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Tax Saving with Gifts

India is a country predominantly recognized for its cultural diversity, customs, and religions. It is a commonplace to find close knitted families that celebrate numerous occasions wherein gifts are exchanged as a symbol of love and affection. At times, gifting can also become a legalized part of your tax planning to reduce tax liability significantly. [...]

By |2020-08-14T07:07:12+05:30November 13th, 2019|All, Financial Planning|Comments Off on Tax Saving with Gifts

Tax Saving with Loans

Indian Income Tax Act allows for tax deductions and exemptions on interest and principal repayment of certain loans. These tax benefits are a definite motivator to individuals as it helps reduce the outflow of funds which may rather be associated to one’s financial goals. The following are some of the provisions that offer a [...]

By |2020-08-20T19:56:56+05:30November 5th, 2019|Financial Planning|Comments Off on Tax Saving with Loans

Savings vs Investments

At the end of every calendar year, most of us have a similar new year’s resolution – prioritizing our health. While some choose to diet, follow health tips from celebrity nutritionists, I was simply lured in by the heavy discount offered by a gym in my vicinity.  Although I was very excited to start [...]

By |2020-08-20T20:03:24+05:30October 3rd, 2019|All, Personal Finance|Comments Off on Savings vs Investments
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