Coca-Cola denies US consumer group’s claim that its colouring ingredient causes cancer; yet the company says it will modify its drinks in India like it has in California
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Tax brake
Think you pay too much tax? We give you a few tips on how you can invest to save
India’s progressive tax policies encourage tax payers to save and thus stimulate the economy through investment. Western countries don’t, for example, give tax breaks on investments in equity-linked saving schemes, but India does. Similarly, if you make a profit when you sell a house in India, you earn a tax break only if you invest that sum in another house. Otherwise, you must pay tax on income earned through capital gains.
So how can you take advantage of the many options to reduce your tax liability? Here we outline the main schemes, giving you an indication of the level of risk and returns. But, as with any investment, we recommend that you always seek advice from a tax professional before parting with your money.TO READ FURTHER... Please Login, Register or Subscribe Featured Articles
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