Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now

Sunday, February 28, 2016

Tax Deduction under RGESS?

 

Invet in RGESS Online

 

You can invest any amount in a demat account designated under RGESS, but the benefit under the scheme can be claimed only on investment up to Rs. 50,000 in a single financial year

 

You can invest any amount in a demat account designated under RGESS, but the benefit under the scheme can be claimed only on investment up to R. 50,000 in a single financial year. The depository automatically lock-in all the eligible securities which comes into an RGESS designated demat account during the relevant financial year (over and above what is required for meeting the flexible lock-in requirements) up to a value of R50,000. However, you have the freedom to select the stocks to be kept under lock-in up to R50,000 for claiming benefits under RGESS. You should intimate the depository participant through Form B within one month from the date of transaction, about which investments you do not want to keep as part of RGESS in that year.

 

This will give you the right to sell / pledge those securities at any time. Once an application is made through Form B, that particular security cannot be brought back under RGESS while claiming for tax benefit. In subsequent years of flexible lock-in period, if that stock is still an eligible security under RGESS provisions, it will be counted towards valuation of RGESS portfolio irrespective of its status as an 'eligible security' while claiming the benefits.

-----------------------------------------------
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

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

---------------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

-----------------------------------------------

Post a Comment
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now
Related Posts Plugin for WordPress, Blogger...

Popular Posts

Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now