Stock Market MF News

  Compared to other tax-saving investments permitted under Section 80C of the Income Tax Act, ELSS funds are uniquely profitable. This is because they are the only viable qualified tax-saving investment within this Rs 1.5 lakh savings limit that brings the benefit of equity returns. There are, of course, two other options that offer equity-linked returns.   1. ULIP and 2. National Pension System (NPS)   However, NPS it is more of a retirement solution than savings. It only has partial risk in the equity portion and is a very long-term investment that effectively extends to retirement age. ELSS funds excellently combine 100 per cent equity investment with low cost as well as a reasonable lock-in period of just three years. It also makes an excellent investment product for early investors, providing them with a taste of both equity investment and mutual funds simultaneously. Like the fun of both vanilla and strawberry in ice cream. At the beginning of the investme...

Due to the lockdown implemented in the country due to Corona, people are facing many problems. In view of this, the government changed the last dates of several financial operations. The last date for these operations was extended until 31 July. In such a situation, if you have not done these tasks till now, then you must definitely tackle them by July 31, otherwise, you may have problems. We are telling you about these works.   In order to get a tax exemption, the Income Tax Department had extended the last date of filing ITR from 31 July to 30 November for the investment fiscal 2019-20. At the same time, to save tax, the deadline for investing under Section 80C, 80D, 80E of income tax was extended till 31 July. If you have not invested anywhere yet for tax saving, do it as soon as possible.   Submit Form 15G / 15H, Form 15G / 15H is filled to avoid TDS deducted on income tax. Due to the coronavirus lockdown, the government has extended its date to 31 July 2020. Form ...

Due to Coronavirus, the government has extended the deadline for tax-savings investment till June 30. In such a situation, if you have not invested anywhere yet, then you can take advantage of tax exemption on investing in PPF or ELSS. If you choose the old tax system, then tax rebate of up to 1.5 lakh rupees can be taken under 80C through investment in these schemes. We are telling you about both these schemes. Highlights of PPF This scheme can be opened anywhere in the bank or post office. Apart from this, it can also be transferred to any bank or any post office. If it is opened, then it can only go from 100 rupees, but then later it is necessary to deposit 500 rupees at a time. Maximum 1.5 lakh rupees can be deposited in this account every year. This scheme is for 15 years, from which it cannot be withdrawn. But it can be extended for 5-5 years after 15 years. It cannot be closed before 15 years, but after 3 years, a loan can be taken against this account. If anyon...