Month: January 2024

ACT FAST ⏩TO AVAIL FOLLOWING DEDUCTIONS… 📈
✨Attractive investment options available for tax deduction:✨
➡️ Invest in Equity Linked Savings Scheme (ELSS) of Mutual Funds for attractive returns 📊 along with obtaining a deduction under Income Tax up to Rs.1.50 lakhs (80C).
➡️ Invest in the National Pension Scheme to obtain additional deduction of Rs.50000 (80CCD).
💫Attractive insurance options available for tax deduction: 💫
➡️ Insure yourself and your family (spouse and children 👨👩👧👦) through a Life Insurance Policy to obtain a deduction of the premium paid up to Rs.1.50 lakhs (80C).
◾Insurance Policy with assured tax-free returns in the range of 6-7% along with free insurance for long periods of up to 50 years for a deduction under Income Tax up to Rs.1.50 lakhs (80C).
➡️ Insure with a Health insurance policy for yourself and your family (parents, spouse, and dependent children) to obtain a deduction of the premium paid up to Rs.25000 or Rs.50000 in case of senior citizens (80D).
🔷 Most of the above deductions are available under the old regime of taxation. We can prepare a comparative analysis 📈 under both regimes to analyze the beneficial regime and whether it is worthwhile claiming the deductions.
ASHUTOSH FINANCIAL SERVICES PVT. LTD.
•Investments •Insurance •Income Tax & Estate Planning •NRI Services
www.ashutoshfinserv.com
Mobile: +91 72288 48181/ +91 70435 93388
Email: nris1@ashutoshfinserv.com
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ACT FAST ⏩TO AVAIL FOLLOWING DEDUCTIONS… 📈
✨Attractive investment options available for tax deduction:✨
➡️ Invest in Equity Linked Savings Scheme (ELSS) of Mutual Funds for attractive returns 📊 along with obtaining a deduction under Income Tax up to Rs.1.50 lakhs (80C).
➡️ Invest in the National Pension Scheme to obtain additional deduction of Rs.50000 (80CCD).
💫Attractive insurance options available for tax deduction: 💫
➡️ Insure yourself and your family (spouse and children 👨👩👧👦) through a Life Insurance Policy to obtain a deduction of the premium paid up to Rs.1.50 lakhs (80C).
◾Insurance Policy with assured tax-free returns in the range of 6-7% along with free insurance for long periods of up to 50 years for a deduction under Income Tax up to Rs.1.50 lakhs (80C).
➡️ Insure with a Health insurance policy for yourself and your family (parents, spouse, and dependent children) to obtain a deduction of the premium paid up to Rs.25000 or Rs.50000 in case of senior citizens (80D).
🔷 Most of the above deductions are available under the old regime of taxation. We can prepare a comparative analysis 📈 under both regimes to analyze the beneficial regime and whether it is worthwhile claiming the deductions.
ASHUTOSH FINANCIAL SERVICES PVT. LTD.
•Investments •Insurance •Income Tax & Estate Planning •NRI Services
www.ashutoshfinserv.com
Mobile📱: +91 73835 30919 / 93773 35959
Email 📧 : relationship@ashutoshfinserv.com
PLEASE FORWARD this message to your friends, relatives, and contacts who could be interested.
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⬛ Every Non Resident Indian whose net tax liability on the estimated income exceeds INR 10000 for the financial year shall be required to deposit advance tax.
⬛ The deposit of tax shall be in four instalments on the estimated net tax liability (after reducing taxes deposited/deducted/collected) which is calculated on the estimated income (after reducing deductions available under sec. 80C, 80D, etc.)
⬛ As per the Act, 100% of the estimated tax liability of the financial year shall be deposited by March 15 , 2024.
⬛ Additional interest of 1% per month shall be levied under section 234C on the net tax liability on delay in payment of the tax.
⬛ Deposit advance tax timely not only to avoid interest implications, but also to become a responsible & proud Indian. 🇮🇳
NRI Services
Ashutosh Financial Services Pvt. Ltd.
www.ashutoshfinserv.com
Mobile: +91 72288 48181/ +91 70435 93388
Email: nris1@ashutoshfinserv.com
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⬛ Every individual/company/firm/HUF whose net tax liability on the estimated income exceeds INR 10000 for the financial year shall be required to deposit advance tax.
⬛ The deposit of tax shall be in four instalments on the estimated net tax liability (after reducing taxes deposited/deducted/collected) which is calculated on the estimated income (after reducing deductions available under sec. 80C, 80D, etc.)
⬛ As per the Act, 100% of the estimated tax liability of the financial year (FY 2023-24) shall be deposited by March 15, 2024.
⬛ Additional interest of 1% per month shall be levied (section 234C) on the net tax liability on delay in payment and another 1% per month (section 234B) for non-payment of advance tax.
⬛ For resident senior citizens not having income from business & profession, advance tax shall not be applicable.
⬛ Deposit advance tax timely not only to avoid interest implications, but also to become a responsible citizen of the country. 🇮🇳
Contact us:
Income Tax & Estate Planning Services
Ashutosh Financial Services Pvt. Ltd.
•Investments •Insurance •NRI Services •Income Tax & Estate Planning
www.ashutoshfinserv.com
Mobile: +91 93773 35959 / 73835 30919
Email: vrm@ashutoshfinserv.com
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✅ NRIs residing in USA 🇺🇲or Canada🇨🇦 need to report their Indian Incomes & Assets in their Income Tax Returns along with other local USA or Canadian Incomes as per tax laws of respective countries. However, they are eligible to obtain tax credits for the taxes paid in India under the DTAA (Double Taxation Avoidance Agreement) while settling the final tax liabilities. 📑
✅ We are pleased to provide you with a Comprehensive Indian financial information summary essential in USA or Canada to assist you in meeting the necessary requirements for tax filings 📝 in USA and Canada, ensuring compliance with relevant regulations, and facilitating a smooth process with the deadline for tax filings by April in USA or Canada. 🗓️
✅ Our report includes all details of your Indian incomes from various sources as well as assets as per the respective tax laws of USA or Canada, meticulously converted into the respective currencies (USD or CAD) for the corresponding tax year which runs from January to December. It also includes the amount of Indian taxes available for claiming credit under the DTAA. 💰
✅ It is a very supportive databank which makes it very convenient for the NRI to incorporate all Indian financial transactions in a seamless manner as per the tax return formats of respective countries. 🌏
✅ Exchange of Financial Information between tax authorities of countries has become very common these days with the advent of technology and rising vigilance of tax administration in all countries. 🔄
Contact us to avail this report related to International Tax Compliance to become a compliant taxpayer. 🌐:
Mobile No.📱 : +91-72288 48181 / +91-70435 93388
E-mail Id 📩: nris1@ashutoshfinserv.com
Visit us 🔗 : www.ashutoshfinserv.com
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INVEST IN 54EC BONDS TO SAVE CAPITAL GAINS TAX BEFORE THE END OF THIS FINANCIAL YEAR 📈
▶️ Any individual is liable to pay tax on capital gains arising from sale of any assets as per the Income Tax Law.
▶️ Any capital gains arising on sale of any immovable property held for more than two years would qualify as long term capital gains.
▶️ Under section 54EC of the Income Tax Act, the gains if invested in notified bonds within a period of 6 months of sale would qualify for exemption from capital gains tax.
▶️ The exemption on such notified bonds of the Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) is available up to INR 50 lakhs.
▶️ The bonds issued after 1st April 2023 pay an interest of 5.25%p.a. which is taxable are for a term of five years.
▶️ Any individual investing in such bonds effectively earns 10.85%p.a. CAGR (Compounded Annual Growth Rate) across a tenure of 5 years considering the capital gain tax saving and interest from such investment.
Download pdf for 54EC Bonds calculation

