Sorting your taxes, investments at the start of the financial year will save you grief later
There are some tedious monetary tasks best dealt with at the beginning of the financial year. Planning your tax-saving investments for the year should be at or close to the top of the list. Making a lump-sum investment in the last month of the financial year will burden your cash flows for the month. Also, if you are investing in tax-saving mutual funds, it is advisable to spread out your investments to avoid having to time the market.
If the public provident fund (PPF) is your go-to tax saving instrument, investing at the start of the financial year earns you a higher interest.
Esta historia es de la edición May 01, 2017 de India Today.
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