tax planning hni
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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?
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Cash flow should determine what you buy
This applies to your tax planning tools andalso for your expenses.
www.finerva.com | [email protected] | +91-9787-11-11-66
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.
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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.
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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
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