taxation

How do you lower your Taxes after retirement?

[ad_1] Why is tax-efficient financial planning needed? Disappointing as it may seem, there are various taxes that take a large amount of corpus from your savings to get complete financial freedom after retirement. Tarun Rustagi, CFO, Canara HSBC OBC Life Insurance says, “Although most of these taxes are largely unavoidable, their overall impact on one’s hard-earned …

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The new amendments to the Income Tax Act 1961 for charitable organisations: What does it mean for the common man?

[ad_1] Form 10BD and 10BE for availing tax deduction under Sec 80G as the deadline approaches on 31st May 2022. As per the enforcement of the amendments to the Income Tax Act 1961, from FY21-22, the method for availing tax deduction under Section 80G on donations made to NGOs has changed. Dhaval Udani, Founder and …

The new amendments to the Income Tax Act 1961 for charitable organisations: What does it mean for the common man? Read More »

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