Investment in equity share is taxable or not

Hi,

I have a simple question about the investment. 
Here is a scenario.

Total income: 2,00,000
No tax: 1,80,000
Balance: 20,000

If I invest this 20,000 in Share Market as a long term investment, will I have to pay 2,000 (10% of taxable income) as income tax or I can able to put this 20,000 in 80C section anywhere as an investment.

Thanks for the answer
Sakitram

Replies (1)

1. If you are going to invest Rs 20000/- in share market ?????

I will advise you not to save Rs. 2000/-  by investing there even if you get tax benefit.  (However you will not get any)    

Because , out of Rs. 20000/- you may or may not get Rs. 2000/- only ,

for which you had made such a long  term investment.

(In share market investment -may become watse. )

 

2.  To invest under the Schemes of Section 80C like NSC, PPF, LIP etc are the only ways to save tax. 

 

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