Please Help: INVESTMENT PLAN
Posted Date : 19-Jul-2011 , 06:07:05 pm | Posted By mukta kapoor
IF I HAVE 40 LAC TO INVEST, WHERE I SHOULD INVEST TO AVOID TAXABILITY
Category : Income Tax | Answers : 2 | Comments : 0 | Hits : 415
Answers
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.
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.
Do you want capital appreciation, fixed income, etc. are some of the factors on which this decsion depends.
Comments