1. Plan your trades. Trade your plan.
2. Keep records of your trading results.
3. Keep a positive attitude, no matter how much you lose.
4. Don’t take the market home.
5. Forget your College degree and trust your instincts.
6. Successful traders buy into bad news and sell into good news. Read more…
Public Provident Funds: The PPF scheme offers assured returns and tax benefits under Section 80C of the IT Act. Minimum investments of Rs 500 and a maximum of Rs 70,000 annually are entitled to tax benefits under Section 80C. The lock-in period is 15 years with withdrawals allowed only after the 5th year.
Rate of Interest: 8 percent p.a.; tax-free Read more…
Following are the steps in tax planning which would aid a person in making prudent tax plans to reduce their income tax liability and ensure a better tomorrow by making compulsory savings by investing in various tar saving schemes. These steps in tax planning are:
Equity linked savings schemes (ELSS) floated by various fund houses, are equity-oriented mutual fund schemes with an added advantage of tax benefits under various sections of the Income Tax Act,1961. Schemes are floated as per the guidelines that qualify them as eligible schemes U/S 80 C of the Income Tax Act.
Like any other equity schemes, the fund manager invests the pool of money into diverse equity stocks and actively manages the whole portfolio. Most of the ELSS schemes declare dividends, which again are tax-free. Redemption of Read more…
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