Text: Vidyalaxmi & Preeti Kulkarni; ET Bureau
With just two months left in
the current financial year, time is running out for tax-payers looking to make
investments to save taxes.
And, since they are most likely to be taken for a ride by greedy advisors, it is also the time for them to be on guard.
Here are some tips to avoid the typical mistakes made while carrying out the tax-planning exercise:
1. Take
a holistic view.
2. Be careful with single-premium life covers
3. Last minute PPF investments are not rewarding.
4. Joint loans can be doubly beneficial.
5. Invest property sales proceeds in time.
6. Look beyond 80 C. for more!
7. Don't overlook tax-friendly savings.
And, since they are most likely to be taken for a ride by greedy advisors, it is also the time for them to be on guard.
Here are some tips to avoid the typical mistakes made while carrying out the tax-planning exercise:
2. Be careful with single-premium life covers
3. Last minute PPF investments are not rewarding.
4. Joint loans can be doubly beneficial.
5. Invest property sales proceeds in time.
6. Look beyond 80 C. for more!
7. Don't overlook tax-friendly savings.
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