227, Unique Industrial Estate,
Twin Tower Lane, Prabhadevi,
Mumbai, 400 025. India.
2016 March
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How to overcome financial challenges as a single parent?
- March 29, 2016
- Category: Financial Planning
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Being a single parent is not easy. Coping through widowhood or divorce along with children is painful. Besides the emotional grief to deal with, a challenging financial journey lays ahead. As household responsibilities are divided between spouses, financial matters are handled and executed by one partner in the family while the other is passive. When the decision making partner is no more, it is a huge task for the other partner to get familiar with money matters. Securing the financial future of the child and getting an immediate grip on existing finances become a priority. Here is a checklist on […]
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How your family can help you reduce tax liability?
- March 14, 2016
- Category: Tax Planning
Everyone knows about the usual options of annual tax saving like taking benefit of section 80C, claiming medical expenses, house rent allowance, etc. But there are some unconventional ways to reduce your tax outgo. You can save tax through your family! As per Indian Tax laws, gift given (in cash or kind) to relatives is not taxable in their hands. While there are some tax implications of investing the gifted money in the name of family members, let us understand how you can still legally do it and reduce your tax liability: Invest through your spouse: You can gift any […]
