Obvious answer is no because most women will have to manage their finances on their own at some point in their life. As a woman you are better off in life earning and managing your own money. You neither can prevent your husband from leaving you or taking another wife nor can you prevent your kids betray you in old age. But you could have some of your dignity if you didn’t have to beg them for financial support. You may also have to finance your ageing parents.
That’s why it is it is very important for women to have a strong understanding about how to manage their finance, and invest for their own future. But general tendency amongst women is that they are very reluctant to discuss their finance with anyone else, including their life partner.
In general, it is seen that women can discuss their personal, family or even love matters with friends, medical issues with a doctor, but when it comes to talking about money and investments they are very tight lipped. Behind women’s resistance to discuss about money matter lies lack of confidence in their knowledge of financial planning and investing. This lack of confidence is really self-imposed one, completely unwarranted and mostly due to earlier habits, sometimes dating back to childhood spent watching men handle finances in families. Traditionally, women have demonstrated stronger saving rates than their male counterparts and enjoyed better long-term investment performance whenever they did take initiative in this regard. Unfortunately, too many women still hesitate to take control of their finances.”
Let’s start with understanding ‘Rental Income’. When you rent out your house or a commercial property or a land appurtenant and the income earned is known as rental income. This rental income which is not used for business or profession is added under the ‘Income from House Property’ is subject to Income tax.
Income tax act requires an assessee to disclose all house properties owned by him in his Income tax return. In case of multiple house properties, only one property can be claimed as self-occupied (if not rented out) and others are to be compulsorily considered as let out (i.e. deemed let out). The deemed let out declaration is a rule even if the said house property is vacant or self/family occupied and no rental income is earned on it.
Are you looking for saving tax on such a rental income generated from house property owned in India? This blog shares some insight about rental income, its components and various ways to reduce the tax with the deductions available on such rent received.
Let us discuss how to plan and reduce your tax burden on rental income.
Higher rental income consideration : Based on Income tax act, taxpayers can declare a higher rental value property as his self-occupied property if he owns multiple ones in the same city. One can compute notional or deemed rental value on the other properties on declaration and pay the income tax.
Budget is already a few days old and the common man is still curious to know what impact this budget will have on his daily life.
Some of the important focus areas in this budget were affordable housing, relief to small taxpayers, simplification of taxes, and creating a pension society.
The FM also proposed promotion of tax compliance by simplification of procedures and penalize the non-compliant.
With that in mind, he has proposed one time settlement scheme for those who want to come forward and comply by paying 45% tax on undisclosed income.
How to Send Messages To All Facebook Friends At Once
Steps To Send Messages To All Facebook Friends At Once :
First of all you must have the latest version of Google chrome as the extension we are going to discuss right here might not work perfectly with the older version of Google chrome.
Now in your Google chrome add the extension Social Media Toolkit For Facebook there are some features in extension that are actually paid and that is why we have given the tutorial to activate this extension all for free.
After getting this extension in your browser login to your Facebook account where you want to send a single message to each and everyone.
