#tax saving

[sameersomanica]

Tax planning in Calgary

Are you looking for tax planning in Calgary? Sameer Somani provides the best quality services in properly tax planned. how various situations affect tax planning. and how to carry out the tax rebates, tax exemption, and tax deductions. their work for the preparation and maintenance of systematic records. for more details visit our website or call us at 1-403-250-5587.

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[uaetaxgpt]

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[oconnor2023]

Learn how investors use cost segregation case study

Analyze how investors leverage cost segregation illustrated in a Cost segregation case study called to increase tax saving. Visit us now!

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[knowledgematters]

Quick Tax Wins: Top Tips for Savings

In India, tax-saving options are available under various sections of the Income Tax Act, providing opportunities for individuals and Hindu Undivided Families (HUFs) to reduce their tax liability. Here are some key points about tax-saving in India:

Section 80C Tax-Saving Options

Investments and expenses under Section 80C allow for deductions of up to Rs. 1.5 lakh in a financial year. Some popular options include:

5-Year Bank Fixed Deposit

Public Provident Fund (PPF)

National Savings Certificate

National Pension System (NPS)

ELSS Funds

Unit Linked Insurance Plan (ULIP)

Sukanya Samriddhi Yojana (SSY)

Senior Citizen Saving Scheme (SCSS) 

Additional Tax-Saving Provisions

Apart from Section 80C, other provisions allow deductions:

Section 80D: for medical insurance premium

Section 80EE: for interest payment of home loan

Section 24: for interest deduction on housing loan

Section 80EEB: for interest deduction on vehicle loan for electric vehicles

Section 80G: for donations to charitable institutions

Section 80GG: for rent deduction

Section 80TTA: for interest received in a savings bank account

Section 54, 54F: for capital gain exemption 

Tax-Saving Investments in India

Tax-saving investment options to consider:

ULIP and life insurance plans

NPS tier-I account

PPF

Senior Citizen Saving Scheme, among others 

Maximizing Tax Savings

Starting tax-saving investments early in the financial year can help spread the investments and make informed decisions. It's crucial to consider the various tax-saving expenses and investments available under Section 80C to exhaust the limit effectively.

Tax-Exempt Investments

Investments such as Equity Linked Saving Scheme (ELSS) and Public Provident Fund (PPF) offer tax exemptions, making them attractive options for tax-saving 

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[igniteus]

Curious about the best tax path?💸 Your financial journey awaits a savvy choice. Which regime suits your wallet better? Old vs New Tax Regime! 💼

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[babatax]

Income Tax : Greatest Tax Saving Strategies for 2024

Tax saving we believe that Section 80C offers the best tax breaks available in India. But that isn’t the reality. There are numerous other methods to reduce taxes, all of which we have compiled in this blog: 1. House Rent Allowance The House Rent Allowance, or HRA, is a great method to reduce your tax liability, to start with. The reason for this is that HRA is exempt from taxation. However,…

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#Income tax #Income tax department #tax saving

[sillyreviewhideout]

Your Investment Report- Stocks, Bonds, Insurance & Mutual Funds

Embarking on a successful financial investment journey requires careful consideration and the selection of the right tools and platforms. After an extensive and meticulous research process, which involved delving into the offerings of various financial brokerage firms, both domestic and international financial courses, insightful YouTube reviews, and diverse social media feeds, it has become evident that Finology stands out as one of the premier fin-tech firms poised to guide individuals towards financial success.

One of the key differentiators that sets Finology apart from its counterparts is its commitment to realism and transparency. Unlike many other platforms in the financial education space, Finology refrains from making extravagant promises of overnight wealth or guaranteeing unrealistically high returns. This commitment to ethical practices establishes a foundation of trust, ensuring that individuals embarking on their investment journey are equipped with realistic expectations from the outset.

A notable feature of Finology's offerings is the substantive nature of their courses. These courses are designed to provide participants with a comprehensive understanding of the intricacies of financial markets, investment strategies, and risk management. The emphasis on substance over sensationalism ensures that individuals gain the knowledge needed to make informed decisions about their investments. Finology's educational programs serve as a valuable resource, empowering investors with the skills and insights necessary to navigate the complexities of the financial landscape.

For those eager to explore Finology's offerings, a visit to their website unveils a diverse array of services tailored to cater to various aspects of financial education and investment planning. The platform not only acts as a credible head-start for those venturing into the realm of investments but also provides a practical approach to financial planning. This approach is designed to align with the unique circumstances, goals, and aspirations of each individual.

Beyond the realm of education, Finology positions itself as a holistic solution for individuals seeking to fortify their financial standing. The platform's commitment to practical financial planning translates into personalized strategies that consider factors such as risk tolerance, investment horizon, and financial objectives. This personalized approach ensures that users are not only well-informed but also equipped with actionable plans that reflect their individual financial landscapes.

In an era where the financial education landscape is often cluttered with promises of quick riches and magical investment formulas, Finology's commitment to authenticity and education is a breath of fresh air. The platform's focus on substance and practicality aligns with the growing demand for reliable, ethical, and effective financial education resources.

As the financial markets continue to evolve and present new challenges and opportunities, the need for a solid foundation in financial education becomes increasingly crucial. Finology, with its unwavering commitment to providing quality education and practical financial planning solutions, emerges as a beacon for individuals seeking to navigate the complexities of the financial world with confidence and competence.

