As you are aware, Budget 2020 got a slew of changes for Non-Resident Indians (NRI). We endeavour to collate announced provisions and its impact for you. Residential status criteria under section 6 There are three provisions announced, which you should take note of regarding Residential status. New provision for taxation introduced based upon residency status. […]
Warren Buffett’s annual letter to shareholders of Berkshire Hathaway provides deep insights into how he and his partner Charlie Munger are thinking about investments. His net worth is USD 91 billion (about Rs 6,50,000 crore). 99% of his net worth is invested in a single stock. At the age of 89, he doesn’t want to […]
This one is for all you yogis, meditators, and Buddhists out there. You want to achieve enlightenment? The key is not in down dogs and green smoothies. The key is budgeting. I know that sounds crazy. But take it from Thich Nhat Hanh, “budgeting leads to enlightenment.” I’m just kidding, Thich Nhan Hanh didn’t say […]
Combined contribution above 7.5 lakh in PF, NPS and superannuation fund would be taxed from 1 April. The Budget has been a shock for high salary earners. On the chopping board is a critical tax benefit. If the employers combined contribution to the Provident Fund, National Pension System and superannuation fund exceeds Rs.7.5 lakh a […]