You are here: Home >> English News & Features >> BUSINESS & ECONOMY

Common sense can help you reduce your taxes

DNMUM398527 | 10/13/2017 | Author : Harsh Roongta | WC :662

Personal Finance

Most people think of tax planners as wise old men in white hair who study the arcane tax laws and come up with brilliant interpretations of little known sections of the income tax law.
Many times, it is indeed so. But a number of times, the tax planning consists of simple common-sense approach to understand the final objective and aim to achieve it in a slightly different fashion to obtain a tax effective solution.
My friend Rakesh Mehra’s case illustrates this point perfectly. Rakesh’s father Roshan Mehra is an 84-year old retired IAS officer. He has pension income of Rs 60,000 per month.
He lives with Rakesh in Mumbai. Rakesh has a brother Rishi who lives in Delhi.
Both Rakesh and Rishi are financiall
Read full story


Copyright restricted. Under license from www.dnasyndication.com   
Add To Lightbox
Calculate Price

More on BUSINESS & ECONOMY

Rlys to focus on premium trains in revenue quest
DNMUM416727 | 6/22/2018 12:00:00 AM | Author : Sameer Dixit | WC :211

New Delhi: Indian Railways is working on a plan to increase revenue in the passenger segment, which will not involve raising fares. Railways has decided to shift its focus on premium trains and will concentrate only on four categories of trains – Tej
Add To LightboxCalculate Price

Six goals for sustainable development
DNMUM416728 | 6/22/2018 12:00:00 AM | Author : Nitya Rao and M S Swaminathan | WC :714

The beginning of this year marked the transition from the UN Millennium Development Goals (MDGs) to UN Sustainable Development Goals (SDGs).  There have to be transparent and reliable indicators to measure sustainability in its various dimensions. Th
Add To LightboxCalculate Price

Midsize Samurai
DNMUM416667 | 6/22/2018 12:00:00 AM | Author : Jay Patil | WC :931

Japanese major Toyota finally entered the mid-size sedan segment with the Yaris. Rivalling some of the most established cars in the segment, the Yaris has a tough challenge ahead with Maruti, Hyundai and Honda. On paper, the sedan seems t
Add To LightboxCalculate Price

Born in the USA
DNMUM416668 | 6/22/2018 12:00:00 AM | Author : Arun Nadar | WC :651

The Harley-Davidson Low Rider is among the iconic American brand’s most popular motorcycles ever since made it made its debut in the 1970s. Given its straightforward and uncluttered lines, the Low Rider was also preferred by custom motorc
Add To LightboxCalculate Price