Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: empanelment :: TDS :: due date for vat payment :: ACCOUNTING STANDARD :: cpt :: ACCOUNTING STANDARDS :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India
 
 
« General »
 Tax Department To Launch 2nd Phase Of Bank Accounts' Scrutiny Next Month
 How to claim tax benefit on tuition fees under Section 80C
 Online Income Tax grievance redressal facility launched at 60 offices
 Demonetisation impact on government tax revenue marginal; direct tax personal income grew at above budget estimates
 ICAI seeks more accountability, transparency in defence sector
 Will Budget help double farmers’ income?
 Verify online deposits made post demonetisation, income tax department asks taxpayers
 Union Budget 2017: Best budget is do not change anything, do no harm, implement well
 Why salaried class deserves standard deduction
 3 new taxes that Modi government could introduce, but won't
 Tax gains may showcase demonetisation windfall

Make the most of ELSS till the tax sops last
July, 18th 2011

Equity linked savings scheme (ELSS) has been one of the favourite tax saving instruments with investors. Government policy to give push to equity savings led to extending tax benefit on the ELSS under Section 80 C of the Income Tax Act (up to investments of Rs 1 lakh).

With the coming into force of the Direct Tax Code (DTC), the tax benefit on ELSS will no longer be available from the next financial year (April 1, 2012) onwards. This prospect has several ELSS investors worried as to what will happen to the money they have already invested.

Assets

The apprehension of losing tax benefits as well as volatile equity markets had a negative impact on the fund flows of ELSS. Over the last one-year, there has not been any significant growth in the assets of tax-saving funds.

The assets have grown marginally by 0.18 per cent to Rs 24,914 crore as on June 2011 from Rs 24,868 crores as on March 2011. Dhruva Chaterji, Senior Research Analyst, Morningstar-India, says, One of the reasons is the continuous net outflow of funds from the category, except in the months (say from December - March) when tax-planning season is at its peak.

Also, volatility in the equity markets, especially in the months of January and February last year when the markets fell by around 10 per cent and 3 per cent respectively, took a heavy toll on the categorys assets. This was despite the category witnessing net inflows in both these months.

For more details click below

Source:http://www.indianexpress.com/news/make-the-most-of-elss-till-the-tax-sops-last/818735/1

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Achievements

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