Investment for tax saving
This query is : Open
04 February 2012
Dear Sir/Madam,
My sister advised by her office to invest around 60K to save tax of around 6k now my quary is whether to go for such an investment by withdrawing her FDs or she should pay the tax?
If to be invested what are the best ways so that money would be available in around 2-3 years
Thanks
My sister advised by her office to invest around 60K to save tax of around 6k now my quary is whether to go for such an investment by withdrawing her FDs or she should pay the tax?
If to be invested what are the best ways so that money would be available in around 2-3 years
Thanks
04 February 2012
You can go for Tax Saver Mutual funds where the money is available in 3 years. But the caution here is the returns would depend on market conditions.
Other mode of investments have a considerably long time viz 5-7 years.
FDs/NSC etc have a maturity period of 5-7 years.
If she is ready to stay invested for 5 years, then she can go for a FD. If she can take some risk, part amount can be invested in Mutual Funds.
Other mode of investments have a considerably long time viz 5-7 years.
FDs/NSC etc have a maturity period of 5-7 years.
If she is ready to stay invested for 5 years, then she can go for a FD. If she can take some risk, part amount can be invested in Mutual Funds.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN REDEVELOPED FLAT
- CLOSING STOCK QUERY
- Requirement under FEMA &RBI
- REGARDING ITR FILING QUESTION
- ITC BENEFIT ON BROKRAGE PAID
- TDS refund Indemnity Bond
- DUE DATE FOR ITR FILING
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- GST ISD Query on various AMCs
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
