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LIFE IN FORWARD GEAR WITH REVERSE MORTGAGE!

Needy Senior Citizens can raise Funds against their House Without any pressure for Sale or concern for Borrowing           Chinubhai Raval, a senior citizen aged 70, is living in his house at Ahmedabad, the present market value of which is Rs.25,00,000. Since their children have neglected them, the Raval couple is all on their own, having scarce financial resources to maintain even a decent livelihood. Their grave...

GLOBALISE YOUR INVESTMENTS!

Sell a Land in Ahmedabad & Enjoy Tax Exemption Via Investment of an Apartment in London! It may appear too good to be believed, but it is true! With the Foreign Exchange Management Act (FEMA) having liberalized remittances by resident Indians for their annual overseas investments upto US $ 2,00,000 and with the Income-tax Act enabling tax exemption of long term capital gains (LTCG) in case of an investment made...

HOUSE NO.2 CAN BE YOUR CHOICE NO. 1 !

Interest Deduction available for Second Housing Loan? Several readers have been asking this common question, “Can a taxpayer also avail tax benefits in respect of his investment in a second house, when he is still availing the same in regard to his first one?” Let us deal with this issue today. TAX BENEFITS FOR HOUSING LOAN  The tax benefits that can be availed of in respect of a housing loan can be broadly...

HOW TO PLAN ZERO TAX ON ANNUAL PAY OF RS.4.50 LAKHS?

Minimize Tax on even Higher Incomes Through Intelligent Pay Packet Planning! Are you aware that as a salaried taxpayer you can conveniently structure your annual pay package of up to Rs.4,50,000 on a Zero Tax Basis?This would ofcourse depend on the kind of allowances and perquisites you receive keeping in view the facts and circumstances of your case. Readers will recall the elaborate elucidation of such allowances...

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