Tax exempt avenues
This query is : Open
28 March 2012
Hi, I have some 3-4 lakhs of amount lying in SB account. Do not want to pay tax on the FD interest as the effective income for me will be around 6% (9%-30%tax). Any one can suggest me some other alternative (other than stocks) where I can get a good/stable return? How is creating a HUF in my name as I am head of an Hindu Family. Pls advise
29 March 2012
You can invest in mutual funds through SIP. They provide good returns and in the long run you will be able to build a strong capital.
Also, long term gain is exempt on redemtion of mutual fund units.
Also, long term gain is exempt on redemtion of mutual fund units.
14 April 2012
Experts have given proper reply to your query and I agree with them
14 April 2012
Mr CA SS Agarwal, please try to add value with your replies.
Do not add unnecessary replies to a query.
Do not add unnecessary replies to a query.
16 April 2012
I do not want to invest in stocks or stock-related instruments. I have done this in the past and not happy with the returns. I do not believe in the theory that Equities give superior return in the longterm. Just suggest me any other alternative .. . How about putting this money as HUF?
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