|Should you reinvest ELSS money every three years to claim tax breaks?|
Some retail investors like to reinvest their money in Equity Linked Saving Schemes (ELSS) every three years to claim tax benefits under Section 80C.
|Things you should not do while investing in an ELSS|
The best way to save taxes is to invest in ELSS. Here are a few pointers that you need to keep in mind when you are shopping for an ELSS to invest.
|Should you invest more than Rs 1.5 lakh a year in ELSS?|
Many new investors are investing more than Rs 1.5 lakh a year in Equity Linked Savings Schemes (ELSSs) these days.
|Should you invest in NPS or ELSS?|
An ELSS is a mutual fund scheme that qualifies for tax deduction under Section 80C of the income Tax Act while NPS allows to claim tax deduction under Section 80CCD(1).
|Are you confused about how to claim tax deductions in ELSS?|
Many investors in tax saving mutual funds or Equity Linked Saving Schemes get confused about their SIP investments and claiming tax deductions on them.
|Dividend option in ELSS is a very bad idea, say mutual fund advisors|
Many investors are choosing the dividend option while investing in ELSSs during the tax-saving season this year, say mutual fund advisors.
|5 things you should know before investing in an ELSS|
Tax-saving season is here. ELSS or tax planning mutual funds are one of the best way to save taxes under Section 80C of the Income Tax Act.
|Which is a better investment option: ELSS or PPF?|
ELSS actively invests in the equity markets, with a potential to earn higher returns than traditional savings options like PPF.
|Should you invest a lumpsum in ELSS?|
All tax-saving investments that qualify for tax deductions under Section 80C come with a mandatory lock-in period. The lock-in period is three years for ELSSs.