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Want to Pay Less Tax? Here’s How the Wealthy in India and NRIs Do It!

GST Composition Scheme: A Boon for Small Businesses
21 Oct 2024

Want to Pay Less Tax? Here’s How the Wealthy in India and NRIs Do It!

Wealthy individuals in India and NRIs take advantage of innovative strategies to reduce taxes and maximize savings:

- AIF Investments: Alternative Investment Funds provide tax benefits and help diversify portfolios, making them a favorite among affluent investors.

- DTAA (Double Taxation Avoidance Agreements): NRIs benefit by avoiding double taxation on the same income across India and their country of residence.

- REITs & InVITs: Real Estate Investment Trusts and Infrastructure Investment Trusts offer favorable tax treatment on capital gains while generating passive income.

- Section 80EEA: Additional tax deductions for interest on affordable housing loans are a smart way for investors to benefit from tax breaks while growing property value.

- Family Trusts: Wealthy families use trusts to split income and ensure lower tax rates for family members.

These strategies help the wealthy optimize their tax liabilities while growing their wealth. Are you ready to adopt them?

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