Network FP Thinktank is an Online Professional Journal by Network FP wherein we share the articles written by top-class financial advisors and industry thought leaders from across India and the world.
How to help individuals choose between the Old and New Tax Regime for FY 20-21
Arvind Rao
Founder, Arvind Rao & Associates
May 5, 2020
Reading Time: 2 minutes I remember my friend Abhishek (the last one from my college group who got married just last year) and his happiness when he announced (in May 2019) that he was going to get married in December 2019. Initially, for him, it was like he just couldn’t wait for these months to get over and be […]
Read MoreDoes the IT department reverse penalties?
Arvind Rao
Founder, Arvind Rao & Associates
August 29, 2019
Reading Time: 5 minutes Step 6 of the SFA Blueprint talks about retention. We all understand that client retention is often harder than client acquisition. In this world of ever growing competition, we need to constantly create and display value in our clients’ finances and life. We want them to reach out to us first when there is any question that they have, money-wise. This kind of right on the client’s mind demands great responsibility on us, a responsibility of constant learning, innovation and conscious looking-out for the client. This week’s interesting piece by Mr. Arvind Rao talks about some penalties that the Taxman can levy on an assessee and how some of them can be reversed. This bit of information is sure to get you a foot in the door with new clients and undisputed attention from your existing ones…
Read MoreHas your client recently sold a property?
Arvind Rao
Founder, Arvind Rao & Associates
July 26, 2019
Reading Time: 4 minutes Most of our clients make sale transactions with respect to their capital assets at some point in time or the other. Each such transaction brings with an implication and liability of taxation. While most clients are completely clueless about these implications and the options made available to them by law to save taxes incurred under such transactions, some others have very limited knowledge of the very basic provisions. As their financial advisor, it is imperative for you to be updated with what is specifically expressed by the concerned laws and what is implied by various cases on this matter decided by the tax authorities. This week Mr. Arvind Rao gives us a crash course in this topic. This quick read is sure to empower you to advise your client better in these matters.
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