Friday, February 13, 2015
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Indian Real Estate News
The Rajiv Gandhi Equity Savings Scheme grants tax exemptions for 50% of the amount invested for three consecutive financial years
The Rajiv Gandhi Equity Savings Scheme or RGESS grants tax exemptions to investors for 50 per cent of the amount invested in eligible securities for three consecutive financial years. The maximum limit for the annual investment is R50,000. RGESS is an equity tax advantage savings scheme designed to encourage savings by investors in the domestic capital market. But the scheme is exclusively for first time retail investors. So, you can claim tax exemption for consecutive three assessment years if you are investing in equity markets for the first time.
Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015
1.ICICI Prudential Tax Plan
2.Reliance Tax Saver (ELSS) Fund
3.HDFC TaxSaver
4.DSP BlackRock Tax Saver Fund
5.Religare Tax Plan
6.Franklin India TaxShield
7.Canara Robeco Equity Tax Saver
8.IDFC Tax Advantage (ELSS) Fund
9.Axis Tax Saver Fund
10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online -
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For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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