Ranbir Sharma recently got a mail from his human resource team requesting submission of documents related to investments made by him during the financial year. Sharma has an outstanding home loan, life insurance and dependent parents. He also contributes towards Public Provident Fund (PPF) as a tax-saving measure. Recently, a customary call to his financial advisor led to an impromptu discussion over tax-saving instruments, which turned out to be an eye-opener for this resident of Rajasthan. Sharma realised that he should have invested in Equity Linked Savings Scheme (ELSS), something which he had missed till now.
There are many such people who tend to forget the existence of ELSS or tax-saving mutual funds while making their investment decisions for tax savings. In this issue, as the countdown to the end of the financial year begins, we have taken up the subject of ELSS to show how it makes for a good investment decision. The article also includes five best ELSS schemes which investors can choose from. For many tax-payers who are yet to exhaust their entire limits of investments under Section 80C of the Income Tax Act, 1961, ELSS or tax-saving mutual funds remains one of the best options compared to other instruments.
Diese Geschichte stammt aus der January 18, 2021-Ausgabe von Dalal Street Investment Journal.
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Diese Geschichte stammt aus der January 18, 2021-Ausgabe von Dalal Street Investment Journal.
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Two to Tango: Indian IT Meets Nasdaq?
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It's Time To Exit From 'Those' Stocks!
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The Art Of Identifying Market Winners
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This solar power EPC company achieves the milestone of over 1,000 MW contracted orders globally
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Recently listed small-cap company bags two orders worth USD 60,43,800
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How To Identify A Market Bubble
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