The Six Scheme - Is It For You?
Earlier, we had heard about a six schemes of income Tax. Now, we are aware of another six scheme. The one-time income tax refund incentive is another scheme that many people think of but have not taken advantage of. It was mentioned earlier that the government's one-time scheme for determining who would file electronically for e-trends can be altered in the annual budget, depending upon industry officials. Whether this one time scheme will be tweaked further by the government, or whether the six scheme will still be in place, remains to be seen. The six scheme has been in operation since 1961. Though it offers a lot of advantages to taxpayers with high valued transactions, it also has some disadvantages that deter many people from using it. One of the disadvantages that have impeded many people from fully utilizing the scheme is the absence of an alternative voluntary scheme. This means that if you cannot enter high value transactions, then there is no way that you can avail of t