Let's get it from the horse's mouth. Some of the top economists, tax consultants and market analysts do the hairsplitting of the Budget fineprint hereunder.
Relieved? But don't lose sight of the fact that you actually pay as many as 10 taxes in the financial markets when you invest or save. Take look at them.
The service charge on booking of railway tickets through IRCTC will be withdrawn. IRCTC, is Indian Railways' arm which handles online ticketing operations.
Rs. 1 lakh invested in gold a decade ago (January 1, 2007) is worth nearly 3.5L today. None of the other four assets have trebled in value during this period.
One should not chase returns by taking a concentrated exposure without a long-term orientation. It may well have paid off last year, but is not likely to sustain.
Saving money aside, smart tax planning is an integral part of sensible financial planning. The average investor enjoys numerous tax-saving options like PFs and PPFs, life insurance plans, ELSS investments, ULIPs and more.
It's important to cover home loan liability and not let the burden fall on family members in case of an eventuality. Here's a look at all the major risks and how to cover them effectively.
If you get a call from the taxman, here is a list of 11 documents you should keep handy to establish the link between the source of income and your deposits.
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