tax savings

Why ELSS tax saving mutual funds are suitable for long term financial goals

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Tax planning is usually done during the last three months of the financial season. Nevertheless, it is good if you plan it during the beginning of the financial year and avoid the rush of last-minute tax savings. Several options qualify for a deduction u/s 80C of the income tax act. One such option is the … Read more

How are Capital Gains Taxed on Mutual Fund on Redemption

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For taxation purposes, we can divide the mutual fund into two categories; Equity and Debt. Tax on Mutual Funds such as fund of funds is treated as a debt fund even if the underlying instrument is investing in equity-related instruments. Tax on Debt Mutual funds withdrawal comes with indexation benefits when held for a duration … Read more