The idea is to use it as a tax book while filing returns. However, instead of easing compliance, it has often increased the burden on taxpayers mostly because details related to equity transactions in the statement are inaccurate. To make matters worse, the onus of fixing the errors lies with the taxpayers. Experts said the … Read more
In India, where the traditional joint family system is evolving, and the burden of elderly care is increasingly shifting to individuals, retirement planning has become even more critical. Yet, many Indians remain unprepared, prioritizing current expenses over future security measures. A 2020 survey by PGIM Mutual Fund revealed that the majority of Indians prioritize immediate … Read more
In the event of my death, I don’t want my son to receive the entire amount in my mutual fund (MF) investments, bank accounts and term insurance payout in one go. How do I ensure that he gets the money in phases like how it happens through an MF systematic withdrawal plan (SWP)? Can you … Read more