Family businesses are incredible legacies, but they often hit a point where the next generation’s diverse paths can create a need for a new structure. Your family, with its rich 50-year history in silver jewelry manufacturing, bullion, and coin trading, is at just such a crossroads. The fact that you already have a mutual consensus … Read more
Kotak Mahindra Bank has rolled out the Solitaire Credit Card, an exclusive, invite-only offering for its high-net-worth customers. This card is a key component of their new Solitaire banking program, designed to cater to India’s growing affluent segment. Solitaire Credit Card: Premium Perks The Solitaire Credit Card boasts several top-tier benefits: The Invite-Only Solitaire Program: … Read more
India’s wealthiest individuals are employing a strategic financial maneuver: earning their fortunes in India while opting to invest and ultimately retire abroad. This trend, highlighted by finfluencer Akshat Shrivastava, is largely driven by India’s tax policies. Why India is for Earning For the ultra-rich, operational income derived from businesses in India, such as ports and … Read more
The Hindu Undivided Family (HUF) offers Indian families a unique way to manage assets and potentially save on taxes. However, as aspiring Chartered Accountant Krishna Prasath points out, it’s crucial to understand the intricacies involved beyond just the financial benefits. An HUF isn’t merely a tax-saving loophole; it’s a separate legal entity with its own … Read more
Tax for Non-Resident Indians (NRIs) in India can feel complicated, but there’s a powerful way for them to pay zero tax on certain capital gains if they play their cards right. While most NRI income like rent, dividends, and interest is taxable in India, strategic reinvestments can unlock significant tax exemptions. The NRI Tax Advantage: … Read more
The Hard Truth: Is India’s Middle Class Financially Blind? An unsettling observation from analyst Hardik Joshi is sparking a crucial conversation about India’s middle-class financial habits. His blunt take? We’re teaching our kids to ace the IIT entrance exam, but not how to file their income tax returns. We’re buying gold by the kilo and … Read more