PVS (Prashant V Shah)

– Authorized Education Provider of FPSB Ltd. (CFP Coaching and Study Material)

  • Join 796 other subscribers
  • Contact for Coaching and Study Material

    Prashant V Shah

    Ph: 92274 08080

    Email: pvs.cfp@gmail.com

  • Content to Purchase

    Study Texts with Pre-recorded sessions:

    Investment Planning Specialist

    Retirement and Tax Planning Specialist

    Insurance and Estate Planning

    CWM Level -2

  • Upcoming Batch


    Online Batch: August 2021

    Thursday: 7 pm to 9 pm Saturday: 7 pm to 9 pm
    Sunday: 11 am to 1 pm
    Fees: Rs.60,000

    Weekday Batch: July 2021

    Monday to Thursday: 4 pm to 6 pm
    Fees: Rs.75,000

    Duration: 8 months to 12 months


    Online Batch:

    Saturday 5 pm to 7 pm

    Sunday 9 am to 11 am

    Fees: 50,000

    Weekday Batch:

    Monday to Thursday: 2 pm to 4 pm

    Fees: 50,000



  • Blog Stats

    • 786,127 hits

Archive for the ‘Tax Planning’ Category

This module would cover the knowledge requirements relating to tax planning and estate planning for a CFP professional.

Amendments for Assessment Year 2013-14 for CFP

Posted by Prashant Shah on February 8, 2013

Tax Rates:

For Individual (Man and Woman both):

Net Income

Income Tax Rates

Up to 2,00,000


2,00,000  to 5,00,000


5,00,000 to 10,00,000


Above 10,00,000


Capital gains:

  • CII for AY 2013-14: 852
  • Extension of capital gain exemption under section 54B to a Hindu Undivided Family

Income from other sources:

  • Any sum of money or property received by a HUF without consideration or for inadequate consideration from its members exempt from tax

Deductions from Gross Total Income

  • Life insurance premium up to 10% of minimum capital sum assured to qualify for deduction under section 80C, in respect of insurance policies issued on or after 1.4.2012.
    • Previously the same was used to be 20%
  • No benefit under section 80CCF from AY 2013-14
  • Introduction of section 80CCG:
    • One time deduction for investment by a resident individual in listed equity shares as per notified scheme
    • Example: Rajeev Gandhi equity scheme
  • Eligible age for senior citizen reduced from 65 years to 60 years for availing increased deduction under section 80D
    • Deduction for expenditure on preventive health check-up under section 80D
  • No deduction in respect of cash donation exceeding of Rs. 10,000 under section 80G
  • Deduction in respect of interest on deposits in savings accounts under section 80TTA
    • Deduction up to Rs.10,000 in aggregate to an assessee

Posted in CFP, Tax Planning | 6 Comments »

Sample Paper of Tax Planning for CFP by FPSB

Posted by Prashant Shah on January 7, 2013

FPSB has just released a sample paper of Tax Planning and Estate Planning.

Click to download questions: http://www.fpsb.co.in/Upload/CFPSampleQPaper/SamplePaper_TPEP.pdf

Click to download solutions: http://www.fpsb.co.in/Upload/CFPSampleQPaper/SuggestedSolutions_TPEP.pdf

We may have to wait a bit for the sample papers of the rest of the modules.

Posted in CFP, Practise Questions, Tax Planning | 31 Comments »