As the financial year 2024-25 approaches its conclusion, many investors are evaluating tax-saving options to optimise their portfolios. Among the popular choices are fixed deposits (FDs), Public Provident Fund (PPF), and the Senior Citizens Savings Scheme (SCSS), all of which are eligible for deductions under Section 80C of the Income Tax Act, 1961. These instruments … Read more
As the financial year draws to a close on March 31, taxpayers are focusing on maximising their savings through investments under Section 80C of the Income Tax Act. Among the various options available, Equity Linked Savings Schemes (ELSS) stand out as a favourable choice for both tax savings and potential long-term wealth creation. Under Section … Read more
My colleague recently invested Rs 5 lakh in floating-rate saving bonds. He recommended it to me also. Please advise. J P ShuklaReply by Rajiv Bajaj, Chairman & MD, BajajCapital Ideally, one should not go by anyone’s suggestion rather understand the product first before investing. However, to make you understand, these bonds, issued by the RBI, are … Read more
The new financial year in India has started on April 1. It is that time of the year, wherein salaried individuals will be asked about their investment plans so that employers can deduct taxes in an planner manner till next March. Investors should note that the Centre has numerous opportunities for savings and expenses through … Read more
New Delhi: The initial public offering of WAPCOS is likely to be launched by March end, an official said. The department of Investment and Public Asset Management (DIPAM) had on February floated tenders for engaging a registrar and an advertising agency for selling up to 25 per cent stake in WAPCOS through an IPO. Under … Read more