At this juncture of financial crisis(especially bearish trend in share market), which is the suitable method of investment for salaried people for Income Tax purpose.
Kindly advise me
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Replies (2)
Dear M.Rajkumar,
My openion is on below assumption.
1.) You are falling under 30% tax bracket.
2.) No deduction under Chapter VI-A is unabsorbed.
I think you shall invest in FMP (of more than 1 year tenure) as Tax incident on it will be only 10% flat.
Regards
Take minimum risk in investment into equity of EOF funds. Keep your head cool. Do not shake off investment of good shares in a hurry. Good companies will always bounce back. Keep a mix of investments which should include Fied deposits, etc., in Nationalised banks.
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