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Description
Free from legal jargon and chartacterized by its lucid style andlogical approach, this book treasures a wealth of practical and innovative ideas for every taxpayer, keen to lawfully minimize his tax burden… and every investor eager to prudently maximize his return on investments.
With its unique spectrum of coverage and creatively fascinating presentation enriched through Case Studies, Illustrations and Queries & Replies, this book will provide you with an invaluable understanding and insight into the Art & Science of personal Tax & Investment Planning and soon become your trusted friend, philosopher and Guide on this subject.
This Practical Guide Presents 58 Chapters covering a wide range of Smart Strategies for Tax Saving, with some of the noteworthy highlights focusing on:
• Imaginative planning - Your Life Line for Tax Saving
• Tax Planning via Planning of Gifts
• Living in a Virtual Wealth-tax free World
• In-house sharing of income & Wealth
• Achieving major tax savings for minor’s Income
• HUF - your prize Status for tax Planning
• Tax Incentives for Housing & Property Income
• Planning your pay to be Happy & Gay
• Tax Saving Magic of 80C
• Enjoying Capital Gain without Tax Pain
• Deduction - To axe your Tax and Relax
• Managing your TDS and Refunds
• Skilful planning via Will & Family Settlement
• Investment Planning - The Guiding Stars
• Building your Investment Pyramid
• Seven Smart Strategies to Beat Inflation
• Your Platter of Foreign Exchange Entitlements
• Spreading your wings for Investment Overseas
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Contents
Section 1 - The Magic World of Tax Planning
1. Imaginative planning - Your lifeline for tax saving!
2. Tax planning via planning of gifts
3. Living in a virtual wealth-tax free world
Section 2 - Tax Planning - The Golden Secrets
4. Inhouse sharing of income and wealth
5. Achieving major tax savings for minor's income
6. HUF - Your prize status for tax planning
Section 3 - Own your own Home… Sweet Home
7. Tax incentives for housing interest & loan repayments
8. Tax bonanzas for property income
9. Gains tax exemptions via investment in residential house
10. Wealth-tax shelter for house property
Section 4 - Planning your pay to be happy and Gay
11. Planning a zero tax pay package
12. Pay package restructuring under FBT regime
13. Tax holiday on leave travel & medical facilities
14. Tax friendly status - Employee or consultant
15. Claiming income tax relief for arrears of salary
16. Bouquet of exemptions for retirement benefits
17. Enjoying tax free stipends & scholarships
18. Computing TDS on your salary income
19. On taxability of pensions & social security
Section 5 - The Tax Saving Magic of 80C
20. 80C - A sea of tax saving oppertunities
21. Buy, beg or borrow ... to avoid your tax sorrow
22. Tax breaks for your children's education
23. Investing in PPF - Peaceful prosperity forever
24. Saving tax via National Savings Certificates
25. ELSS bonanza - Tax saving with amazing returns
25. Bank on term deposits for availing tax saving
27. Reaping higher return on senior citizen savings
Section 6 - Enjoying Capital Gain without tax pain
28. No tax on sale of personal effects
29. Computing taxable gains - Enjoying concessions galore
30. Tax treatment for capital market transactions
31. Tax criteria for investor or trader in shares
Section 7 - Deduction - To Axe Your Tax & Relax
32. Tax stimulus for medical insurance
33. Tax support for the disabled & ailing
34. Tax incentive for higher education
35. Tax abatement for house rent payment
36. Tax concessions for contributions to charity etc.
37. Tax deductions for royalty and commission
Section 8 - Managing Your Tax Return, TDS & Refunds
38. How to ensure no or low tax deduction?
39. Filing your tax return - Don't sweat, keep it sweet
40. Practical guidance on claiming tax refund & interest
Section 9 - Skilful Planning VIR Will & Family Settlement
41. Where there is a will... everything is your way!
42. Tax planning via execution of a will
43. Family settlement can save tax & stamp duty
Section 10 - Investment Planning - The Guiding Stars
44. Investment Considerations - security - yield - liquidity
45. Building your investment pyramid
46. Evaluating your pre-tax and after-tax returns
47. Interesting features of simple & compound Interest
48. Appreciating present & future value tests
Section 11 - Investing with the times
49. Don't miss the golden opportunity knocking your door!
50. Na bull... na bear... bano market ke sher!
51. Sip the taste of healthy returns
52. FMP - Riding on multiple indexation
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Author Details
Mukesh M. Patel, An Eminent International Tax Expert, an Eloquent Public Speaker, a Dedicated Professor, a Popular Columnist, a Versatile Author, an Articulate TV Anchor, an extensive Globe Trotter, an Accomplished Photographer, a Centurion Blood Donor and a Champion of several worthy causes ... go to describe the multifaceted personality of Mukesh Patel.
He enjoys the honour and distinction of having been conferred with several International Awards and MUKESH M. PATEL Recognitions including Outstanding Speaker of the Twentieth Century, The Friend of NRIs Award, The Indo-Japanese Friendship Award & Imperial Medallion, The British Red Cross Salutation - The Cup of Joy & Life, Fellowship of the World Academy of Speakers, Outstanding Young Professional of the World and Honorary Life Membership of the International Tax Bar Association.
Jigar Mukesh Patel, graduated his LL.M. with honours in International Taxation from the Prestigious New York University School of Law in May, 2007. He received the International student leadership award from the New yourk University in recognition of his all round performance and outsourcing achievements. He was the first Indian amongst International Students from around 50 countries studying at NYU to have received this coveted honour.
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