Indian Money Reviews On Reducing TAX Burden – Indian Money
Saving taxes is really a serious concern for high earning individuals. So, how they can reduce their tax burden? Let us look into some useful tips provided by Indian Money Reviews How high earning individuals can Reduce TAX Burden?
Donations and Charity
By making donations, you will be able to support a good cause and at the same time get tax deductions. When you make a donation to any relief fund or charitable institution then you will be saving taxes under Section 80G.
Similarly, when you make a donation for any rural development work or for a scientific research project then such donation entitles you to claim deductions under Section 80GGA.
Capital Gains
According to IndianMoney.com Reviews, investment in capital gains bonds turns out to be the right option for high earning individuals.
The reason is that, when capital assets are sold and capital gains arise out of it, those gains are tax free if the gains are invested in capital gain bonds. Another good thing is that, by making an investment in these capital gain bonds you will be able to save as much as fifty lakhs every year.
Short Term Trading
If you fall in the category of high earning individuals then as per Indian Money review Bangalore it will be important for you to stay away from short term trading. The reason is that capital gains in the short term are usually taxable at 15% rate.
Give a Gift
If the value of a gift is higher than Rs.50, 000/- in a year then only it is taxed otherwise not. But, according to Indian Money Bangalore, this rule will not be applicable if the gift is given to following people:
- Spouse
- Parent’s siblings
- Parents
- Siblings of your spouse
- Your siblings
Indian Money company reviews Bangalore's focus on helping people buy the right financial products through personalized free financial education and to become the most admired & trusted financial education company in the world. Indianmoney in Shanti Nagar, Bangalore-560027-Get IndianMoney in Shanti Nagar address, phone numbers, user ratings, reviews, contact person and quotes in indianmoney.com
Indianmoney.com Reviews create awareness and educate consumers on access to financial services, to educate the public or investors on the Financial Literacy, to protect the interest of the investors, to create awareness on availability of various types of Financial Products and their features, provide necessary infrastructure for public or investors to develop the necessary skills and knowledge to become financially literate, to change attitudes to translate knowledge into behaviour, to provide aid and assistance to public or investors to develop and maintain appropriate standards of competence for financial education and literacy through examination and continuing education, and to make consumers understand their rights and responsibilities as clients of financial services.
https://www.ambitionbox.com/reviews/indianmoneycom-reviews
https://jobbuzz.timesjobs.com/review/indianmoney-com?compids=38910
Taxation is an integral part of any economy. It’s the main source of revenue for the government. Recently, there have been efforts from the Union government to bring in income tax reforms and a new direct tax code is also being discussed. Seo services in Pakistan
ReplyDelete