Passive Income Creations

BACK TO BASICS
What do you want
• Your monthly expenses are 50000 a month – yearly 6 lacs
• You have 1.2 crore in bank
• Interest income is Rs. 7 lacs yearly

• So, all set – good to go?

Source of Passive Income
• Rental Income
• Income From Equity & Mutual Funds
• Franchise Owned Company Operated Business
• Consultancy
• Your Own Business
Parameters to create Passive Income
• Excel
Role of Loan in Creation of Passive Income
• Extra return on borrowed capital

• For people who have sufficient insurance and emergency fund

Decrease Tax Liability On Passive Income
• Single Child of your parents
• Major person in family (preferably spouse)
• Nuclear family (HUF)

• Ensure the asset is yours at all times

HUF As An Entity
HUF – HINDU UNDIVIDED FAMILY
Creation Of HUF
• Family – your entire family starting from you
• DEED is to be created
• Apply PAN

Viplav Majumdar HUF

(Karta)
Sources Of Income In HUF

• Any income as gift is taxable for HUF

• HUF has no relative

• Members can not gift to HUF

• HUF can do business also (genuine)

Thank You!