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Only three days left to invest in ELSS to claim 80C benefit for FY 19-20

Only three days left to invest in ELSS to claim 80C benefit for FY 19-20

Finance
Most taxpayers remember March 31 as the last day to make tax-saving investments to claim benefits under Section 80C, 80D, 80G and so on. However, this year is different. Due to the disruptions caused by the pandemic in the lives of ordinary individuals, the government has extended the last date to make tax-saving investments to claim tax benefits for the last financial year FY 2019-20. Last month, the central government extended the deadline once again to July 31 from June 30. That means you hardly have two days left to finish your investments. Well, if you have streamlined your finances and ready to make those investments, let us move forward. What if you are still not sure about your finances and thinking of letting go of the tax benefits for the last financial year, here is a way out....
5 Reasons to choose Equity Linked Saving Scheme (ELSS) Fund

5 Reasons to choose Equity Linked Saving Scheme (ELSS) Fund

Finance
ELSS Regulatory InfoWhen you invest your hard-earned money in the equity market, there are chances that you might lose some of it. But if you choose your investment wisely and invest for the long term, you might be able to make some profits. If your investment objective is to save tax and try and earn some extra income over the long term, then you can consider investing in Equity Linked Saving Scheme (ELSS). ELSS is a mutual fund investment scheme that primarily invests in equity and equity-related instruments. There are a lot of other elements that make ELSS an option for anyone who wants to save tax and build a corpus in the long run. Here are 5 reasons to opt for an ELSS scheme: 1. ELSS has tax benefits As stated earlier, ELSS is a tax saving mutual fund scheme. As per Section 80C of...
What are the advantages of investing in ELSS?

What are the advantages of investing in ELSS?

Finance
Play SlideshowELSS_SaveTax_BuildWealth-123 Oct, 2019ELSS = SaveTax + BuildWealth-1Financial planning is of utmost importance and has become a dire necessity in modern times. Irrespective of how much you earn, it’s important to save and invest so that you can aim to achieve your financial goals. Now what if we tell you there’s a mutual fund scheme that saves tax & helps you create wealth too? Yes, you heard it right. Equity Linked Saving Scheme or ELSS is one of such scheme that helps an individual to save tax up to Rs. 46,800* u/s 80C of Income Tax Act and also invest your money with a potential to generate wealth. Here are 2 benefits of investing in an ELSS scheme: 1. Tax Exemption The primary goal of an ELSS Schemes is to help taxpayers save some money. As stated earlier, with EL