Arvind Rao

How to pay tax and claim deductions for joint home ownership

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

Don't miss retirement goals for children's higher education

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

Review your insurance cover after buying a policy

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

Keep records of transactions or face penalty

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.

Changing jobs? Declare past income to new employer

Ensure you don't get benefits that get reversed, while filing returns.

Capital gains tax exemption for joint property also

New house need not be in the tax payer's name only.

Capital gains tax exemption for joint property also

Here's why you should get a personal accident cover

Individuals, proposing to take a personal accident cover, should also note that this policy is an annual renewable policy. And at every renewal supporting income documents need to be submitted to justify the cover taken.

The ifs and buts of capital gains

The law does not allow clubbing of Section 54 exemptions for reinvestment purposes.

Going on holiday? Plan finances first

Avoiding financial planning could mean spending more on the holiday.