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Advantages of an ELSS Fund: 1) Tax Savings 2) Lowest Lock-in Period Among Other Tax Saving Funds 3) Lower Tax on Gains 4) The Benefit of Compounding 5) Redemption Not Compulsory After 3 Years 6) Higher Returns 7) SIP Option Available 8) Safe and Transparent To know more please call 8264666077 or visit https://asjawealth.com #ELSS #TaxSavings #mutualfundsahihai #taxdeductions #ITReturn

Debt mutual fund's Long Term taxation is now the most complicated thing after changes done in the recent budget. 1. 20% Tax with Indexation benefit on Purchases done before 1st April 2023 and sold between 1st April 2024 to 22nd July 2024. (applicable holding period 36 months) 2. 12.5% tax without indexation benefit on the purchases done before 1st April 2023 and sold on or after 23rd July 2024. (applicable holding period 24 months) 3. And finally, Tax as per slab rate in case purchases are done on or after 1st April 2023. No other asset class has gone through so many changes like Debt MFs in such a short period.

Here is a detailed look at how new taxation rules in #Budget2024 will impact various categories of mutual funds. #BudgetWithNDTVProfit Arnav Pandya reports

ELSS (Equity Linked Savings Scheme) mutual funds are a type of mutual fund that primarily invest in equities or stocks. They offer tax benefits under Section 80C of the Income Tax Act in India, allowing investors to claim deductions up to ₹1.5 lakh from their taxable income. The key tax-saving benefits of ELSS funds include: 1-Tax deduction: Investments in ELSS funds qualify for a deduction of up to ₹1.5 lakh from taxable income under Section 80C of the Income Tax Act. 2-Long-term capital gains tax exemption: Any gains made on redemption after a holding period of three years are tax-free, making them more tax-efficient compared to other tax-saving instruments. 3-Potential for wealth creation: ELSS funds primarily invest in equities, offering the potential for higher returns over the long term compared to traditional tax-saving options like PPF or NSC. #jvfinancialsolutions#jvfinancialpartnership#JVFinancialServices#jvfinancialservices#jvfinancialconsulting#elssmutualfunds#elssfundsfortaxsaving#mutualfunds#mutualfundstips#mutualfundsadvisor#mutualfundssahihai#mutualfundssahihai#mutualfundforbeginners#mutualfundsinvestment#mutualfundsindia#mutulfundsindia#mutualfunddistributor#stockmarkets#stockmarketinvesting#stockmarketupdate#contactustoday#contactusnow📲

Q. “When we sell mutual funds after 3 years which tax is applicable LTCG or individual income tax slave” A. It depends. If the mutual fund is a debt mutual fund, then the tax rate applicable will be as per your income tax slab. If it is an equity mutual fund (invests in shares), a 12.5% tax rate (LTCG) will be applicable. This will apply to any gains or profit after the first Rs 1.25 lakh equity gains in that financial year. So, let’s say in a financial year, you made a total of Rs 2 lakh profit from your equity mutual funds and shares. The first Rs 1.25 lakh will be tax-free. Now, we are left with Rs 0.75 lakh. On this, a tax of 12.5% will be applicable.

If you own a business, consider taking dividend income instead of salary. In this tax year the first £1000 of dividend income is tax free but from 6 April 2024 it will be halved again to £500. You may also be able to minimise National Insurance contributions (NICs) too. The value of your investment can go down as well as up. You could get back less than you invested. Taxation rules can change at any time and are dependent on individual circumstances. #TaxYearEnd #FinancialPlanning #IncomeTax #Dividends

Are we advocating for low returns in the pursuit of tax savings? 🤔 Many investors solely focus on costs and taxes, overlooking the potential for higher absolute returns. It’s crucial to understand that no investment comes free. Whether it’s mutual funds (commissions), stocks (brokerage), real estate (registration, stamp duty, brokerage), or gold/cash (locker fees), there are always charges involved. For example, when deciding between PPF and ELSS for a ₹1.5 Lakh deduction under Section 80C, consider this: PPF may offer tax-free returns, but after 15 years, you could end up with ~₹40 Lacs, whereas with ELSS, even after paying a 10% capital gains tax, you could potentially have nearly ₹76 Lacs! So, carefully evaluate all costs and their impact on your returns. Don’t just focus on reducing costs or taxes, aim to maximize your returns! 💰 . . . #investmentcosts #maximizereturns #informeddecisions #investwisely #taxes #tax #mutualfunds #mutualfundsabhiyaan #savetoinvestabhiyaan #abhiyaanwealth

Effective Long-Term Smart Solution (Less Tax) ELSS is acronym of Equity Linked Savings Scheme and the above is for illustration purpose only

PPF Vs VPF: What is the #difference between #PPF and VPF, which one gives more #return on #investment – #Top #News #Bulletin Talking about tax-saving options, people have many schemes to invest their money, reduce taxable income and ultimately save tax. Of all the existing options, only a few come under the EEE scheme. These options save tax not only in the initial stages but also in other stages. Let us understand here, two popular tax-saving investments PPF and https://lnkd.in/d2z3XMMU #differencebetweenPPFandVPF #PPFandVPF #PPFVsVPF #PublicProvidentFund #VoluntaryProvidentFund

At MLG Capital, we use cost segregation studies to maximize depreciation, helping investors: ✅ Reduce rental income with strategic deductions ✅ Offset passive income with taxable losses ✅ Enjoy significant tax deferred income Watch Daniel Price highlight the unique tax-deferred income benefits offered by private real estate below 🎥: #TaxDeferredincome #CostSegregationStudies #PrivateRealEstate #Investments #MLG