Are you ready to take your investment strategy to the next level? Here’s how you can combine the stability of NRE Fixed Deposits with the growth potential of Equity Mutual Funds in just 3 simple steps:
1.) Investing in NRE Fixed Deposits for a Duration of 5 Years
2.) Select the option for receiving annual interest payments.
3.) Invest the interest earnings annually into equity funds through monthly SIPs.
Ready to embark on your investment journey? Watch our detailed guide on YouTube to learn more about combining NRE Fixed Deposits and Equity Mutual Funds for a winning investment strategy
Don’t miss out on this opportunity to diversify your portfolio and achieve your financial goals with confidence!
Ashutosh Financial Services Pvt. Ltd.
•Investments •Insurance •NRI Services •Income Tax & Estate Planning
www.ashutoshfinserv.com
Mobile: +91 72288 48181/+91 70435 93388
Email: nris1@ashutoshfinserv.com
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🎯Comprehensive video guide to Sovereign Gold Bonds 🎯
* Understanding Sovereign Gold Bonds.
* Reason to consider investing in Sovereign Gold Bonds.
* Key features of Sovereign Gold Bonds .
* Tax implication and benefits.
* Advantage of opting for Sovereign Gold Bonds .
* Why choose AshutoshFinserv for your investment needs.
Issue Period : February 12, 2024 to February 16, 2024
Price of SGB for series IV : Rs.6,213 per gram
Ashutosh Financial Services Pvt. Ltd.
•Investments •Insurance •NRI Services •Income Tax & Estate Planning
www.ashutoshfinserv.com
Mobile: +91 73835 30919 / 93773 35959
Email: info@ashutoshfinserv.com
Stay updated with latest financial insight by following AshutoshFinserv on Facebook , Instagram , YouTube , Twitter & LinkedIn.

What is the importance & role of a ‘Comprehensive Financial Inventory’?
✅ We know the importance of preparation of a WILL for legal transfer of assets to our successors. Comprehensive Financial Inventory helps in making this process of transfer seamless and convenient.
✅ A WILL alone, may not be enough to carry out the entire transfer process without several essential data as included in this ‘Comprehensive Financial Inventory.’
✅ It is a one stop inventory for the successors to avail all the necessary financials as well as personal information of an individual in the event of disability or death.
✅ Please follow this link to view and download for free.
✅ You can prepare the data on your own.
🎯 You can also avail our professional services to prepare the ‘Comprehensive Financial Inventory.’ 🎯
✅ The information in the Comprehensive Financial Inventory in many cases requires customization (data prepared according to the need of the individual), time and efforts to prepare and update the information for which our services can be availed.
Ashutosh Financial Services Pvt. Ltd.
•Investments •Insurance •NRI Services •Income Tax & Estate Planning
www.ashutoshfinserv.com
Mobile: +91 73835 30919 / 93773 35959
Email: vrm@ashutoshfinserv.com
Follow us using Ashutoshfinserv at Facebook, Instagram, YouTube, Twitter & LinkedIn to receive all the latest information from finance world.