Contents

Glossary of Abbreviations

Preface

Finance Act, 2012: Neither Cruel Nor Kind

Section - I

01. Wonderland of Investment — Taxes

02. Wonderland of Investment — Avenues

03. How to Compute Income Tax

04. Capital Gains — A Lesson in Mathematics

05. Capital Gains on Gifted Assets

06. Planning the Pay Package

07. Use your Spouse to Save Tax

08. Woes of Housing Loan

09. Sec. 54F

10. Is 'A' House = One House?

11. Buy Term and Invest the Difference

12. Insurance — Human Life Value

13. Dividend stripping — MFs

14. Sale of Property to Builder

15. EET = TEE

16. 80G & 80GG : Circular Relationship

17. Transactions in Shares & FAO

18. Leave Salary Woes

19. Extra Salary & Sec. 89

20. VRS — Accept or Reject

21. India has Become a Tax Haven

22. Planning for Your Child

23. Preparation of a Will

24. Capital Gains Account Scheme

25. Bounced Cheques

26. Golds Glitter Gone

27. Chit Funds : Keep Off

28. SEBI, Wake Up!

29. Interest-free Loan or Gift

30. Superannuation Fund (SAF)

31. A Checklist for Tax Returns

32. Contain Inflation

33. Shares: Improve Quality of Portfolio

Section - II

Kinks in Tax

34. Gift and Wealth

35. House Property

36. Hindu Undivided Family

37. Income Tax

38. Life Insurance

39. NSC-Etcetera

40. Mutual Funds

41. Public Provident Fund

42. Miscellaneous

43. Salary