In conclusion, the journey towards financial success begins with a well-informed and realistic approach. Finology's position as a premier fin-tech firm is substantiated by its dedication to transparency, substantive education, and practical financial planning. For individuals embarking on their financial investment journey, exploring Finology's offerings is not just a recommendation – it is a strategic step towards building a strong and resilient financial future.

Moreover, for those seeking a personalised financial plan tailored to their income, monthly expenditures, and individual financial goals, CHECK THIS OUT.

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[clevermoney]

Discover the power of tax saving investments at Clever Money. Our expert advisors will guide you through a range of smart investment options designed to maximize your savings. Secure your financial future while enjoying tax benefits. 

Contact us today!

#Tax Saving #Tax Saving Investments #Investments #Financial Investment #Clever Money

[theibankers]

The I Bankers

Businesses of tomorrow need to be built on balanced foundations, Empathy and pragmatism foresight and technology. At the I-Bankers, we treat organizations as partners, with a strong focus on collaboration.

For more info visit our website- https://theibankers.com/

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[sameersomanica]

If you are looking for a corporate accounting service for your business? Then we tell you some points in our blog, here you can check all details. For more details visit our website or call us at 1-403-250-5587.

#Corporate accounting services #income tax #tax planning #Tax saving #tax problem resolution

[mutualfundexperts]

Learn how Investing in Multi-asset Allocation Funds can unlock the secret of becoming a successful investor. Read on to make a smart investment choice.

#elss #tax saver mutual fund #tax saving

[oconnor2023]

Save Bexar County Property Taxes Now with O'Connor!!

More than 82% of total commercial property taxable value is protested every year. Their annual protests are typically successful: they've been doing this for more than 40 years, so they have experience. O'Connor can help homeowners do the same. Visit https://www.poconnor.com/appraisal-district-Bexar-county-2021/

#Bexar County #O'Connor #Tax Saving

[imdevbharti]

Maximizing Your Financial Returns: A Comprehensive Guide to Smart Tax Planning in India

1. Introduction to Tax Planning in India Taxes are a fact of life, and they can be quite complicated, especially in India. As a taxpayer, you want to make sure that you are not only paying your fair share but also maximizing your financial returns. Smart tax planning can help you achieve both of these goals. With the Indian government providing various tax-saving options, it can be challenging…

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#Income Tax #Tax Saving

[propertyexperttips]

TDS on property on NRI| Section 195! Tax Saving for NRI | Exemption for NRI | Lower Tax Certificate

\What is the TDS on sale of property by NRI in India?1

As an NRI, if you sell a property in India, the buyer deducts 20% as Tax Deducted at Source (TDS) as Long Term Capital Gains Tax for properties sold after two years. For properties sold before 2 years, the TDS rate is 30%, deducted as Short Term Capital Gains Tax.

Tax deducted at source (TDS)*

When a resident buys property from an NRI, she/he must deduct TDS at 20% if the property has been held for more than two years and at 30% if the property is being sold within two years. The deduction must include TDS plus surcharge, health and education cess3 .

Ready reckoner for LTCG TDS rates

Properties valued less than INR 50 lakh: Total tax 20.8% (including surcharge and cess)

Properties valued between INR 50 lakh and INR 1 crore: Total tax 22.88%

Properties valued above INR 1 crore: Total tax 23.92%

W.e.f. FY 2018-19,  the finance ministry has announced a higher surcharge on properties valued above INR 2 crore. The applicable LTCG TDS rates are 25% and 37% for properties valued above INR 2 crore and INR 5 crore respectively.

TDS at a lower rate

If tax deducted at source is more than your tax liability, then you can opt for a tax refund at the end of the year for the excess TDS. However, if you wish to avoid this cumbersome process, you can apply for a certificate that allows you to file for a lower TDS rate4 . Please note that you must apply before you execute the sale agreement. The assessing officer will determine the TDS after calculating the capital gains. This will put the money in your hands instantly instead of waiting for a refund.

Tax exemption

Capital gains made through the sale of a property can be reinvested in India to reduce tax liabilities. If you invest the capital gains in buying another property within two years, then the profit generated from the sale is exempted from tax. Similarly, under section 54EC, you can invest the profit from the sale of property in Capital Gains Bonds within six months to get an exemption. These bonds offer an interest rate of around 5.75% p.a.* and have a lock-in of five years.5

Repatriation of funds

If you wish to repatriate the proceeds from the sale of a property, you will need to submit Forms 15CA and 15CB. While you can fill out and submit Form 15CA yourself, Form 15CB has to be signed and submitted by a chartered accountant. You can repatriate up to USD 1 million a year outside India.

#tax saving #tds saving' #realtor #property buyers

[livemintvideos]

GST Benefits in Budget 2023 - Cheer to some | Mint Primer | Mint

North-eastern states have recorded a compounded annual GST revenue growth rate of 27.5% so far since the implementation of the GST as against 14.8% for all states, making them the biggest gainers of the new indirect tax regime. The north-eastern states have been the biggest beneficiaries of the five-year-old goods and services tax (GST) regime, according to the Reserve Bank of India (RBI) report on State Finances.

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