While all of us have a dream of buying a dream home or constructing or reconstructing or repairing our homes, it’s also important to consider the tax angle when we decide to do any of these activities. For some, the amount of wealth they have created allows buying or constructing or reconstructing or repairing or […]
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Category: Tax Planning
All about HUF (Hindu Undivided Family)!
‘Hindu Undivided Family’ or ‘Hindu Joint Family’ or Hindu United Family’ is governed by the ‘Hindu Law’ only and it has not been defined under the Income Tax Act. So the concept of HUF can be defined as an extended family arrangement prevalent among Hindus of the Indian subcontinent, consisting of many generations living under […]
A Recipe of Tax-Savings Tips for Risk-Averse Investor
Mukesh is averse to equity exposure and do not want to go for risk-oriented financial instrument like equity mutual funds, stocks and derivatives etc. But, Mukesh has also scared about various the debt instrument alternatives like bank fixed deposits (FDs), NSCs (National Saving Certificates) and MIS (Monthly Income Saving) etc., but all its interest is […]
Tax saving is not Tax Planning !
“I have several insurance policies like Money-back, endowment plans and ULIPs or any other market linked products to save my taxes.” This is a common enough statement. Only that they don’t realize that they have got trapped in unwanted products because of their obsession with Tax saving. Most of the people today are investing in […]