tax planning hni

www.finerva.com | support@finerva.com | +91-9787-11-11-66

Tax PlanningA HNI Perspective

Be an Businessman / Investor

• Thinking about Finance from the Businessman / Investor Point-of-View

– Why do you think Warren Buffet bought a used Rolls Royce

6 months ago?

– Why do you think Tata Steel bought Corus rather than

build a company on its own?

– Why do you think Jet Airways leased its aircrafts when it

began its business?

Cash flow should determine what you buy

This applies to your tax planning tools andalso for your expenses.

The Second House Model

• The IT department treats your second house as a business.

– Reason: The negative cash flow from Interest and Maintenance reduces your Receipts.

The Second House Model…

• Buy your first house not in your place of work but in your native place.

– Reason: You can continue to get untaxed HRA in your place of work.

The Consultant Approach

• Check if your company can give your take home as a Consultant.

– Reason: As a consultant, your expenses on car, its

driver, fuel, dinning out (in some cases), laptop,

broad band and telephone can be treated as

expense. This reduces your taxes considerably

Technology