Is tax-planning on your 'to do' list?

H ere's a thought - when it comes to investing in the normal course, investors are willing to spend time, evaluate various options and meticulously plan the entire process. But when it comes to tax-planning, handling it in a rushed manner towards the end of the financial year is an acceptable proposition.

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While investing can be a sporadic activity, tax-planning is an annual exercise and hence can have far greater implications on one's finances. Finally, when investments are made in designated avenues for the purpose of tax-planning, they deliver dual benefits i.e. reduce the tax liability and generate optimum returns. Despite the obvious benefits that tax-planning offers, the apathy displayed by some investors towards it is rather surprising. Perhaps these investors continue to look at tax-planning as just another annual obligation that must be fulfilled. As a result, they haven't fully understood the benefits that the tax-planning exercise can deliver.

Full Story: Is tax-planning on your 'to do' list?

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