Entries Categorized as 'TaxSaving'

Direct Tax Code: Book Profits and Buy Back?

Date March 3, 2010

With the Budget revealing that the Direct Tax Code will be implemented from April 2011, a few choices have to be made now. The DTC brings in capital gains tax back again – even long term capital gains, which don’t get “preferential” treatment a…

Posted in Credit Repair, DirectTaxCode, IncomeTax, Stocks, TaxSaving Comments Comments Off

Dividend in ELSS Funds Have An Advantage

Date February 7, 2010

Is it worth putting money into ELSS funds as they announce a dividend? HDFC Long Term Advantage Fund just announced a “37.5% dividend”. The real yield is about 10%. (Rs. 3.75 on something that currently costs Rs. 36.545). Ignore the “37.5…

Posted in Credit Repair, MutualFunds, TaxSaving Comments Comments Off

Should you invest in Tax Saving Mutual Funds?

Date January 15, 2010

If you buy a tax saving mutual fund – an ELSS scheme or something with “taxsaver” in it – you expect a tax deduction. But does it always apply for you? ELSS mutual funds are specially deductible under Section 80C, which applies to everybody. I…

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