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User_gary Posted 16 years ago
Vocabulary
Instruments, tax sops
The impending Exempt-Exempt-Tax scenario should propel families to invest savings and liquidity not solely to save income tax. The implementation of the DTC could redefine the taxation structure in savings instruments and rationalise tax sops for home loans.
Goals such as retirement should be given a holistic view of long-term asset creation by employing a strategic asset allocation and risk management regime. The additional tax savings to the extent of Rs 20,000 in infrastructure bonds to be notified by the government should be seen in this perspective where the lock-in period and impact of tax on redemption need careful study..
Could you please explain to me the emboldened parts?
Source :
Goals such as retirement should be given a holistic view of long-term asset creation by employing a strategic asset allocation and risk management regime. The additional tax savings to the extent of Rs 20,000 in infrastructure bonds to be notified by the government should be seen in this perspective where the lock-in period and impact of tax on redemption need careful study..
Could you please explain to me the emboldened parts?
Source :
Top answer
instruments = financial methods. Savings instruments would include such things as bank savings accounts, term deposits, pension plans, etc. tax sops = tax deductions or tax credits.
- instruments = financial methods.
- Savings instruments would include such things as bank savings accounts, term deposits, pension plans, etc.
- tax sops = tax deductions or tax credits.
- Sop = a concession given to mollify or placate
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1 Answers
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instruments = financial methods. Savings instruments would include such things as bank savings accounts, term deposits, pension plans, etc.
tax sops = tax deductions or tax credits. Sop = a concession given to mollify or placate
tax sops = tax deductions or tax credits. Sop = a concession given to mollify or placate
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