Please Help: INVESTMENT PLAN
Posted Date : 19-Jul-2011 , 06:07:05 pm | Posted By: Mukta Kapoor
Category :
Income Tax | Answers :
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IF I HAVE 40 LAC TO INVEST, WHERE I SHOULD INVEST TO AVOID TAXABILITY |
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Answers:
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 Answer by: CA Rajnish |
| Dear,Income tax is not attracted on capital amount it is applicable on income earn there on.Now if your total income from investing this amount is under taxability of income tax then you can not escape.You have to choose the investment plans where u can manage your fund to minimise/nil tax net.There is no any theory to avoid Tax out of Income Tax Act.
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| Answer by: CA. Sachin Data |
| It all depends upon your wishes and needs....
Do you want capital appreciation, fixed income, etc. are some of the factors on which this decsion depends.
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