Indexation benefit in Mutual Fund FMPs

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Indexation helps you save taxes as it allows cost to match with the current value

 

You may ask your auditor to refer to Section 112 of Income Tax Act 1961. Scheme Information Documents of all FMPs contain this information too. Indexation helps you save taxes as it allows cost to match with the current value. FMP capital gain is taxed as below:

 

Short term capital gains are directly added to income and taxed as per the applicable slab rate. However, as per Section 112 of IT Act, tax on income from long term capital gains arising from the transfer of units shall be lower of the following:

 

1. 10 per cent plus surcharge and cess at 3 per cent on the amount of tax, and surcharge on the long term capital gains computed without indexation benefits.

 

2. 20 per cent plus surcharge and cess at 3 per cent on the amount of tax, and surcharge on the long term capital gains computed after substituting the indexed cost of acquisition for the cost of acquisition.

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

1. ICICI Prudential Tax Plan Invest Online
2. HDFC TaxSaver Invest Online
3. DSP BlackRock Tax Saver Fund Invest Online
4. Reliance Tax Saver (ELSS) Fund Invest Online
5. Birla Sun Life Tax Relief '96 Invest Online
6. IDFC Tax Advantage (ELSS) Fund Invest Online
7. SBI Magnum Tax Gain Scheme 1993 Invest Online
8. Sundaram Tax Saver Invest Online
9. Edelweiss ELSS Invest Online

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Best Performing Mutual Funds

1. Largecap Funds Invest Online
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4. Sector Funds Invest Online

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1. ICICI Prudential Tax Plan
2. HDFC Taxsaver
3. DSP BlackRock Tax Saver Fund
4. Reliance Tax Saver (ELSS) Fund
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1. Relaince Gold Savings Fund
2. ICICI Prudential Regular Gold Savings Fund
3. HDFC Gold Fund