Get a PAN Card:PAN Card is an ID card issued by revenue tax department. This card is useful in filing your Earnings Tax returns. Apart from this, the PAN card could be very a lot helpful in opening a financial institution ac, demat ac, investing in mutual funds and the like. The required documents for getting a PAN card is a passport dimension picture, handle proof and an identification proof. You must apply with both UTI or NSDL. They are the 2 authorised agencies by income tax department for issuing PAN card.
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Tax Planning:You can save below part eighty C as much as Rs.120000. Out of this Rs.20000 need to be invested within the infrastructure bonds and the stability Rs.100000 can be invested in NSC, PPF, insurance coverage premium, and ELSS mutual funds., You can give maximum allocation to ELSS mutual funds, as you’re so younger and … Read More