Wednesday, February 13, 2019
Thursday, February 18, 2016
How to save tax through Mutual funds
Most people are either unaware or afraid to invest in mutual funds and other equity related investments, terming it the preview of the super rich. Even many who use them are unaware of their potential to not only give rich dividends over time but also save your money from the taxman
Investments in Equity Linked Saving Schemes (ELSS) of approved Mutual funds up to Rs 150000 are exempted from Income Tax according to the section 80(c) of Indian Income Tax Act. This provide a golden opportunity to save tax along with good returns.
Catch: Any investment in such funds has a lock in period of 3 to 5 years. But remember ; any investment in mutual funds or equity instruments, to be safe and ideal, should be ideally for at least 2 to 3 years to get maximum profit.So a lock in to sbe suitable se tax in same period is a bonus
How to choose a ELSS ?
Almost all Indian Fund houses like Reliance, Birla, SBI, or UTI provide tax saving schemes with varied investment portfolios. While selecting a scheme, you should look closely at not only its current earnings but also its investment portfolio. Further risk status of the fund also need to be
Suitable for your needs. If properly selected ELSS can help you save tax and save money
Investments in Equity Linked Saving Schemes (ELSS) of approved Mutual funds up to Rs 150000 are exempted from Income Tax according to the section 80(c) of Indian Income Tax Act. This provide a golden opportunity to save tax along with good returns.
Catch: Any investment in such funds has a lock in period of 3 to 5 years. But remember ; any investment in mutual funds or equity instruments, to be safe and ideal, should be ideally for at least 2 to 3 years to get maximum profit.So a lock in to sbe suitable se tax in same period is a bonus
How to choose a ELSS ?
Almost all Indian Fund houses like Reliance, Birla, SBI, or UTI provide tax saving schemes with varied investment portfolios. While selecting a scheme, you should look closely at not only its current earnings but also its investment portfolio. Further risk status of the fund also need to be
Suitable for your needs. If properly selected ELSS can help you save tax and save money
Saturday, March 31, 2012
Safest tip of the week: Bleed King Fisher Aitlines. short at opening
Wanna make quick bucks in Indian Stock market? then follow this advice: start shorting King Fisher airlines(KFA) throughout next week from 2/04/2012 and buy back in a window of 35-50 paise everyday.The share, hit by bad news one after another, closed at 16.5 yesterday, 30/03/2012.Keep maximum volumes for good profit. BEST OF LUCK!
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