Category: Income tax
Hindu Undivided Family (HUF): A Smart Way to Optimise Taxes and Manage Wealth
A Hindu Undivided Family (HUF) is not just a legal entity; it’s a powerful tool for tax planning and wealth management in India. Recognised under Indian law and governed by Hindu traditions, an HUF offers families unique financial advantages that can significantly enhance their financial planning and minimise tax liabilities. Here’s a detailed guide to […]
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Advance Tax: A Comprehensive Guide to Staying Tax Compliant
Paying taxes is a critical responsibility, and advance tax payment ensures you meet your obligations on time, avoid penalties, and maintain a smooth financial flow. Let’s break down the essentials of advance tax: who needs to pay, how to calculate and pay it, its benefits, and the schedule. What is Advance Tax? Advance tax, often […]
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5 Benefits of Filing Your ITR Before the Deadline
Filing your Income Tax Return (ITR) well before the 31st of July, 2024 is not just a legal obligation but also a strategic move that offers numerous benefits. Early filing can help you secure faster refunds, avoid penalties, and maintain better financial planning Faster Refunds One of the most compelling reasons to file your ITR […]
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