{"id":3192,"date":"2023-02-18T05:31:00","date_gmt":"2023-02-18T05:31:00","guid":{"rendered":"https:\/\/spkapoor.com\/?p=3192"},"modified":"2023-02-18T06:04:08","modified_gmt":"2023-02-18T06:04:08","slug":"annual-financial-closing-31-3-23","status":"publish","type":"post","link":"https:\/\/spkapoor.com\/index.php\/2023\/02\/18\/annual-financial-closing-31-3-23\/","title":{"rendered":"Annual Financial Closing 31.3.23"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/spkapoor.com\/wp-content\/uploads\/2023\/01\/IMG_2198-695x1024.jpg\" alt=\"\" class=\"wp-image-3194\" width=\"250\" height=\"369\" srcset=\"https:\/\/spkapoor.com\/wp-content\/uploads\/2023\/01\/IMG_2198-695x1024.jpg 695w, https:\/\/spkapoor.com\/wp-content\/uploads\/2023\/01\/IMG_2198-204x300.jpg 204w, https:\/\/spkapoor.com\/wp-content\/uploads\/2023\/01\/IMG_2198-768x1131.jpg 768w, https:\/\/spkapoor.com\/wp-content\/uploads\/2023\/01\/IMG_2198-1043x1536.jpg 1043w, https:\/\/spkapoor.com\/wp-content\/uploads\/2023\/01\/IMG_2198-1391x2048.jpg 1391w, https:\/\/spkapoor.com\/wp-content\/uploads\/2023\/01\/IMG_2198-scaled.jpg 1738w\" sizes=\"auto, (max-width: 250px) 100vw, 250px\" \/><\/figure>\n\n\n\n<p>The <strong><em>Annual Closing on 31st March 23<\/em><\/strong> is approaching fast. You may keep the following points in mind for your annual closing. These points are generic and may vary from person to person<\/p>\n\n\n\n<p>In some cases you will already be having your consultants \/ CA\u2019s to take care of the closing .However the undermentioned points will help you in taking an informed decision.<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>For your personal taxation ensure that you have done all your annual tax saving investments. <strong><em>Review them.<\/em><\/strong><\/li>\n\n\n\n<li>Ensure that you check out the personal papers for <strong>Capital Gains<\/strong> if any. If gain is on property and amount is to be utilized later then keep the money in capital gains scheme account with scheduled bank.<\/li>\n\n\n\n<li>For income from house property \u2013 pay your house tax before 31st March as deduction of House tax  is payment based.<\/li>\n\n\n\n<li>Ensure you have sufficient cash drawings from your savings accounts \/ current accounts to justify your cash expenses.<\/li>\n\n\n\n<li>In case of persons nearing a <strong><em>Sale of Property<\/em><\/strong> , do your final registry and receive final  payment in April 23. This will give more time to appropriate your funds as also declaring the same in  your return of Income  and its  assessment. <\/li>\n\n\n\n<li>Check out your <strong>26AS<\/strong> to check the TDS which has been deducted by other persons. The detail presently shall be available till Dec 2022 only.  <\/li>\n\n\n\n<li>Check you <strong>AIS <\/strong>( Annual Information Statement ) . To be pulled down from your Income Tax Account. go through all transactions and check their impact on your Annual total income. The processing of Income Tax Returns these days are very very fast. If all transactions are properly declared your ITR , sand refund shall be processed in no time.<\/li>\n\n\n\n<li>Call up your investment advisor to get your income bearing investments details in hand.<\/li>\n\n\n\n<li>For any remittances received from abroad of any nature , obtain your FIRA ( Foreign inward remittance Advice) from your bankers.<\/li>\n<\/ol>\n\n\n\n<p>These are some of the points for your personal taxation .The list is indicative only not exhaustive and decision if  any may be taken after discussion with your CA\/ Tax Consultant.<\/p>\n\n\n\n<figure class=\"wp-block-gallery has-nested-images columns-default is-cropped has-white-background-color has-background wp-block-gallery-1 is-layout-flex wp-block-gallery-is-layout-flex\"><\/figure>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n","protected":false},"excerpt":{"rendered":"<p>The Annual Closing on 31st March 23 is approaching fast. You may keep the following points in mind for your annual closing. These points are generic and may vary from person to person In some cases you will already be having your consultants \/ CA\u2019s to take care of the closing .However the undermentioned points [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":3225,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3,6],"tags":[],"class_list":["post-3192","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting","category-taxes","item-width-3"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/spkapoor.com\/index.php\/wp-json\/wp\/v2\/posts\/3192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/spkapoor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/spkapoor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/spkapoor.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/spkapoor.com\/index.php\/wp-json\/wp\/v2\/comments?post=3192"}],"version-history":[{"count":4,"href":"https:\/\/spkapoor.com\/index.php\/wp-json\/wp\/v2\/posts\/3192\/revisions"}],"predecessor-version":[{"id":3213,"href":"https:\/\/spkapoor.com\/index.php\/wp-json\/wp\/v2\/posts\/3192\/revisions\/3213"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/spkapoor.com\/index.php\/wp-json\/wp\/v2\/media\/3225"}],"wp:attachment":[{"href":"https:\/\/spkapoor.com\/index.php\/wp-json\/wp\/v2\/media?parent=3192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/spkapoor.com\/index.php\/wp-json\/wp\/v2\/categories?post=3192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/spkapoor.com\/index.php\/wp-json\/wp\/v2\/tags?post=3192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}