The tax pay process is complicated in India and that is because people do not understand how to manage the tax plans and tax saver options. With Findynamics tax planning experts in Chennai, both individuals and the retail market can legitimately benefit from the tax exemptions.
You can be assured of reducing your tax liability in the most planned and legitimate manner once you plan how to structure the income and tax papers.
You can be assured of reducing your tax liability in the most planned and legitimate manner once you plan how to structure the income and tax papers.
You can be assured of reducing your tax liability in the most planned and legitimate manner once you plan how to structure the income and tax papers.
You can be assured of reducing your tax liability in the most planned and legitimate manner once you plan how to structure the income and tax papers.
You can be assured of reducing your tax liability in the most planned and legitimate manner once you plan how to structure the income and tax papers.
Tax planning is not an overnight job. It has to be done in advance – right when the financial year starts.
The norms are set forward by the Indian Tax Department and we use them strategically after many evaluation sessions.
Our clients should be able to enjoy their hard-earned money. We teach on how to restructure the salary and other incomes for various purposes.
Pay the right taxes as required and utilize exemptions wherever possible. Our strategies focus on ethical methods only, executed at the right time.
It’s a fact that everyone wants to reduce their tax liabilities. We offer various tax planning schemes so that the tax burden can be brought down.
Showcase fund growth options to invest and increase the bank balances. Instead of paying all savings as tax, learn to grow them.
Tax saving is possible with possible and viable investments in various niches. These will prove to be acceptable tax deductions when you file your tax papers.
Often bad tax planning causes tax dispute cases. With proper fund planning, taxpayers, liabilities can be kept minimal and income can be used optimally.
Tax Avoidance can be defined as the planned use of the various legal alternatives to reduce the payable tax amounts. This applies to both private individuals and businesses of all sizes. It includes a set of exemptions and deductions that have been listed by the Indian Government over various sources of income and expenditures
Tax Evasion can be defined as a set of activities that are deemed illegal by the Government of India. The purpose of Tax evasion is to reduce the tax liability deliberately, but the choices are against the Tax department. If caught by the revenue department or tax department, heavy penalties will be imposed on the accused.
Tax avoidance is legal and permitted under the court of law. Whereas tax evasion is illegal and done to submit false reports to the tax department
Tax avoidance allows citizens to take advantage of tax breaks like home building expenses. Whereas Tax evasion under-reports income or excludes certain sources of income, changing it into a crime.
Tax Avoidance is done with the knowledge of the taxpayer and the Income Tax Department. For Tax Evasion, the Income Tax Department is unaware– as the truth is not disclosed.
Tax Avoidance is not punishable in the eyes of the law. Tax Evasion means the guilty have to face five years in jail and huge fine payments too.
At Findynamics, the next-level fund experts in wealth solutions management, we focus on transparent, virtual processing so that our customers can see their accounts, fund growth, manage withdrawals, and see tax payments at any time of the year.
Fund experts are here to manage accounts and various investment schemes so that the money is channelized and grown optimally for greater fund growth. We also handle tax planning and legally restructure your funds.
Have lump sums amount to invest, but checking the best option to invest? Discuss with your personalized fund expert for the right schemes and tax-saving plans. Mention your financial goals and when you need the withdrawals too.
From choosing the right tax saving plans for one year, investing right, and sanctioning loans in the ethical, we fine-tune your dreams, money growth, and tax deductions with the proper growth of your money
You can view your accounts virtual through a login, or a talk with our fund experts in Chennai. We will give complete real-time reports and how funds are optimized and enable tax-saving options also.
This applies to tax deductions for the interest that has to be paid for your child’s education loan. Hence, the below-listed clauses are part of this section:
This applies to tax deductions for the premium that has to be paid for the health insurance policies taken by the taxpayer. Hence, the below-listed deductions are part of this section:
This applies to tax deductions for the rent paid by the taxpayer in that assessment year. Some of the key pointers to this section are:
This is one of the most profitable tax-saving options that payers can adopt. Some of the key pointers to this section are:
This of course applies to tax deductions when the taxpayer receives gifts (cash, gold, assets) under the following considerations:
The below-listed tax saving options fall under various tax deductions and will greatly benefit the taxpayer. They are as follows:
What happens if I don’t pay my taxes?
Within the first 3 months, the ITR department sends notices about due payments to your address via post.
Every month you may get a letter and the consequences will be expressed firmly.
In the next 6 months, actions or public statement records to claim the physical assets will commence. Collection officers will collect the money you owe the department.
Movements, travel, and back accounts freeze will take place simultaneously.
In short, it is best not to act sneaky with the tax department as they can easily track out the details and get to you.