ELSS vs SIP

Vidhi was looking to make some investments in the stock market to diversify her portfolio and also save tax. Since she had no experience in picking the right stocks, she considered mutual funds, and had heard that equity-linked savings schemes (ELSS) offered tax benefits. However, she didn’t realize that there were two ways of investing in an ELSS fund, and got conflicting advice from financial advisors. One recommended that she invest a lump sum amount while the other said she should start a systematic investment plan (SIP) and invest small…

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How to Save Capital Gain Tax in India

Rajiv sold off a significant portion of his equity shares to fund his son’s wedding. As tax returns season approaches, Rajiv is looking out for ways to reduce his long-term capital gains tax liability. He did not suffer any long-term or short-term capital losses that he can set off against the long-term capital gain, which means he has to look for other avenues to save tax. But how can he do that? Like Rajiv, there are many others preoccupied with methods of saving tax in the last three months of…

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HOW TO SAVE FROM EQUITY GAINS

How to save from equity gains Rajiv sold off a significant portion of his equity shares to fund his son’s wedding. As tax returns season approaches, Rajiv is looking out for ways to reduce his long-term capital gains tax liability. He did not suffer any long-term or short-term capital losses that he can set off against the long-term capital gain, which means he has to look for other avenues to save tax. But how can he do that? Like Rajiv, there are many others preoccupied with methods of saving tax…

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A BUDGET FOR ELECTIONS

A BUDGET FOR ELECTIONS It is the time of the year when expectations are building that the routine vote on account may turn out to be as eventful as a regular budget. The Narendra Modi led NDA government is likely to opt for a non-routine exercise and roll out measures that may be rewarded by the electorate. The government may make a few announcements in order to please rural voters and the urban middle class, who have many hopes on this budget. It is important to remember that government’s commitment…

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