| “The hardest thing in the world to understand is the | | | | you. Moreover, you may request your friends, siblings |
| income tax.” | | | | or colleagues to guide you in the matter. |
| Albert Einstein | | | | Be Methodical Round the Year |
| While many of us are experts, most would not shy | | | | The best way is to avoid March phobia is to keep |
| away from confessing that they belong to the genre | | | | yourself organized round the year. Keep a record of |
| of Albert Einstein who gets boggled with the formalities | | | | your investments, insurance policies and incomes from |
| and numerical calculations associated with Income tax | | | | various means by carefully keeping the papers in a file. |
| filing. Exclusively for this tribe of Albert Einstein who get | | | | Also jot down relevant points in diary to keep a ready |
| nervous at the end of the financial year, here are | | | | reckoner of investment and income. A well-organized |
| some simple tips to make things simple…or at the | | | | diary and folder will make this exceedingly simple for |
| most simpler. | | | | you. |
| Make friends with the word ‘Income Tax’ | | | | Invest Wisely |
| The fear they say is all in the mind. They first thing you | | | | Prudent investment decision will not just help you save |
| therefore need to do is get your mind rid of the phobia. | | | | on your taxes but also help you improve your financial |
| Trust me, the things are not that complex as they | | | | health in the long run. Keep your eyes and ears open |
| sound in the first place. It is only humans that made the | | | | to new and more attractive schemes being launched |
| procedures and it is only humans like us that become | | | | in the market that assure you a handsome saving on |
| CAs and tax planners helping us simplify things. You | | | | income tax. Allocate your savings in a mixed portfolio |
| don’t have to be professional in the matter but it is | | | | of insurance, fixed deposits, mutual funds and stocks |
| always advisable to get basic knowledge on the | | | | to help your money grow and save your taxes. |
| subject to atleast know what your CA actually means | | | | Don’t wait for the last moment but make small |
| when he says something on the subject. Gradually you | | | | investments round the year to avoid March blues. |
| will notice, you know much more than the ABC of tax | | | | Take Guidance from your CA |
| planning. | | | | Most importantly, take guidance from your CA. A |
| Educate Yourself | | | | professional CA will give you tips on saving taxes and |
| The best way to become comfortable with the | | | | help you in filing income tax and also claim necessary |
| income tax laws is to educate yourself. Knowledge is | | | | return. By paying a small fee you will be able to fill up |
| the only way to get rid of the fears of ignorance. The | | | | your taxes in the right manner and get rid of hassles. |
| easiest way to gain information these days is to trawl | | | | These days there are lot many CA firms and |
| the net. You put the keyword and search engine will | | | | agencies that offer you expert guidance on |
| get you scores of results vital to your search. Besides, | | | | investments and tax planning and help make things |
| there are many guides and reference books available | | | | simple and convenient for you. |
| in the market that claim to make tax filing simpler for | | | | |