Prajna Capital |
- Franklin Mutual Fund dividend
- SENIOR CITIZENS SAVING SCHEME - Tax Saving
- Mutual Fund SIPs (Equity / Debt) & Taxes
| Posted: 05 Jan 2013 08:41 PM PST Franklin Templeton Mutual Fund has announced Rs 0.52 per unit dividend for individuals and HUFs under Franklin templeton fixed tenure fund-series IX-plan B. ---------------------------------------- Happy Investing!!
We can help. Call 0 94 8300 8300 (India)
Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com --------------------------------------------- Invest Mutual Funds Online Download Mutual Fund Application Forms from all AMCs Download Mutual Fund Application Forms Best Performing Mutual Funds
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| SENIOR CITIZENS SAVING SCHEME - Tax Saving Posted: 05 Jan 2013 06:55 PM PST Indian citizens who have attained 60 years of age or those who have attained at least 55 years of age and have opted for voluntary retirement scheme are eligible to invest in senior citizens saving scheme, which offers a fairly attractive interest rate of 9% a year, payable on quarterly basis.
While investment in this scheme is eligible for tax deduction under Section 80C, interest earned shall be taxable in the hands of the investor. Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )
Happy Investing!!
We can help. Call 0 94 8300 8300 (India)
Leave your comment with mail ID and we will answer them OR You can write back to us at PrajnaCapital [at] Gmail [dot] Com --------------------------------------------- Invest Mutual Funds Online Download Mutual Fund Application Forms from all AMCs Download Mutual Fund Application Forms Best Performing Mutual Funds
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| Mutual Fund SIPs (Equity / Debt) & Taxes Posted: 05 Jan 2013 10:37 AM PST Call 0 94 8300 8300 (India)
Investing through SIPs is a disciplined approach to regular investing. However, every SIP investment is treated as fresh investment. So, holding of each SIP unit will be treated differently and depending on the type of fund that you have investments in, long-term or short-term capital gains tax will apply.
Long-term capital gains, holdings of over one year from sale of equity-oriented mutual funds are tax-free. However, long-term capital gains tax on debt-based funds are taxable at 20 per cent on indexed capital gains or at 10 per cent on profit, whichever is lower.
If the SIP holdings are redeemed before completion of one year, then equity funds attract a 15 per cent short-term capital gains tax rate excluding surcharge and cess. In case of debt funds, the short-term capital gains are added to your income and taxed according to the tax slab you fall under.
Happy Investing!!
We can help. Call 0 94 8300 8300 (India)
Leave your comment with mail ID and we will answer them
OR
You can write back to us at PrajnaCapital [at] Gmail [dot] Com
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Invest Mutual Funds Online
Download Mutual Fund Application Forms from all AMCs
Download Mutual Fund Application Forms
Best Performing Mutual Funds
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