Tag Archives: FD
A child brings Joy, Responsibilities & Tax Benefits!

A child brings Joy, Responsibilities & Tax Benefits!

All of us love children. Well, most of us do. But no one can contest the fact that expenses of raising children, their education and marriage are rising with each passing day. These expenses form a substantial outflow from one’s income. But are you aware that certain expenses or investments made in your child’s name can save you taxes? In the previous blog, we discussed how a newlywed couple can benefit from tax planning. Now, we go a step ahead in explaining how a couple with children, who are either minor (below 18 years of age) or adult (above 18 years of age), can benefit from tax planning. In this article, we have considered two scenarios:  Couple having minor child  Couple having adult child Scenario 1 Ramesh, a 38 years old engineer in Pune, has a 8 years old child. His annual income is 15 lakhs p.a. and his annual […]

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Category:Learn
Ideal Tax Plan for Newlyweds – to be Happy & Wealthy

Ideal Tax Plan for Newlyweds – to be Happy & Wealthy

Marriage heralds a crucial life stage, where life enters a beautiful phase. The finances and risk profile of a family as a unit as well as their lifestyle also undergoes a rapid change and so does  the tax planning. In the previous article, we explained how tax planning helps a young individual in saving tax. Going forward, let’s see how the tax planning scenario changes when the same individual takes a plunge forward in life and gets married. In this article, let’s consider two scenarios for a newly married couple When both are working When wife is not working First case A newly married couple, Mr. & Mrs. Acharya, earns Rs. 7 lakhs and Rs. 5 lakhs p.a., respectively. As they start this new phase, they plan to buy a house rather than spending huge amount of money every month on rent.  Considering their current annual income, their tax liability […]

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Category:Learn
Stocks Vs. FD –What’s the Better Bet?

Stocks Vs. FD –What’s the Better Bet?

The different investment options available to an investor are mind boggling! It is no wonder than that most of us are in a constant dilemma as to where to actually invest our money. In an attempt to reduce this confusion, Liane outlines the pros and cons of investing in Stocks and fixed deposits

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Riding the Equity wave

Some people are afraid of the stock market – it’s a gambling den, they say. Stocks move for no reason, and sometimes, they do not move even when there are good reasons for them to. In certain cases, news seems “manufactured” to make the stock look attractive, just before it crashes. Certain companies only advertise on channels such as CNBC-TV18, just so they will be noticed by traders who might buy their stock and make it go up. While it is true that some stocks are manipulated, the amount of manipulation you perceive is directly proportional to the amount of money you have lost in the market. It is illogical to presume that broad markets are rigged against you if it has given you a compounded return of 12 per cent in the last 18 years; if anything, it has been rigged in your favour. We’ve never let some of […]

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Where can I invest my money?

Now that you know that you need to invest if you wish to see that Volkswagen Beetle parked in your garage, I’m sure most of you must be in a dilemma as to where do you actually invest your money! The sheer number of financial products which claim to offer you great returns at minimal risk is mind boggling! Combine this with the gibberish information given in their brochures and you will be soon rethinking your decision to invest. The single greatest factor in growing your investment is the rate of return (RoR) you get on your investment and as you will see highest returns are offered by investments that are the most riskiest. Of course there are ways to minimize your risk while maximising your RoR, but more on this later. For starters, let’s see what investment avenues are open to you as a retail investor. Investment Options Available […]

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