Income Tax & Estate Planning Services
INCOME TAX
We provide Income Tax related services to Individuals (including Doctors, Architects, Industrialists, and Non Resident Indians -NRIs). One needs to familiarise with the various Deductions and Exemptions available and find out Net Taxable Income. One needs to understand the nitty-gritty of the taxation structure and accordingly plan the tax liability. Our professionals work in total coordination with tax-payers to save their taxes and also in proper planning of tax-related needs.
Estate Planning-Advisory of Inheritance Laws
We all are concerned with building wealth for ourselves and our family. Estate is all the property that you own. It can include cash, clothes, jewelry, cars, houses, land, investment, etc. Estate Planning involves making plans for the transfer of your estate after death including allocation of assets to heirs and the settlement of estate taxes. The objective of estate planning is to make sure that most of your estate is transferred to your heirs/intended beneficiaries taking into consideration the tax planning aspect. It is commonly believed that estate planning is meant for the wealthy. However, even people with modest wealth should also be concerned with the appropriate and effective distribution of wealth at death. We provide complete consultancy and take care of all the procedures in this regard.
What is a Private trust?
A private trust is constituted for the benefit of one or more individuals who are, or within a given time maybe, definitely ascertained.
When the trust is established for family members, relatives, friends, etc. then the trust is called a Private Trust.
The formation of a private trust gives this transaction a legal form and guarantees that money is used only for the benefit of his/her family and in the way the trustee wishes it to be handled.
Benefits of a Private trust:
- Effective and efficient mode of managing and passing of family assets.
- In creation of Trust, court does not oversee the process unlike at the time of execution of Will.
Safeguards interest of family members including maintenance of members with special needs. - Avoids family disputes.
- Conditions can be attached such as attainment of particular age/fulfillment of authors’ wishes.
“It Is easy to buy or invest – but – its tough to pick the right”