It’s assumed that you haven’t been handling your taxes properly if you believe you’ve been paying a significant portion of your income in taxes. There are various strategies for lowering your tax burden that offer tax deductions and other benefits. Section 80C, Section 80CCC, and Section 80CCD deductions are some of the most practical strategies …
Most professionals look forward to receiving that crucial text message on the last day of the month notifying them that their bank accounts have been credited with their salary. Most people consider their salary income to be a ticket to spending and meeting their monthly EMIs. As salaried employees in India, different investment options exist …
Any profit or gain which arises from the sale of a ‘capital asset’ comes under the head ‘income.’ Therefore, you will need to pay tax for that amount in the same year in which capital transfer has taken place. This is called capital gains tax. There are 2 types of capital gains tax: Short-term capital …
Hybrid funds are popular among investors for the fine balance they provide between risk and reward. There are sub-categories within hybrid funds including aggressive hybrid, balanced advantage and equity savings, which are preferred among investors. The selection between the three should rely on the investment horizon and therefore the risk-taking ability of the investor. Equity …
Equity Savings Scheme: A Tax-Efficient Funds For Conservative and Moderate Investors Read More »
Buying a duplex house; an SUV car; surplus for your kids’ education abroad; Annual international holiday; and last but not the least luxurious post-retirement life; etc. some people dream about it and some even don’t discuss it as they are sure, they will not be able to achieve it with their set income. Do you …
Dreaming with Closed Eyes & Bringing to Reality with Open Eyes Read More »
Tax saving mutual funds or Equity Linked Savings Schemes (ELSS) facilitate every investor to save a lot of taxation under Section 80C of the IT Act. One can invest a maximum of Rs 1.5 lakh in ELSS and claim tax deductions on their investments every year. The government of India allows tax planning under Sections …
Tax Saving Mutual Funds or ELSS to Invest in 2022 Read More »
