Surya Manoharan

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Gift Deed Vs Will

The primary distinction between the two approaches lies in the timing of asset transfer. A gift deed takes effect immediately upon execution, transferring ownership to the donee during the donor’s lifetime. In contrast, a will becomes operative only after the testator’s death. Both methods have their advantages and disadvantages.

Smart Financial Strategies for the Self-Employed: Navigating Retirement Planning and Beyond

Self-employed individuals often experience fluctuating cash flows, making it challenging to save consistently, unlike salaried individuals.

Unlocking Crorepati Dreams: The 151515 Mutual Fund Strategy for Every Investor

Dream of becoming a crorepati? It’s more achievable than you think – and you don’t need a fortune to start! Discover the simple and accessible way to turn your financial goals into reality.

How Does the National Pension Scheme Help in Planning for Retirement?

The National Pension System (NPS) is a government-backed retirement savings plan in India. It’s suitable for both salaried and non-salaried Indian citizens, including those living abroad, who are between 18 and 70 years old. The system allows individuals to save money regularly for retirement.

How Can You Maximize Your Savings and Reduce Taxes with an ELSS Fund?

Equity linked savings scheme (“ELSS”) funds are a type of investment where you put your money mostly into stocks. They’re special because they help you save on taxes. When you invest in these funds, you can reduce your taxable income by up to ₹1,50,000 under a specific tax law (Section 80C of the Income Tax Act).

Is a YouTuber in India required to Pay GST?

Tax Implications: Under Section 13(12) of the IGST Act, 2017, this transaction is treated as ‘Import of Service’ since YouTube (service provider) is outside India, and the YouTuber (service recipient) is in India. However, since YouTube does not charge YouTubers for this service, there is no GST liability for the YouTuber under the Reverse Charge Mechanism (RCM).