Prajna Capital - An Investment Guide

Tax implication on gifting something to close relatives The person who gives the gift can never claim any income tax deduction or exemption from his/her income The money you gift to your parents/parents-in-law will not be taxable in their hands. But any income generated from the gifted money is taxable in their hands , not yours. Therefore, they need to club such income with their other earnings, if any, and pay tax as per the slab system Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds Top 10 Tax Saver Mutual Funds for 2017 - 2018 Best 10 ELSS Mutual Funds to invest in India for 2017 1. DSP BlackRock Tax Saver Fund 2. Invesco India Tax Plan 3. Tata India Tax Savings Fund 4. ICICI Prudential Long Term Equity Fund 5. Birla Sun Life Tax Relief 96 6. Franklin India TaxShield  7. Reliance Tax Saver (ELSS) Fund 8. BNP Paribas Long Term Equity Fund 9. Axis Tax Saver Fund 10. Birla Sun Life Tax Plan Invest in Best

Tax benefit for Investing in Atal Pension Yojana contributions for spouse? The tax benefit under section 80CCD (1B) can only be availed on contributions made in your own name Contributions to Atal Pension Yojana (APY) are eligible for the same tax benefits as the NPS. This means that the contributions can be claimed under Section 80CCD (1B). The current limit for Section 80CCD (1B) is   Rs   50,000, over and above the   Rs   1.5 lakh limit under Section 80C. Section 80 CCD (1) is a different one, meant to cover employers' contribution towards NPS . You cannot get tax benefit by investing in the name of your spouse under Section 80 CCD. Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds Top 4 Tax Saver Mutual Funds for 2017 - 2018 Best 4 ELSS Mutual Funds to invest in India for 2017 1. DSP BlackRock Tax Saver Fund 2. Invesco India Tax Plan 3. Tata India Tax Savings Fund 4. BNP Paribas Long Term Equity Fund

Match your Goals Risk Profile With ELSS Investment   DIFFERENT TRACKS Unlike funds with a clearly defined investment universe -- large-cap, mid-cap or multi-cap - Tax Saving Schemes do not specify investment focus If you are looking for an equity Linked Savings Scheme (ELSS) to pare your tax burden, the plethora of options may confuse you. Many investors simply opt for ELSS funds , also called tax saving schemes with the best return over a certain time period. However, this may not yield the best results. There are several types of ELSS funds and it requires a nuanced approach to pick the right one. DIFFERENT RISK PROFILES Unlike funds with a clearly defined investment universe -- large-cap, midcap or even multi-cap schemes in the ELSS category do not specify their investment focus. While these schemes have the flexibility to invest anywhere, most tend to follow a defined template. For instance, some funds take a distinct large-cap tilt with a limited exposure to mid or small-cap st

IDFC Tax Advantage scheme seeks to build a diversified portfolio comprising of stocks of companies with strong fundamentals that are available at reasonable valuations. The scheme can be fully into equities (and equity related securities) and upto 20% in debt & money market instruments. This is a fund which has earned its stripes by beating its benchmark every year except the first one (2009). This performance has earned it a four-star rating for much of the last three years. IDFC Tax Advantage Fund has a higher-than-category allocation to both mid-cap and small-cap stocks. Mid caps have made up anywhere between 30 and 45 per cent of the portfolio. Large caps have accounted for 40-50 per cent. Small caps have made up 20 odd per cent. The fund is managed on the basis of a growth-at-a-reasonable-price philosophy. It does take both cash and debt calls on occasion. The fund believes in identifying companies based on a deep understanding of the industry-growth potential and interactio

   It refers to the risk that a borrower or issuer of a security may not repay the principal of the loan or interest associated with it to the lender. Credit risks are computed based on factors that impact future cash flows of the borrower or issuer since that defines their ability to repay. Rating agencies analyse borrowers or issuers in an effort to measure the credit risk of the particular debt security and publish the results as ratings for lenders to read and compare. If a security has a low rating (BBB or lower), the borrower or issuer has a high risk of default; if it has a high rating (AAA is the highest), it is considered to be a safe investment. If there is a higher level of perceived credit risk, investors and lenders demand a higher rate of interest for their capital. Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds Top 10 Tax Saver Mutual Funds for 2017 - 2018 Best 10 ELSS Mutual Funds to inves

  Charges are levied by the bank for every cash transaction over and above a limit for free deposits and withdrawals per month. These charges will only be applicable on cash transactions at branches and ATM withdrawals will not be considered in calculating the number of transactions. he free transaction limit is different for different banks and is also based on the types of accounts. However, the restrictions are largely aimed at savings bank accounts. The move is in line with the government's efforts to move towards a cashless society. The new rule would negatively impact people who make withdrawals for daily or weekly use, or those who frequently transfer money from one city to another to their families. Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds Top 10 Tax Saver Mutual Funds for 2017 - 2018 Best 10 ELSS Mutual Funds to invest in India for 2017 1. DSP BlackRock Tax Saver Fund 2. Invesco India T

  Banks and NBFCs both offer special loans for self employed or salaried professionals like doctors, chartered accountants, architects and company secretaries, who are considered professionals.  Professional Loans fall in the category of unsecured loans as there is no collateral involved. As the default ratio is very low in this segment, professional loans have lower rates, higher loan amounts and easier processing facilities. The loan tenor ranges from 1 to 5 years and the loan amount can go up to `30 lakh or even higher, depending on the current income and repaying capacity. The degree certificate and in most cases a minimum post qualification experience is required to avail of this loan. Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds Top 10 Tax Saver Mutual Funds for 2017 - 2018 Best 10 ELSS Mutual Funds to invest in India for 2017 1. DSP BlackRock Tax Saver Fund 2. Invesco India Tax Plan 3. Tata Ind