Friday, July 11, 2008

How to save tax and build a corpus for your children

How to save tax and build a corpus for your children: "Now that the gift tax has become history, many people have started giving gifts to their close family members, left right and centre.

We were very much surprised to find a grandfather approaching us to ask whether he should choose CGGF of UTI or PPF for his three minor grandsons because gifts are now free from tax. He has five granddaughters, but he wasn’t interested in them. Strange!"

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