26 January 2013
Dear Sir, A house wife aged about 55 years want to invest Rs.6 lacs of her savings. Please suggest me which of following schemes would be better for investment -
1. NSE 2. PPF 3. FD 4. Post office MIS
Please suggest your view, Is there any scheme, which does not attract tds provision?
26 January 2013
I think NSE. because PPF is for 15 years. if she has not account before. which you didn't clarify FD, I am taking FD as tax saving FD because you are talking about investment. as she is 55 yrs. so as practically it is not suggested to invest for 5 years min. Post office mis is monthly so you will not invest 6 lac in one time. thats why it is also not advisable NSE can be matured easily before time. so i prefer NSC for 55 yr old
CAclubindia
