Tax Planning

An HNI PerspectiveDate | Cognizant Technology Solutions

Finerva Financial Solutions Private Limited

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?

Finerva Financial Solutions Private Limited

Cash flow should determine what you buy

This applies to your tax planning tools and

also for your expenses.

Finerva Financial Solutions Private Limited

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.

Finerva Financial Solutions Private Limited

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.

Finerva Financial Solutions Private Limited

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