Income tax scares all, well at least those who have to pay it. However, the key to not let your life revolve around them is to make them your friend. Yes, it sounds absurd but that is what tax gurus' R N Lakhotia and Subhash Lakhotia said on Monday. They were speaking at a show organized by Rotary Club Jaipur Round Town at Mahaveer Public School.
"Don't be afraid of Income Tax. There is a way to separate the two words and still like them just as much since the latter half would not be as troublesome," Lakhotia said.
All over the country, people either fake their monetary assets or end up paying enough to get them on the verge of reaching bankruptcy. The Lakhotias made it seem possible for an individual who paid Rs 80,000 one year and Rs 78,000 less the next. According to them, there has to be a basic level of awareness amongst every family member which enables them to not just save from their tax returns but to also file them effectively so as to strike a perfect balance.
One's interest must not lie in lining one's own pockets only but also an effective approach to facilitate the growth of the economy. These nationally recognized speakers analysed the topics Personal Tax and Investment Planning which made the show a great success. Jaipur MP Mahesh Joshi was felicitated on the occasion.
This speaker meet was for the benefit of all leading businessmen, industrialists and professionals as well as other high profile people of Jaipur. It was surprising to see the youth of Jaipur turn up to hear what the two financial wizards had to say.