The biggest goal of planning your taxes beforehand is to pay less income tax. But what we fail to foresee is that by planning our taxes smartly, we not only save a ton of money but we also get a chance to boost our overall financial portfolio. When it comes to strategizing your tax planning, one size does NOT fit all. Tax planning involves analyzing your current financial situation from the point of view of your taxes. This helps you in optimizing your finances and make the most of the various tax exemptions and deductions available. Continue reading “Tax Planning: What NOT to do!”