The taxes are of various types like income tax, sales tax; value added tax, transfer tax, property tax, capital tax etc which fall under different categories of tax rules and laws. As a law abiding citizen you can’t exempt yourself from paying the tax which adds to the wealth of the country and is used for the development of the country. Many of us get confused in tax related issues and forget to file our returns on time which can lead to more chaos later on. So it’s better to get help from an expert who can guide us at every step of tax filing and saving at the same time. These days many banks are offering help in filing your income tax returns and sorting out your tax related problems.
The system of online filing of income tax returns is not new, but there is a little risk involved as there are a lot of phishing cases which are reported lately. The better way is to reach the agent and meet him personally for information on saving tax and filing your returns. This is again time consuming and a costly affair. Nowadays the income tax department is giving help through the mode of video conferencing, where you can reach the agent without wasting your time and get help without spending money on travelling. These agents meet you in a real-like environment and teach you how to file the returns and where to invest to get the benefits of tax reduction.
There are many bonds and insurance schemes which can help in saving your money which you contribute towards the income tax without realizing that you are giving more than expected. The best way is to get in touch with the charted accountant who know the in and out of the income tax department, and can help you saving your hard earned money from going under the axe. There are many bonds and mutual funds which come directly under the exempted list and can be counted as your savings. You can connect with charted accountants and agents through video conferencing and learn all the intricacies to save the maximum amount of your income.
Though the tax deduction is a way to contribute towards your nation’s wealth, but at the same time you should be aware of the extra charges levied on you due to salary figures. Many banks have given the facility of 24 hours kiosks which answer your tax related queries through video conferencing, if you are their customers. The tax department also provides online help on tax related problems and the day is not far when the tax audits will be done virtually.