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Q. > Please Help: INVESTMENT PLAN
IF I HAVE 40 LAC TO INVEST, WHERE I SHOULD INVEST TO AVOID TAXABILITY
answered Jul 19, 2011 by CA Rajnish , gorakhpur
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.
answered Jul 20, 2011 by CA. Sachin Data , Alwar
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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