Individuals falling in the high income group often miss out on some of the lesser known tax planning strategies which could substantially reduce their tax liability. (1) Gift or Loan to Major Children – Avoid investing the amount in your own name as it will attract tax, rather gift the surplus to your major children. […]
Investing
How to e-file your tax returns
How to e-file your tax returns If you have a taxable income of Rs 5 lakh and above, it is mandatory for you to e-file your tax return. An average taxpayer should take roughly 30-40 minutes to key in all the information and upload his return. Here’s how to go about it. 1) Log on to the […]
Why should you have a Financial Plan?
Achievement of any goal needs a well thought out plan. Similarly, achievement of your financial goals needs a financial plan. Consider the following questions about your financial future: Do you know if your PF would be enough to give you a comfortable retirement? Do you know how much you need to invest in order to have […]
Common misconceptions of Financial planning dispelled
Common misconceptions of Financial planning dispelled There are many misconceptions people have about financial planning services. In order to help dispel these misconceptions we have provided you with answers to some commonly asked questions. We would be happy to assist you if you have additional questions or would like to contact us for more information. […]
Magic of LIC as tax-saving tool! Why should one invest in LIC than Fixed deposit?
There are dangers of comparing financial products because each product is designed for different purpose and needs. But comparisons are tools to help us arrive at decisions that account for our needs and suitability. We often hear how life insurance products give low returns compared to other products and it is partly true. However after […]
New survey shows Families Need Financial Planning Help
New survey shows Families Need Financial Planning Help A recent study showed that 85% of families with children have no financial plan. I strongly feel that the majority of the other 15% don’t have a financial plan either – at least not one that truly reflects their desired financial path through life. I define financial […]