Invest smartly while making last-minute tax planning moves

Invest smartly while making last-minute tax planning moves

Taking advantage of tax deductions for investment under section 80C of the Income Tax Act must start with a list of investments already made to avoid unnecessary over investing for tax deduction. The benefits from tax deductions are provided on a specified range of investments made during a financial year. Time is running out for making investments for the financial year 2016-17, with barely three weeks left. Considering the very limited time available to the taxpayer a warning is warranted – most investments made for tax deductions during the last…

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Money moves that must be avoided before Budget

Money moves that must be avoided before Budget

Personal finance advisors say investors should not react to Budget-related investment tips, avoid trying to time their investments or structure portfolios based on conjectures on what could be announced. The Union Budget is perhaps the biggest single event of the year tracked minutely by the investing community. Announcements made by the Finance Minister have impact on the entire economy and as such have a large bearing on everyone’s personal finances. However, as the Budget day nears, investors often tend to take impulsive decision or undertake portfolio moves based on half-baked…

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