What is financial planning?
Financial planning involves setting goals and managing your income, savings, investments, and expenses.
Why do I need a tax consultant?
Tax consultants ensure you comply with laws and claim all eligible deductions. They help minimize your tax liability.
What documents do I need to file taxes?
You’ll need income statements (like Form 16), investment proofs, bank statements, and expense receipts.
What is GST and who should register for it?
GST (Goods and Services Tax) is a unified tax on goods and services in India. Businesses with annual turnover above ₹40 lakhs (₹20 lakhs for services) must register.
How do I save on taxes legally?
You can save taxes by investing in schemes under Section 80C like ELSS, PPF, or insurance. Also claim deductions for home loans, education loans, and health insurance.
What is income tax return (ITR) filing?
ITR is a declaration of your income and taxes paid to the government. It’s mandatory for individuals earning above a certain threshold.
Can I file taxes online?
Yes, income tax filing is fully digital via the Income Tax India portal. You can use pre-filled forms, upload documents, and track refunds.