Dinesh Rohira, the founder and chief executive of 5nance.com, shares some details on some investments in India which are exempt from tax or can be used to offset taxes: Invest in tax-saving equity mutual fund schemes and ELSS funds, which are equity-oriented mutual fund schemes that invest in a diversified portfolio of Indian stocks. These schemes come with a lock-in period of three years. If one is bullish on Indian markets and has a long-term view, such schemes are recommended for tax-free savings.
When buying a house, the buyer is allowed to avail deductions subject to an overall limit of 100,000 rupees per year on principal payments and full interest payments made during the year. For claiming this facility, the loan has be taken from an Indian financial institution.
Life insurance and pension plans: one can do a retirement plan with or without life cover using traditional plans such as endowment, money-back and a unit-linked insurance plan. There are a few insurers such as LIC that provide insurance cover for NRIs from the current domicile where all formalities are completed, subject to certain riders.
NRIs can buy health insurance policies in India for themselves, their family and also dependent parents and claim a deduction for the premium paid up to 35,000 rupees per annum (15,000 rupees in case of non-senior citizens and 20,000 rupees for senior citizens).
The interest payment towards educational loan taken from any bank or approved financial institution for higher studies for self or any of immediate family members (children, spouse) will also be considered for tax exemption.
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The Buckingham Murders
Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu
Director: Hansal Mehta
Rating: 4 / 5
The Perfect Couple
Starring: Nicole Kidman, Liev Schreiber, Jack Reynor
Creator: Jenna Lamia
Rating: 3/5
Mohammed bin Zayed Majlis
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BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5
Where to buy art books in the UAE
There are a number of speciality art bookshops in the UAE.
In Dubai, The Lighthouse at Dubai Design District has a wonderfully curated selection of art and design books. Alserkal Avenue runs a pop-up shop at their A4 space, and host the art-book fair Fully Booked during Art Week in March. The Third Line, also in Alserkal Avenue, has a strong book-publishing arm and sells copies at its gallery. Kinokuniya, at Dubai Mall, has some good offerings within its broad selection, and you never know what you will find at the House of Prose in Jumeirah. Finally, all of Gulf Photo Plus’s photo books are available for sale at their show.
In Abu Dhabi, Louvre Abu Dhabi has a beautiful selection of catalogues and art books, and Magrudy’s – across the Emirates, but particularly at their NYU Abu Dhabi site – has a great selection in art, fiction and cultural theory.
In Sharjah, the Sharjah Art Museum sells catalogues and art books at its museum shop, and the Sharjah Art Foundation has a bookshop that offers reads on art, theory and cultural history.
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