Practical articles on taxation, accounting, business decisions, investing and long-term wealth creation.
A family may include a husband, wife and children. Under the Hindu Succession Act, daughters have the same coparcenary rights as sons. A daughter’s marriage does not by itself remove her rights in the HUF in which she is a coparcener.
Read ArticleChoose a registered partnership firm when: There are two or more trusted owners You want a separate PAN and GST identity for the business You want to keep compliance costs lower than a company Presumptive taxation may be beneficial You do not presently require outside equity investment The partners understand and accept unlimited personal liability
Read ArticleWhen ownership, responsibilities and decision-making rights are fair and transparent, families can stop fighting over the common pool and begin working towards a common purpose. That is when money supports companionship instead of controlling it—and family members can truly enjoy the beauty of being together.
Read ArticleLong-Term Capital Losses can be set off only against Long-Term Capital Gains. So need to plan to use these losses. But proper tax planning can significantly improve your post-tax returns and contribute to long-term wealth creation.
Read ArticleInvestment requires time. The period may be short, medium or long—but “short-term” does not ordinarily mean one hour or one day. Investment Is Like Building a Multi-Layered Earth.
Read ArticleEvery rupee you earn represents your time, effort, knowledge and hard work. Once your essential expenses and responsibilities have been met, the amount remaining becomes your savings. Investing is the process of deploying those savings thoughtfully across suitable avenues.
Read Article"Don't play with your money like it's a card game. It's your hard-earned money." ⭐ "Your money isn't a deck of cards. It's the result of your hard work. Treat it with respect."
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