Financial Planning is planning for the future. It involves preparing oneself and their family for important events like child education, retirement planning, cash flow planning, taxation, vacation, health corpus creation and just about any event in the future. The above mentioned components form goals or the structure of the planning process. One needs to understand that Financial Planning is NOT only about investments. And it is definitely not just another fancy word for investing in stock markets. Financial Planning is a holistic […]
Importance of Financial Planning
Capital gains- Should one always invest in capital gains saving bonds?
When an investment property was sold by my client Ashok, in October 2016, he had 6 months to either pay tax on his capital gains or invest the gains in Sec.54EC capital gain bonds to avail tax exemption on the property purchased by him in June 2005. Financial Planning standards board of India article