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| Secure your family by taking Insurance |
Smart Investing Tips and Tax savings strategies
It is a tendency of people do their investment planning at the end
of the Financial year which is March ,hence majority of life insurance
policies are purchased on tax considerations only and that too in the last
quarter of the financial year. No wonder, many of end up committing some
mistakes while buying insurance, just in a hurry to save tax. However, now that
we are through with the last minute activity, and have entered into the new
financial year, it is time that we take a fresh look at the various provisions
on insurance as contained under the income tax laws.
Here I would like to throw light on the aspects of tax treatment of Life Insurance
Premium as well as tax treatment of money received from insurance company.
Taking a Life insurance policy is about taking a policy which helps you with
both securing the future of your dependents as well as give you a decent return
on Survival.
