REASONS FOR DELAYED TAX REFUNDS

1. MISMATCH IN TDS DATA: If any details of TDS given by tax payer do not match with data with Income Tax Department, then tax refund of such tax payer will be delayed and he will be issued a notice regarding providing proof of the details given by him.
2. WRONG ADDRESS: Many people provide their current address while filing income tax return. Income tax department has the address given by them at the time of PAN application, so this mismatch can also pose problems in relieving tax refunds. You must update your address as it changes, with Income Tax Department.
3. MISSING BANK ACCOUNT […] Read more

WHY INVEST IN DEBT MUTUAL FUNDS

Following are some of the reasons that make debt mutual funds a better investment choice than other options with fixed income.
 MORE LIQUID THAN FIXED DEPOSITS: A debt fund is very liquid i.e. you can withdraw your investments at any time and money will be in your account next day. Most debt funds don’t levy a charge if investment is redeemed after one month. So, it provides lot of flexibility.
 TAX EFFICIENT: In long term, debt funds are far more efficient than fixed deposits. The longer you hold the debt fund, the bigger is the indexation benefit. No TDS is deducted in […] Read more

FINANCIAL PLAN ANALYSIS

You need to review your Financial plan analysis from time to time. Returns should be checked along with other factors also which are as follows:

1. GOALS: Every financial plan is based on various financial milestones one need to achieve. So it i best to review goals from time to time. In review some things are considered like cost to achieve the goal, time available, etc.

2. CASH FLOWS: Our incomes and expenses keep changing from time to time. It is crucial to check from time to time that how you could be in a better position to reach our financial milestones […] Read more

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