Invest Mutual Fund Online and get long-term capital gains tax benefit
For the purpose of taxation, a switch is considered as a redemption from one fund and a fresh purchase in another. If you invest in an equity fund and switch within one year, the gains will attract short-term capital gains tax at 15 per cent. If you switch out of a liquid fund before three years, the gains will attract short-term capital gains tax.
The gains will be added to your income and taxed at the income tax slab applicable to you. You will have to wait for your investments to qualify for long-term capital gains tax if you want to avoid paying taxes while switching to another fund. You should also consider exit load before taking a final call.
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Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds
Top 10 Tax Saving Mutual Funds to invest in India for 2016
Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. Franklin India TaxShield
4. ICICI Prudential Long Term Equity Fund
5. IDFC Tax Advantage (ELSS) Fund
6. Birla Sun Life Tax Relief 96
7. DSP BlackRock Tax Saver Fund
8. Reliance Tax Saver (ELSS) Fund
9. Religare Tax Plan
10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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