Tax with Ria
KF Expert
Heading towards ITR filing due date, many clients express concerns about high TDS deductions, seeking assistance to secure refunds through various approaches. As a professional, guiding clients on the right investment strategies and financial planning, is crucial. However clients are encouraged to:
Submit rental receipts and precise investment details like LIC/PF contributions, medical insurance, NPS, etc., in Form 16. Disclose loans taken for acquiring electric vehicles, higher education in Form 16. Opt for strategic investments in ELSS MF, SGBs, REC/NHAI bonds, SSS, NSC, PPF, senior citizen saving scheme guaranteeing descent returns. Aim to accurately pay taxes on income earned, ensuring any surplus amounts are refunded.It's important to note that refunds are processed post the tax deduction, not before.
For more information, don't hesitate to reach out to me.
CA RIA SACHAN
