Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: due date for vat payment :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: VAT RATES :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: empanelment :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: VAT Audit
 
 
« General »
 Banking transaction tax to have cascading effect: NIPFP
 While filing tax in India, NRIs do not have to state overseas income
 Tax ease on cards, some daily use items may become cheaper
 It’s one year of GSTN, too
 SBI home, auto loan interest rates cut, set to be effective from Nov 1
 MNCs will have to furnish extra disclosures from March 2018
 High Court Allows Woman To File Income Tax Returns Without Quoting Aadhaar
 If tax status is no longer NRI, all your income is taxable in India
 Tax Benefits from Different Types of Loans under the Income Tax Act, 1961
 Do you have any question about tax filings? Now, chat online with income tax experts to clear your doubts
 DHFL loan to Manpreet Estates under tax scan

Confused about tax saving? Here's how domestic market boom can help
February, 17th 2016

With rising income comes the burden of managing increasing taxes. But with a little time on hand and some early deposits, the tax pinch may not be as bad as 30% sounds.
A handsome inheritance may feature zero tax liability experience for some. But for most of us, it is a confusing world with information overload. Hundreds of plans and policies vie to grab eyeballs but do nothing to simplify choice for an investor.

With rising income comes the burden of managing increasing taxes. But with a little time on hand and some early deposits, the tax pinch may not be as bad as 30% sounds.

With January already gone, this is the time financial planning gathers full steam with the aim to minimise loses. However, it is surprising that so many investors blindly turn to FDs, PPFs and NPS as their first priority despite alternatives.

Let's look at one such plan, the Birla Sun Life Tax Relief 96. It is an open-ended Equity Linked Savings Scheme (ELSS) with a lock-in of 3 years from the date of allotment. With its inception dating back to March 1996, the scheme aims to generate long-term capital through a portfolio. It targets allocation of 80 percent equity and 20 percent debt and money market securities.

This product is suitable for investors who are seeking growth and investment in equity and equity-related securities with tax benefits under section 80C.

Meet Lifestyle Needs
ELSS is suitable for saving on tax outgo, creating wealth and meeting requirements of lifestyle needs. It is not suitable to fund your child’s education, marriage or retirement. Those who invest in this fund are qualified for tax benefits under section 80C ELSS. This means the investor can invest up to Rs.1 lakh a year and the amount will be deducted from their gross total income when income tax is being computed.

According to some experts, ELSS is a good option because the steep fall in crude prices may work as a boon for India. To see how returns of FD, PPF and ELSS differ, click here to analyse returns with a few easy clicks on the Birla Sun Life Tax Relief 96 customised calculator.

The Birla Sun Life Tax Relief '96 bring together the best of both worlds. Since investments are predominantly made in stocks of Indian companies, the value of your investment moves with the stock market in an Open-Ended Equity Linked Savings Scheme (ELSS). Although it comes with market-related risks, your money is diversified. It is spread out across stocks of multiple companies and monitored by an investment expert with an aim to minimize such risks.

While your money is locked-in for 3 years, you may opt for the dividend option and you can receive tax-free dividends during this time. This feature is unique to tax-saving solutions from mutual funds. When you withdraw your investment after 3 years, the returns (if any) are totally tax-free. You save taxes on both, your initial investment and on the returns (if any) too.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multimedia Presentations Multimedia Solutions 3D Solutions Corporate Presentations Business Presentations Multimedia Presentation India M

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions