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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
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Dhanteras: Investment or token buy?
DNMUM398793 | 10/17/2017 12:00:00 AM | Author : Kumar Shankar Roy | WC :617

Dhanteras is important for Hindu households and buying gold on this day is considered to be auspucious. Given that gold trades at Rs 30,000 per 10 gram and should be a small portion of your investment allocation, how prudent is it to investment in th
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Consolidation in finserv at an inflexion point
DNMUM398794 | 10/17/2017 12:00:00 AM | Author : G Chokkalingam | WC :449

IndusInd Bank has formally announced the acquisition of Bharat Financial Inclusion. The valuation of this acquisition is over 5 times Bharat Financial’s adjusted book value as on March 31, 2017, and 53 times its net profit in FY2017. Such attractive
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Fireworks on St:Sensex, Niftyscale new highs
DNMUM398798 | 10/17/2017 12:00:00 AM | Author : DNA Money Correspondent | WC :320

Mumbai: The stock markets scaled new peaks in the truncated trading week ahead of Diwali, buoyed by encouraging start to second quarter results, falling inflation and positive comments by International Monetary Fund (IMF) chief Christine Lagarde.
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NIIF, Abu Dhabi ink $1 bn investment deal
DNMUM398799 | 10/17/2017 12:00:00 AM | Author : DNA Money Correspondent | WC :281

Mumbai: The National Investment and Infrastructure Fund (NIIF) announced the signing of an investment agreement worth $1 billion with Abu Dhabi Investment Authority’s (ADIA) wholly-owned subsidiary.
The government of India had set up NIIF as a qu
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