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Hindu Undivided Family

Budget 2014: Tax benefits you can’t miss

The budget as contained in Finance (2) Bill 2014 contains little more than what was debated, discussed and analysed on the TV channels. For the benefit of our readers, let me tell you the first most important amendment proposed in the Finance Bill, which is going to have impact on each and every individual and […]

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Understanding Income-Tax Planning

A question that commonly crops up in the minds of the tax paying public of India is with reference to Tax planning and the theme which comes in the mind is whether income-tax planning is legitimate or is it a crime. Well the fact remains that the country needs money to fund its developmental programmes […]

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How a Will Can Save You a Lot of Tax

Many tax advantages are possible only through a Will. For example, a separate income-tax file for a Hindu undivided family can be established by transfer of property through a Will. Similarly, bequests can be made to minor children and minor grand children through a Will in a manner such there is no clubbing of income […]

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ABCD of Wealth Tax

You might be surprised about listening to the terminology of wealth-tax. Most of us by now are fully conversant with the theme of income-tax and really we understand that if we make money, then we are required to start parting with a portion of the money by way of income-tax payment. But surely payment of […]

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14 Tax & Investment Tips for FY 2014-15

Let us welcome the new financial year 2014-15 and hope that it would bring new flavour of tax and investment planning ideas in the lives of tax payers.  Let us go through time tested tax and investment strategies for FY 2014-15 to achieve our desired results. 1. Income-tax File for one and all      […]

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