Wealth Whispers, Not Shouts: The Quiet Rules of Building Lasting Wealth “The loudest voices in finance rarely stay the richest. True wealth is built silently, with patience, principles, and discipline.” In today’s world of viral trends, market noise, and fast-money promises, it's easy to believe that building wealth must be loud and risky. But if you study the world’s most successful investors and wealth creators, a different story emerges—one where wealth whispers, not shout

Points to consider before opening. -how to select,  -taxation,  -mode of holding,  -how to operate,  -& investment through NRE/ NRO account Mode of operation NRO account is opened to maintain funds generated form Indian income source, so if source of income is India open NRO account -you can deposit in Indian as well as foreign currency & withdraw in Indian currency -transfer of funds from NRO account to another NRO account can be done but funds cannot be transferred to

Tax treatment of gifts received by an individual or HUF & tax implication of gift by Resident to non-resident -Taxability of gifts lets understand with practical examples: -Gifts can be classified as monetary and non-monetary gifts (example movable and immovable property) in current post we have covered monetary gifts. -Monetary gift received in cash, cheque, draft, is taxable if money received during the year exceeds Rs.50,000. -Exemption to the above rule, that is monetary

Section 80C covers principal repayment of home loan & 24(b) covers interest repayment of home loan Home Loan Principal amount claimed under section 80C will be disallowed if sold within 5 years   Section 80C(5) states that in case the assessee transfers the house property on which he has claimed tax deduction under Section 80C before the expiry of 5 years from the end of the Financial Year in which the possession has been obtained by him, then no deduction and tax benefit on

Before investing in land or apartment please check points below- a) Check there is no water body, railway crossing or Kaluve (lake) or high-tension wire near the property, as per NGT order Minimum distance should be at least 50 to 75 meters from the lake edge. As per the Indian Electricity Act, buildings should maintain a horizontal distance of 1.2 meters from 11 kV lines and four meters from 66 kV lines. Banks may not provide loan on such property, also re-selling such prope

Features Old Regime New Regime Standard Deduction ₹50,000 ₹50,000 Section 80C (Investments) Up to ₹1.5 lakh Not Available Section 80D (Medical) Up to ₹25,000 (self) ₹50,000 (senior citizens) Not Available Section 24 (Home Loan Interest) Up to ₹2 lakh Not Available Section 80E (Education Loan Interest) Full interest paid Not Available House Rent Allowance (HRA) Available Not Available Leave Travel Allowance (LTA) Available Not Available Income Tax Rates Slabs with deductions L