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SHARE INVESTMENT NOT BUSINESS!

Mumbai High Court Stresses On Need For Uniformity & Consistency In Approach! “Activity of a taxpayer accepted as investment in shares in earlier years cannot be treated as business in subsequent years, if facts are the same.” This landmark ruling of the Mumbai High Court delivered on 6th January, 2010 will make several investors heave a sigh of relief, in the backdrop of the recent onslaught of the Income-tax...

PPF MAGIC UNSTOPPABLE!

You Can Build Amazing Tax Free Capital For Your Children Via Investment In PPF! Every parent would naturally be concerned about building capital for his or her children, which would go to ensure meeting their financial requirements for higher education, marriage, settlement in life, etc. One of the major stumbling blocks in doing so are the clubbing provisions under Section 64(1A) of the Income-tax Act, which...

ELSS – A CHAMPION TAX WINNER!

Golden Opportunity To Reap Healthy Returns Coupled With Valuable Tax Saving Benefits Equity Linked Savings Scheme (ELSS) has emerged as an amazing new investment option, offering you the golden opportunity to reap healthy returns through equity investment via mutual funds, coupled with valuable tax saving benefits. If the choice is judicious, the timing is right and lady luck smiles on you, ELSS can be a champion...

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