BQ Big Decisions: The Guide To Last-Minute Tax Saving
BloombergQuint’s Big Decisions podcast gets you the insights you need to make big money decisions with confidence.
When it comes to finances, often our approach is ‘why do today what you can do tomorrow. Or, indeed, at the end of the financial year’.
Financial planners advise that it’s good form to get tax planning out of the way early in the financial year. It ensures that you don’t have to scramble for funds at the last minute. But other responsibilities often push tax planning to the back burner.
It isn’t too late yet. With about a month to go before the end of the financial year, some investments can still be made, and bills be put in order to ensure that your tax outgo is not more than it should be. Or, at least, that you’ll get a refund once you file your returns for the year.
On this BQ Big Decisions podcast, BloombergQuint spoke to Parizad Sirwalla, partner-tax, at KPMG, to know what avenues are still available for those with last-minute tax saving on their minds.