There is lot of confusion among many of us about Taxation for Non-ELSS Mutual Funds. Let us try to answer this question with very simple examples.
Its Fiscal Year Ending and all we have in our priorities is tax savings and many users ask me about ULIP and so here I come with the all you need to know about ULIPs in practical terms. What it is ? How you can benefit from it? What are the features any ULIP should have? Why ULIPs are so popular?
After my post on Better Way to Save Tax there were lots of emails where I am asked about the new tax code proposal and my view on it and so today I thought I will clarify it for once and for all.
It’s that part of the year when everyone is looking for ‘tax saving’. Normally we look at sections like 80C and 80D, figure out what qualifies for deductions and proceed to make those savings and investments. But have you ever asked if there is any better way to Save your Tax? I will discuss few of the ways and see if you can better your way of saving Tax.
This is the second post of the best series of 2009. First was on Investment and second on Tax
After suggesting Best Tax Saver Funds on the basis of dividend the question of many readers of the blog is. What they should choose, Dividend or Return?
Paying tax is not your only duty but even filing tax returns. I would list some benefits of filing your tax returns and why you should File your Tax Returns?
List of some of the best Tax Saving mutual funds. The list of funds selected are based on criteria of consistent dividend for a long period of time.
I am making this statement because ELSS comes with a mandatory lock-in period of three years. This happens to be the smallest lock-in period that is available in the 80C basket. You can compare this with PPF, which matures in 15 years, NSC in 6 years and FD requires five years to get the tax break.
Its high time when every one of us start looking for saving tax and so I thought would make a post here where you can find all the funds where you can invest to save your Tax. This are all Equity based ELSS Funds.
Did you know that you can save taxes on the Rs 1 lac limit (the limit under Section 80C) yet invest much less than that? Sounds impossible, doesn’t it? I have done the same last year and will be doing the same this year.