Understand all the tax components aka LTCG, tax on dividend and DDT for investing in equities (stocks or equity mutual funds) for the longer-term and then see if growth is a better choice of investment over dividend option or not
When a mutual fund pays dividends, the net asset value of the fund reduces by the amount of dividend being paid out. So reduces the investment in the market.
Profits of debt funds, gold & gold ETFs, real estate and other such investment can be adjusted against short term capital losses for saving tax.
Will the invested amount be considered for tax deductions if I miss a couple of monthly SIPs?
NO Public Provident Fund or PPF is not a smart choice of investment option for any investor whatsoever.
Answer to Question: My gross salary is approximate 12L and my net take home is roughly ~78,000 Rs per month. I think I am paying lot of tax and want to know ways to save tax. Can I save tax with a home loan?
The worst investment tend to happen in the month of February and March for saving tax and I realized I have been preaching the same on my blog.
How profit from short term investment i.e. investment for under 1 year in equity market can still save lot of tax that may need to be paid otherwise.
The best strategy for saving tax is to invest with minimum locked in period and save maximum tax with minimum possible to zero investment.
In 2009 I shared Best Tax Saving Funds and though the idea of finding the best tax saving ELSS fund is still valid, it makes sense to be sharing some new insights as well as the look into better option to save tax in 2013.
In the last quarter of fiscal when we approach the month of March, questions related to taxation hit my inbox quite often and one of the very common question is – Do I need to file my IT returns when I am in loss for my portfolio?
Let me answer the question. I am N years old and earn few thousands a month and have no investments so far. How much should I invest and where?
ELSS will not be an option once DTC is enforced. Till we have the option I am definitely going to use it to get Full tax saving without investing one lac into the Best dividend paying Tax Saving Funds.
December 15 is the last date for quarter’s Advance Tax Filling and this time I thought of registering myself at Income Tax India e-filling to view my fillings online. When you click on the register link it asks for a PAN Number. Once you provide a valid PAN number you can proceed further. The shock […]
Much talked New Direct Tax Code has hit very badly to mutual fund investors and mutual fund houses. ELSS and Dividend were two of the few better aspects of mutual fund investing are now history. Let us see in details each one of them.