Are you aware about Tax Planning?

Arrangement of financial affairs.

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Tax Planing may be difined as an arrangements of one's financial affairs in such a way that without violating in any way the legal provision of an act, full advantage is taken off all exemptions, deductions, rebates, permitted under act, so that the burden of the taxation on assessee, as far as possible the least.

It is not about buying that last minute insurance policy or investing in some ELSS scheme to save on 80 C. It is also not something which can be delegated to your father for investing in a PPF account.

Govt incentivizes us, thorugh this meaningful vehicle, to invest towards some of our serious needs. Lets look at some:

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