Stocks - Tax experts believe investors can gain if holding period for long-term capital gains (LTCG) exemption is increased to three years from the present one year since it would provide an impetus for building a stable equity portfolio and give a longer window for adjusting stock losses if any, besides reducing holding costs. The Finance Ministry is understood to be … [Read more...] about Is Longer Holding Of Stocks For Tax Relief Good For Investors?
Income & Investments
Sreenivasan can cut tax outgo by taking home loan, med insurance
Sreenivasan is an avid investor and has utilised nearly all the tax-saving opportunities avaliable to him. Even so, Taxspanner estimates that he can bring down his tax by more than 40% if his employer offers him NPS benefit and he takes a home loan and buys medical insurance. Sreenivasan should ask his company to reduce his special allowance by Rs 90,390 and put that amount in … [Read more...] about Sreenivasan can cut tax outgo by taking home loan, med insurance
Investment Proof Documents: Are ELSS Tax Savers Best Options?
ELSS - The unique selling proposition of ELSS is they have delivered up to 20 per cent returns, combined with the merit of their tax-saving abilities for the investors. At this time of year when you are in a hurry to submit investment proofs, we pick the best tax-saving option for you. Equity-linked saving schemes (ELSS) are diversified mutual funds and they invest into … [Read more...] about Investment Proof Documents: Are ELSS Tax Savers Best Options?
Invest In Tax-Saving Instruments To Meet Financial Goals
Investment - Taxpayers’ habit of last minute rush to save tax is often cashed in by the financial instrument providers and advisors to meet their sales target instead of identifying and matching the investor financial needs. There is a rush for identifying tax-saving investments during the annual ritual of submitting investment proof. Often in this stampede taxpayers throw … [Read more...] about Invest In Tax-Saving Instruments To Meet Financial Goals
How home loan, NPS can help cut salaried Agarwal’s tax outgo
Ashish Agrawal pays a high tax because his salary structure is not very tax friendly. His employer also does not allow any changes in the structure. TaxSpanner estimates that Agrawal's tax can be cut by almost 33% if his company makes small tweaks in the salary and he claims tax benefits on his home loan. Agrawal should ask his company to reduce his special allowance by Rs … [Read more...] about How home loan, NPS can help cut salaried Agarwal’s tax outgo
