Mutual Fund Investment: 5 reasons to invest in tax saving mutual funds

Investing in tax-saving mutual funds gives the benefit of diversifying your portfolio as per requirement. Tax-saving mutual funds, over the years, have proven to be the best tax-saving option for investors. While there are various tax-saving investment options such as National Pension System (NPS), National Savings Certificate (NSC), and Public Provident Fund (PPF), among others, Equity-Linked Savings Scheme (ELSS) has remained the most preferred. Here are 5 reasons why you should consider investing in tax-saving mutual funds (ELSS): 1. Lowest Lock-in Period Conventional tax-saving instruments generally come with long lock-in…

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Tax on debt investment in 2019: Here’re the applicable taxes on various instruments

The various debt-oriented investment options available in the market such as bank fixed deposits, recurring deposits, post office savings scheme, national savings certificate, debt-oriented mutual funds attract DDT is paid by the enterprise which is issuing the dividends.   |  Photo Credit: Representative Image New Delhi: Individuals select the investment options on the basis of their respective objectives, risk-taking capacity and the benefits offered by an investment scheme, be it a debt-related investment option or an equity-oriented investment option. The taxation on different types of debt instruments varies on the basis of specifications…

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Filing Income-Tax Returns: 5 tax implications of mutual fund investments

If you are a  mutual fund investor, one of the important things to understand is the tax implications on your investments. Investment in mutual funds comes with various tax provisions. Thus, while investing in equity funds can carry tax saving benefits under Section 80C of the Income Tax Act along with the Long Term Capital Gains (LTCG) taxation, investing in debt funds come with indexation benefit. However, there is often confusion on mutual fund taxation. For example, many of us think that investments in all equity mutual fund are eligible…

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Tax Cuts, Lending Upticks Make Small Business Headlines

Small businesses got some welcome news this week — in the form of President Donald Trump’s proposed tax cuts. In addition, a recent report suggests that small business loans at institutional lenders and small banks are on the rise. You can read about these news items and more in this week’s Small Business Trends news and information roundup. Finance Small Businesses Big Winners in Proposed Trump Tax Cuts Historic tax cuts for American small businesses could be just around the corner. In an announcement at the White House today, Treasury…

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How Trumps Tax Proposal Could Impact His Own Business Empire

President Donald Trump’s massive tax-cut proposal would slash taxes on hundreds of businesses he and his family own. The White House on Wednesday unveiled a proposal that would cut the top tax rate for corporations, as well as entities known as pass-through businesses, to 15 percent. That could prove to be a windfall for the Trump Organization, the private umbrella company for hundreds of Trump real estate, licensing and other companies, many of which qualify as pass-through businesses. Trump has refused to release his tax returns, making it impossible to…

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Watch out if tax reform gets bogged down, Jim Cramer warns

Wall Street could witness another sell-off if President Donald Trump’s tax reform plan gets bogged down, CNBC’s Jim Cramer warned on Monday. “I still think that Trump with Gary Cohn and a different team working to try to get this through we’ll have some luck,” Cramer said on “Squawk on the Street.” U.S. stocks opened sharply lower Monday, the first business day after the scheduled House vote on a repeal of Obamacare was pulled because Trump and House Speaker Paul Ryan had failed to gain enough support from Republicans. In…

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