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Budget 2016: Experts Says, Don’t Invest only to Save Tax

Budget 2016: Experts Says, Don’t Invest only to Save Tax

Don’t Invest only to Save Tax : The tax introduced on the Employees’ Provident Fund could have left many savers shell-shocked, but this radical change in taxation policies holds a huge lesson for those relying purely on tax saving as the investing criterion. Experts forced that the time has come for investors to look more than taxation while choosing investments. Along with EPF, those making additional contributions under voluntary provident fund will also take a strike. Two years ago, investors & traders in debt funds, & particularly in fixed maturity plans, had gained a jolt when long-term capital earns eligibility was stretched from one year to 3...
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