Why should you make a financial plan? (adsbygoogle = window.adsbygoogle || []).push({}); There are many advantages of financial planning which can have far reaching positive effects on one's life. Here are some reasons why a comprehensive financial plan is important: Safety net for the future: Financial planning helps give a direction to your financial decisions. It helps you decide various investments that can bail...
July 31, 2017 is the last date for filing income tax returns for FY 2016-17. It’s important to know what has changed in ITR compared to last year. The biggest change is the number of ITR forms have reduced from 9 to 7. Other than that all the tax returns have to filed electronically except for people who are more than 80 years...
What should a financial plan include? how to actually make a financial plan. Depending upon an individual's needs and wants, a financial plan should include various components. It should include everything, which helps in the attainment of your financial goals in the most efficient manner. Some things might have precedence over the others, but anything that even remotely affects your goals should be...
Hectic jobs, busy schedules through the week and no time for self, means that our personal finances take a back seat. To ensure that you have the essentials covered, we have designed a 10-week action plan for you. Just one task every week for 10 weeks (most of them do-able in just an hour on the weekend) will ensure that you are feeling...
Which businesses are categorised as existing taxpayers? Any legal entity registered under any tax laws as prescribed by the state or central government is considered an existing taxpayer. These include like Value Added Tax Act, Central Excise Act and Service Tax Act. Others include entry tax, luxury tax, and entertainment tax, except for those levied by local bodies. How must one enroll into...
GST has been implemented from 1st July. Many taxpayers have huge stock lying. So what should be done for stock lying on 30th June? Up to 30 June, there are VAT, Excise, Service Tax laws but from 1st July GST has been implemented so what about the stock as on 30th June is the biggest question which everybody facing and it has created...
As per a Supreme Court passed on 9 June 2017, if you have Aadhaar, it is mandatory to link it to PAN and mention the same in your tax returns. However, if you don’t have Aadhaar, you can e-file tax returns without the same for FY2016-17. Now you can link your Aadhaar and PAN through SMS also. The Income Tax Department has urged taxpayers to link their...
The Goods and Services Tax is finally about to be rolled out coming weekend and unfortunately for the government, who is leaving no stone unturned to take credit for the biggest tax reform, confusion rules among the small traders. For instance on as late as 11 June, the GST Council changed the tax rates for as many as 66 items. The items that...
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