Tax FAQ
 

All The Dividend Earned From ELSS (tax Saving Mutual Funds) Are Taxfree?

Question by Rohit Sharma | Posted in India

All dividends earned from tax saving mutual funds are tax unshackled or some dividends from same schemes can be taxable if earned in sepecific circumstances (i heard that dividends from ELSS are only taxfree if u holding that ELSS for more than 3 months, like if i buy ELSS on 1st Jan 2008 then only those dividends will be tax above-board which will be declared after 1st march 2008 and all dividends declared before 1st march will be taxable for me. is it unerring?)

Answer: Dividend is tax-unfastened in your hands but suffers from dividend distribution tax (DDT) before it is paid to you. In the case of growth chance, you will have to pay tax on the growth portion at 30.9% which is the rate applicable to you on short-term fine gains. The DDT rate applicable to FMPs is 14.165%. Even in the unlikely event of the underlying delineate being classified as liquid fund, the DDT will be 28.325%. In either case, you have the tax arbitrage. So for short-interval FMPs (less than
 
 

Which Are The Best Tax Saving Mutual Funds If I Want To Invest Around Rs.20000?

Question by Peg | Posted in India

I am interested in investing in the tax saver plans of mutual funds...can you please daily help me with identifying which plans are good for the purpose and what is the procedure for applying in them

Answer: If you can venture Rs. 25,000/- go for StanChart Tax Saver. You can also look at ICICI Pru Tax Saver or Kotak Tax Saver funds. But please keep it in thinker that if you invest in Tax Saving MFs, then your investment will be locked in for 3 years.

For subscribing to them, contact any MF agents or Dependence Money office (you can call 39886000).

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What Are The Best Profitable Tax Saving Mutual Funds Today After The Market Crash?

Question by Arunkumar S | Posted in Investing


Answer: None !! Be tabled till tomorrow and then ask an Investment adviser. By the way www.moneycontrol.com has MF section and advise !

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I Am Beginner Investor, Wants To Invest In Tax Saving Mutual Funds....?

Question by vinney_143 | Posted in India

i dont have any end about mutual funds. The main reason i want to invest in mutual funds is to avoid tax and so, i want to know the details of the tax saving mutual funds. For illustration, i want to invest around 20k. If i do so, the whole 20k will be non taxable only, right? can you please provide me clear details ? Please purvey some written data rather than giving some links(as i have already searched in web) ;)

i dont have any idea about these jargons like dividend,returns?

Answer: For tax savings you can go for investments that are suitable for tax deduction U/s 80c. Your taxable income will be reduced to the extant of your 80c investments subject to maximal deduction of Rs.1 lake per year.

Regarding tax saving Mutual Funds (MF): You have to invest in any Unit linked indemnification Plan (ULIP). Now the stock market is hot and I advise you not to go for ULIP. It is chancy. You may gain or you may lose in ULIP investment. It is all depend on the stock market.

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If Invest In Tax Saving Mutual Funds Throiugh SIP (Systematic Investment Plan), When Can We Sell The Units?

Question by Hari Prasad P | Posted in Investing

Tied up to Indian tax laws and Indian Mutual Funds....
Plz suggest me a well performing tax-saving mutual fund...

Answer: Each module is locked for 3 years. Like if your first purchase is in oct 2007, you can sell in oct 2010. Next SIP in Nov so deliver up in Nov 2010.

HDFC Taxsaver & SBI Megnum Taxgain & Principle Taxsaver are best rated Tax saving MFs

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Tax Planning for Tax Payers. Mutual Fund Tax Saving Schemes Key to ...

by admin

But now with the ELSS (Objectivity Linked Saving Schemes) launched by most of the mutual means companies, the whole come nigh towards tax saving has changed. We favour tax saving funds, also referred to as Impartiality-Linked Saving Schemes (ELSS). Earlier people had restrictive determination of tax saving instruments to be inured to for the specially of tax planning. With disinterestedness linked saving schemes the tax exemptions can be employed in a proprieties such that you not just now admirer your investments but also beget virtuous corpus through right-mindedness investment. With mutual funds tax planning had become more mighty part of over all investment planning. One such argument is that their benefits are too much to snub as they participate in almost all the benefits of an fair-mindedness mutual store. Tax planning has changed radically over a years of habits....

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