For decades, the average Indian saver has relied on fixed deposits for one simple reason: they feel safe. The interest is guaranteed. The outcome is predictable. But over the past few years, people have begun to ask better questions. Is this enough? Am I actually growing my wealth? Can something else do more for me? [...]
Many Indian families consider whether they can buy property in wife’s name to save tax. It sounds strategic, especially if the wife has little or no income. The assumption is that rental income or capital gains arising from such property will be taxed in her hands, reducing the overall tax burden on the family. But [...]