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After a person's death, his or her assets are disposed off either as per the intentions of the deceased or, in the event of his intentions are not known through the legal process of inheritance. By writing a proper WILL you don't only avoid the property disputes which are very common these days but also plan a smooth succession and distribution of assets as per your wishes.
- If properly drafted you could be able to save lot of taxes for your inheritors.
- You can make specific legacies and bequests in your WILL like to your domestic help, and specific person other than family member etc. which is not possible otherwise.
- You can distribute the liabilities and responsibilities through a WILL. Like who'll clear off which loan and who will take care of whom.
- You can create "Annual charge" through WILL. For e.g. you bequeath your property to your one son and ask him to make payment of Rs 10000/- p.m. to his sister.
- You can also create good behaviour in your inheritors by attaching specific conditions in your bequests.
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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.
Invest Tax Saving Mutual Funds Online
Tax Saving Mutual Funds Online
These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)
Download Tax Saving Mutual Fund Application Forms from all AMCs
Download Tax Saving Mutual Fund Applications
These Application Forms can be used for buying regular mutual funds also
Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
- ICICI Prudential Tax Plan Invest Online
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- Reliance Tax Saver (ELSS) Fund Invest Online
- Birla Sun Life Tax Relief '96 Invest Online
- IDFC Tax Advantage (ELSS) Fund Invest Online
- SBI Magnum Tax Gain Scheme 1993 Invest Online
- Sundaram Tax Saver Invest Online
- Edelweiss ELSS Invest Online
Best Performing Mutual Funds
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- Reliance Banking Fund
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- Reliance Tax Saver (ELSS) Fund
- Gold Mutual Funds Invest Online
- Relaince Gold Savings Fund
- ICICI Prudential Regular Gold Savings Fund
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