Tag: Tax

  • Tax Benefits of ULIPs

    Tax Benefits of ULIPs

    The awareness around the importance of savings via investments is growing significantly, especially among young adults. Many financial tools are available for investments and savings to secure your future. ULIP plans offer a combination of life cover and investment opportunities to a policyholder. They are a popular financial tool as they help accumulate wealth for…

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  • Best Tax Saving Mutual Funds to Invest in India

    Best Tax Saving Mutual Funds to Invest in India

    If you’re looking for a type of mutual fund that lets you generate wealth while saving on taxes, Equity-Linked Savings Scheme (ELSS) is your best bet. This is the only type of mutual fund that lets you save up to Rs. 1.50 lakh on taxes under section 80C of the Income Tax Act,1961. However, don’t…

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  • Strategies to Help Counter the IRS for Small Business Tax Debt

    Strategies to Help Counter the IRS for Small Business Tax Debt

    It’s rather common for small businesses to face the daunting power of the Internal Revenue Services (IRS) if it’s behind on tax debts. Worst of all would be the various methods that the IRS can use to collect these taxes from the small businesses, most of which would spell doom for them. However, the good…

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