How Many ELSS Funds Should You Have in Your Portfolio?

It’s that time of the year again when we randomly invest in different 80C investments to save tax. But with increased awareness, investments in ELSS funds have increased. But there is a confusion that persists as to how many funds have to be included in the portfolio. Diversify Right Investing in many ELSS funds is …

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6 reasons Why ELSS is Better Than Other Tax Saving Instruments

There are multiple ways to save tax and we have previously highlighted 19 ways to save tax. Of all the tax saving options available under 80C ELSS is the better option available. Read on to know why. High market linked returns ELSS mutual funds have historically given returns up to 23% (annualized). Since they are …

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ELSS tax benefits are available for both Indian residents and NRIs

Last updated on October 23rd, 2018This article was first published on livemint. Are there any tax-saving advantages in NRI mutual funds? Equity-linked saving schemes (ELSS) allow tax saving under Section 80C of the Indian Income Tax Act. An investment of up to ₹1.50 lakh in ELSS can be claimed as a deduction from taxable income in …

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What is Grandfathering in mutual funds LTCG Tax?

Last updated on August 6th, 2018The finance ministry, in its budget announcement on Feb 1st, re-introduced the tax on Long-Term Capital Gains (LTCG) at 10% without indexation benefits. This is applicable for gains above Rs 1,00,000. This new law is applicable from 1st April 2018. So does that mean all the gains made up till …

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5 common mistakes people make while filing income tax returns

Last updated on February 12th, 2019 Filing income tax returns has become relatively easier now, however, people often make some mistakes that lead to defective returns or problems later at the time of claiming tax refund. Following are 5 common mistakes you must guard against while filing your income tax returns online: 1. Failing to …

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How to Calculate Indexation on Sale of Assets

Last updated on April 3rd, 2018 How to Calculate Indexation Indexation basically means consideration of time value of money while calculating your profits. While we sell an asset, the purchase price of the asset needs to be adjusted according to the inflation rate using a standard index. This calculation process is termed as indexation. Indexation …

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How much Capital Gains Tax you need to pay on sale of Property

Last updated on April 10th, 2018 Capital Gains Tax This tax is to be paid on the sale proceeds, whenever you sell of your property or physical assets like gold and jewelry at a profit. Capital Gains is broadly divided into two parts namely Short-term Capital Gain (STCG) and Long-term Capital Gain (LTCG). Short-Term Capital …

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