Income-tax filing: Should you file your returns in April or wait until July 31?
Early filing means faster processing and quicker tax refunds. However, only a few categories of taxpayers can file their returns now.
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Early filing means faster processing and quicker tax refunds. However, only a few categories of taxpayers can file their returns now.
Under the income tax rules, specified institutions are required to furnish SFT to the I-T department with the details of certain financial transactions or any reportable account registered/recorded/maintained by them during the year.
Parents need to begin investing early for their children’s financial goals, be it higher education or marriage.
Investing in mutual funds requires careful consideration of the right allocation between lumpsum and SIP investments. Lumpsum investments allow for potentially higher growth but are subject to market timing risks. SIPs mitigate volatility by investing regularly at different price points.
While they earn hefty commissions on these products, investors benefit from the tax sops.