First understand that both venue of investment has its own importance
Insurance (Llfe Insurance) is a protection against future contingency which may or may not arise however Mutual fund is an investment venue wherein any who wants to earn money can invest in Mutual Fund
Advance Tax: The government relies on taxes to fund its activities like building infra and providing various services. India has organised a tax collection plan called tax structure. People pay taxes based on their income, following specific tax slabs in which they are in. Some pay the tax just before the deadline, while some pay after the deadline with a fine. Advance tax is one such method determined based on your payment time and method. Let us briefly know about it to effectively manage tax plan.
With a new financial year (FY2024-'25) starting from Monday, April 1, several key decisions implemented by the government related to personal finance, investment schemes and tax regimes will come into force. Among the many fiscal matters to come into force are also key changes within the National Pension Scheme (NPS).
Question 1:
I filed my Original ITR u/s 139(1) on 30th July 2023 but not yet verified. Can I Discard it?
Response:
Yes, user can avail the option of “Discard” for the ITRs being filed u/s 139(1) /139(4) / 139(5) if they do
not want to verify it. User is provided a facility to file an ITR afresh after discarding the previous
unverified ITR. However, if the “ITR filed u/s 139(1)” is Discarded and the subsequent return is filed after the due date u/s 139(1), it would attract implications of belated return like 234F etc., Thus, it is advised to check whether the due date for filing the return u/s 139(1) is available or not before discarding any previously filed return.
A business may decide to rebrand for a variety of tactical reasons. Aligning the company's branding with its changing business goals, wh...