Financial security of the family is always a concern for most people and this is more so for a single parent, because they do not have any other support. Hence for single mothers/widows it is very important to plan early.
Finance Minister Pranab Mukherjee
today said the proposed Direct Taxes Code (DTC) will address
the issues like MAT on gross assets, shift to new method of
taxation on savings, exemptions on home loans.
The government is debating the need for changes in its tax laws including that on saving schemes, capital gains of non-residents and tax agreements with various nations, the Finance Ministry said in a statement on Thursday.