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MyAdvisor Finserv Pvt. Ltd.

Gotri Road,, Vadodara, Gujarat

| GST  24AAGCM4662D1ZO

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MyAdvisor Finserv Pvt. Ltd. - Service Provider of tax planning service, mutual funds service & investment services in Vadodara, Gujarat.

Nature of Business

Service Provider

Legal Status of Firm

Limited Company (Ltd./Pvt.Ltd.)

Annual Turnover

Rs. 1 - 2 Crore

GST Number

24AAGCM4662D1ZO

Tax Planning Service
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Tax Planning Service

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Mr. Jaitley had remarked in his budget speech that we are a tax non-compliant country and that not paying taxes and filing returns has become a culture. The government has been working overtime to ensure that there is greater tax compliance by widening the tax net in order to change this culture. Adopting the carrot & stick approach, the government has gone ahead with this agenda in full earnest. One thing is clear, doing business in cash, hiding income and spending that black money is going to be increasingly difficult going ahead. For the tax payers, the government has doled out many good incentives and relaxations in procedures in this budget to motivate them to disclose their income and pay taxes. At the starting line for those intending to file returns, there is incentive for the person filing returns for the first time as there will be no scrutiny of same. Tax returns form is also being simplified for the person falling in the first tax slab of income upto R5 lakhs. Thus, if there is anything one must do - it is to file tax returns with full honesty, in the service of this nation. For those worrying about tax outgo, it can always be reduced legally and with full legitimacy by making proper use of the tax saving provisions already provided. This exercise of reducing your tax liability legally is called tax planning. If you are new to filing returns or one who has done it earlier, only few weeks remain till 31st March, which is the deadline for making any tax planning related investments or spendings. In this hurry, this article presents a brief introduction to the process of tax planning and also puts forth a few tips on things to avoid in the exercise.

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MyAdvisor Finserv Pvt. Ltd.Shop FF 15, Felix Complex, Behind Isckon Heights, Gotri Road,, Vadodara-390023, Gujarat, India

Ms. Lakshmi Iyer (Chief Investment Officer)

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