Category Archives: save tax

You May Have To Pay These Penalties For Untrue ITR Claims | MoneyMindz

By | 14/08/2018

     If you misreport income or show false losses reducing taxable income, you are liable to pay heavy penalties. After demonetization, Section 270 of the Income Tax Act was amended so as to affirm that misreporting and under-reporting of income would lead to heavy penalties.  According to the amended section 270A of the Income Tax… Read More »

Ways to verify your ITR (Income Tax Returns) | Financial Adviser | MoneyMindz

By | 23/07/2018

   After you have filled your ITR(Income Tax Returns) form, the next and final step is to verify it. If you haven’t verified it, the return will not be considered valid as per income tax laws. If you upload your ITR on the e-filing website, you have 120 days to verify your return. There are… Read More »

Save Income Tax for Salaried Professionals for Financial Year 2018-19

By | 14/06/2018

The financial year 2018-19 has arrived. It is time to pay tax. How do you save tax? Worry not! We have a few methods to save tax. Tax Saving Methods for Salaried Professionals: Invest in Public Provident Fund (PPF) : One of the most popular and foremost investment options in India is Public Provident Fund… Read More »

Are You Aware Of The Term,’National Savings Certificate’? – MoneyMindz

By | 13/06/2018

Investments are varied in number. Your financial goal determines where you have to invest for better returns. One of the investment options available is National Savings Certificate also called NSC. What is National Savings Certificate? National Savings Certificate is a Government Savings Bond usually for small savings and income tax saving investments in India. It… Read More »

Fixed Maturity Plan(FMP) | MoneyMindz

By | 13/06/2018

What are Fixed Maturity Plans? Fixed Maturity Plans (FMP) are closed-end debt funds that have a fixed maturity period. They aren’t accessible for subscription on a continuing basis. A New Fund Offer (NFO) is introduced by the fund house for a certain duration. There will be an opening date and a closing date. You can… Read More »

Thinking Further Than Just Property While Saving For Your Child | MoneyMindz

By | 05/06/2018

Young couples take “investment for child’s needs” seriously usually after the birth of their child. They don’t realize that this causes problems for them later on in the name of inadequate funds or money shortage. Many Indian savers save keeping top 3 goals in mind; Education of their children, Weddings of their children and their… Read More »

Reconsider Your Estate Plan In Today’s Domain| Real Estate Financial Adviser | MoneyMindz

By | 01/06/2018

Elevated procuring influence, ascent in life expectancy and related concerns regarding retirement survival are fundamental factors to contemplate while determining estate planning. You ought to possess a proposal to finance health care or long-term care. Exigencies such as terminal illness have to be considered and planned. Planning has to be done for asset protection for… Read More »