Public Provident Fund ( PPF ) – A must have investment.

Since my early days I have always heard my father talking about The Public Provident Fund (PPF) and he has always advised everyone to go for it. I always wondered why he was so much after PPF and now I realise why PPF can be of great help and advantage after knowing the scheme properly. My father started investing in PPF accounts for me and my sister since we were born besides for himself and my mother and now I have also started for my new born son. I also do it for my wife from the day we got married. Sometimes it feels like It’s the old school of investment but it should be a part of the portfolio for sure.

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Tax Structure in India – Funny but TRUE !

TAX STRUCTURE IN INDIA

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1) Qus. : What are you doing?

Ans. : Business.
Tax : PAY PROFESSIONAL TAX!

2) Qus. : What are you doing in Business?
Ans. : Selling the Goods.
Tax : PAY SALES TAX!!

3) Qus. : From where are you getting Goods?
Ans. : From other State/Abroad
Tax : PAY CENTRAL SALES TAX, CUSTOM DUTY & OCTROI!

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