An ELSS is the mirror image of a diversified equity fund. This means the fund manager will invest in shares of various companies across various industries. What sets it apart is the added tax benefit, something a diversified equity fund does not offer. Most of us during the month of march rush up to our auditors or financial planners for tax planning to invest upto 1 … [Read more...]
Tax benefits of ELCC
There are certain benefits that ELSS offer in tax . Thereby following you can find the tax benefits . Investments in ELSSs fall under Section 80C. The limit under this section is Rs 100,000. This is irrespective of how much you earn and under which tax bracket you fall. Also, there are no sub-limits under this overall Rs 100,000 amount. So, if you choose, you can … [Read more...]
Is ELSS Better Option As A Tax Saving Investment ?
The crash of stock market in the month of March brings out good opportunity for investors to opt for Equity Linked Saving Scheme because unit price of those scheme shall also be lower on account of crash in stock market. That is not the only reason for recommending ELSS as an investments . The other reasons are 1. Claim Deduction upto Rs 1 lakh Those readers who have … [Read more...]