If a couple is registered as joint owners of a property, the tax authorities expect both of them to show their income or capital gains from the house in their tax returns, says Arvind Rao, a chartered account and certified financial planner

Parens must start preparing to save fortheir children's higher education at an early stage.

Any insurance policy cannot be treated as a 'buy and hold' strategy like one may want to do with their investments.

It is the duty of a tax payer to record all his/her transactions, to explain sources of payments made by him/her and to declare the true income in the returns of income filed every year.