Financial Planning – Tax, Retirement, Estate Planning

12345

Which of the following sections of the Income Tax Act in India provides a deduction for investments made in Public Provident Fund (PPF)?

Section 24

Section 80C

Section 10

Section 54

What does the term "estate planning" refer to?

The process of investing in real estate

The preparation for managing and distributing an individual\'s assets after their death

The selection of financial advisors for wealth management

Investing in equity and mutual funds

Which type of retirement account in India provides tax-free maturity and withdrawal benefits?

Public Provident Fund (PPF)

National Pension System (NPS)

Employee Provident Fund (EPF)

Senior Citizens\' Saving Scheme (SCSS)

Which financial instrument is commonly used for wealth transfer in estate planning?

Equity Shares

Will

Fixed Deposit

Recurring Deposit

Under which section of the Income Tax Act can individuals claim deductions for contributions made to the National Pension System (NPS)?

Section 80D

Section 80G

Section 80CCD

Section 24