227, Unique Industrial Estate,
Twin Tower Lane, Prabhadevi,
Mumbai, 400 025. India.
2017 January
-
Saving tax on Rental income from House Property
- January 31, 2017
- Category: Tax Planning
No Comments
Rental income from house property can be a useful source of passive income, especially during retirement. Many people buy more than one residential property with the primary objective of earning rental income or using it post retirement. The Income Tax Act requires an assessee to disclose all house properties owned by him at the time of filing his income tax returns. In case of multiple house properties, only one property can be considered as self occupied. The others would be considered as deemed to be let-out even if they are vacant and no rent is earned on it. The notional […]
-
Going cashless – the E-wallet way!
- January 17, 2017
- Category: Product Analysis
Mobile commerce is booming in India and businesses are fast leveraging the explosive mobile growth to offer a common platform for daily financial transactions. Mobile friendly websites and apps are all making it possible to shop online, book movie, tickets, pay bills, etc. The governments audacious demonetisation move and the massive push to go cashless has given further impetus to mobile wallets, popularly known as E-wallets. What are E-wallets? E-wallets or mobile wallets are the digital version of your physical wallet, i.e., a digital payment application. It stores your money in digitized form for instant payments. In simple terms, no […]
-
Why should retirees invest a portion of their corpus in equities?
- January 3, 2017
- Category: Retirement Planning
Retirement the golden phase of your life where all your responsibilities are over both personal and financial. You have all the time in the world to pursue your passion and chase your dreams. But the onset of retirement also marks a big financial change in an individuals life – a change in saving and spending pattern in the absence of a regular income stream. The main concerns of every retiree are: Generating a regular income stream Safety of corpus, i.e., capital protection Meeting contingency needs, incl. medical emergency Long term growth of the corpus The last point is something which […]
