Tax Planning and Investment Planning are not Financial Planning. Both of them are the part of Financial Planning. Where Tax planning deals with tax saving, Investment Planning helps one in reaching his financial goals. Investment Planning is tha gateway to the Financial Planning. Not to put all ...
There are various ways for individuals to save tax on their annual income. The Income Tax Act provides several exemptions from the salary while computing taxable income. In addition to the exemptions, the income tax also has various sections under which individuals can invest their money and sav...
It guarantees physical security, specifies violations like denial of justice, and requires investors to try resolving issues in local courts for three years before seeking international arbitration. Is there a tax treaty between India and UAE? India and the UAE have a Double Tax Avoidan...
Tax exemption:ELSS, which is a specific class of funds, are exempt from taxation under section 80C of Income Tax Act 1961 for a limit of INR 1.5 lakhs. Choice of Investment: Depending upon your financial goals, you can choose to invest in the appropriate category of mutual funds available ...
Interest on the debt is always tax-deductible. In a company’s capital structure, debt is ranked above equity, meaning that debt holders would receive payment first in the event of bankruptcy or liquidation. Contrary to popular belief, debt interest rates are typically lower than the figures for...
introduction of the concessional tax treatment, which was to encourage the investment of foreign exchange remittances into India and investment into India by "non-resident Indians". The Tribunal had found that the investments made by the taxpayer were made from foreign exchange brought into India as...
There are also plenty of disadvantages. Common criticisms about foreign investment include that it drives out local businesses and results in profits being reinvested elsewhere. Foreign investment is sometimes viewed as an unethical way for companies to save money. By opening operations in cheaper count...
Back in the day our parents used this to save each month. It was effective to cultivate a saving habit. It’s too much hassle if you ask me and I am not into it. Returns are taxable each year as well. Chit Funds Chit fund act like a pool where a fixed number of people contribute...
#StayAheadOfTheGame by investing in Mutual Funds with digibank by DBS Open a DBS Bank Account Now Choosing between Mutual Funds can’t get easier. Watch to know how. Become an All-rounder with DBS BankMutual Fund Education The more you know, the better you get at your own game. Let th...
Looking to save taxes on your hard earned money? Here are a few schemes that come under section 80(c) of the Income Tax Act. Check out our tax savings schemes now or Consult a Tax Advisor. Investment Ideas Short term parking Looking for an alternate to park your surplus money? Look no...