to pay for it. Thus, try to maximize your knowledge about the same and file your return accordingly.
Another key point that I would like to mention here is, don’t try to manipulate your financial facts and hide the actual information. These may offer the immediate benefits but it is equally dangerous for the long term. I would rather say if you are unable to get the idea that help save the maximum; seek the attention of an expert firm or an individual tax consultant. There are various firms out there who can concrete you about saving your taxes. Firms like Brylaw Accountings can be one of the good option for your finance and tax affairs.
Contributed By: Vinay Prakash Mani
Tax saving Tips
It is something; everyone wants to do in the best possible way. When you calculate your payable taxes, the only thing that flood in mind is how to save the maximum and pay less.
It is not an easy task; you need to be very smart while planning your investments and expenditures. Even you cannot treat it as a one day game because it is lifelong exercise which benefits you at the time of filing tax.
Before you decide to invest in any tax-saving skims, don’t be in hurry while taking decisions. You must review the guidelines and rating of the most widely used options under the tax saving policies. Investment funds & Insurance policies have traditionally been a very popular tax saving tool considered by tax experts. Most of the times you fail to understand that every investment is not tax-free. So I would suggest you go through the terms carefully and be assure about the tax saving part.
Secondly, the state government keeps introducing the new tax policies. So if you are not well sync with the latest guidelines, you may have to pay for it. Thus, try to maximize your knowledge about the same and file your return accordingly.
Another key point that I would like to mention here is, don’t try to manipulate your financial facts and hide the actual information. These may offer the immediate benefits but it is equally dangerous for the long term. I would rather say if you are unable to get the idea that help save the maximum; seek the attention of an expert firm or an individual tax consultant. There are various firms out there who can concrete you about saving your taxes. Firms like Brylaw Accountings can be one of the good option for your finance and tax affairs.
Contributed By: Vinay Prakash Mani