Page 2 - Sanjeev Sinha

Medical negligence: Documentation, expert opinion key to court success

The complaint must be filed in the right forum and within the limitation period

TDS section applied by payer doesn't decide a person's tax regime

Choose 44ADA if your occupation is mentioned in Section 44AA(1); explain choice of regime with supporting documents

Tax notice? Joint owners must save documents showing who funded asset buy

At the time of purchase, both sides ought to make a formal declaration of beneficial interest and financial contribution

Buying home: Choose based on urgency, risk appetite, and financial capacity

Go for ready home if you need to move in instantly and can pay full EMI; under-construction if you prefer phased payments and can tolerate construction risk

Consumption funds: Rising volumes, margins may lift thematic offerings

But geopolitical risks could weigh on overall equity markets, including consumption segment

Secure and cared for: The rise of senior living communities in India

Market is rapidly expanding but moving to these premium communities requires careful financial and emotional consideration

Wedding gifts & taxation: Get donor letters for high-value non-cash gifts

Substantial cash gifts should be received via cheques or drafts

A step-by-step guide to filing timely and accurate income tax return

With the September 15 deadline about a fortnight away, begin now to avoid the last-minute rush and heightened risk of errors

Credit report: Check quarterly to spot repayment lapses, errors, and fraud

In case of inaccuracies and fraud, report both to the lender and credit bureaus

Participating life insurance plans: Suitable for steady, long-term goals

Be mindful of limited returns, low liquidity, and higher premiums than non-par plans

Term insurance plans for NRIs: Ensure policy offers global coverage

Verify insurer's claim settlement ratio, review sum insured limits, and check if medical examination can be done over video

New Income Tax Bill does not entail too many changes in tax planning

It will, however, make income tax laws easier to comprehend and adhere to for the lay taxpayer

Nominee, survivorship clause can ease heirs' bank account, locker claims

For claims without a nominee, heirs should be prepared to submit succession certificates or letters of administration for larger amounts

Want expert to decide fund picks, allocation, rebalancing? Go for FoF

Remember that these funds come with a double layer of expenses

Docs to delayed complaint: Why homebuyers lose legal fight against builders

Another reason for buyers weakening their own case is making inflated or unrealistic claims

Lender loses property documents: Apply to sub-registrar for title copies

Before you can do so, the bank must issue a non-traceable certificate, file an FIR, and publish a public notice in newspapers on your behalf

What to avoid in a will: Unequal shares, coercion, vague language

All of the above can lead to intra-family disputes; anyone making a will who anticipates acrimony should use of a family settlement to pre-empt it

Long-short funds: Check if shorting aims to cut risk or boost returns

Invest only if you are clear about the fund's strategy, risks, and role in your portfolio

Investors filing tax using LRS route must disclose foreign assets, income

Misreporting may invite penalty as high as Rs 10 lakh, can go up to 200 per cent of the tax due

Understand the legal and financial implications before gifting property

A registered gift deed transfers property ownership permanently and cannot be revoked unilaterally, unless specifically stated-donors and donees must plan with caution