Equity-Linked Saving Scheme (ELSS) is a type of mutual fund that is eligible for tax deductions under Section 80C of the Income Tax Act in India. These funds invest primarily in equity shares of companies, and have a lock-in period of 3 years. This means that an investor cannot withdraw their investment before the completionContinue reading “Equity linked savings scheme under section 80c of the income tax act.”
Tag Archives: #money
How to save taxes on salary income in india ?
“Save Tax on Salary” There are several ways to save taxes on salary income in India, including: Investing in tax-saving investments such as Public Provident Fund (PPF), National Savings Certificate (NSC), and Equity-Linked Savings Scheme (ELSS) under Section 80C of the Income Tax Act. Claiming deductions for medical expenses, education loan interest, and rent paidContinue reading “How to save taxes on salary income in india ?”
Understanding communism and capitalism…
Communism says “FROM EACH ACCORDING TO HIS ABILITY, TO EACH ACCORDING TO HIS NEEDS” where as capitalism believes “FROM EACH ACCORDING TO HIS ABILITY, TO EACH ACCORDING TO HIS CAPITAL”. Capitalism believes MONEY MAKES MONEY. An employee works in a company for a monthly salary and the profit earned by the company will be distributedContinue reading “Understanding communism and capitalism…”
One Up On Wall Street
One of my favorite lines from the first ever book I read on investing (One up on Wall street) “Selling your winners and holding your losers is like cutting the flowers and watering the weeds” -Peter Lynch
Investing in US Stock Market
Wanna diversify portfolio and add stocks from NASDAQ , S&P 500 , dow jones , NYSE ? Ways to invest in US stock market:- 1. Fund of fund ( FOF )Eg – DSP US flexible equity fund2. Exchange traded fund ( ETF)Eg – Motilal Oswal NASDAQ 100 3. Feeder fundEg – Invesco india feeder InvescoContinue reading “Investing in US Stock Market”
Learning to Trading
5 Trading Rules by Jesse Livermore: 1) Markets are never wrong.2) Never average losses.3) Trade only when there’s a clarity of trend.4) If your position keeps you awake, you are yet to learn position sizing.5) Trade with a stop loss and know it before entering the trade. Old school but the evergreen rule:Book profits periodicallyContinue reading “Learning to Trading”
GAME OF TAXES
In the world of taxes unfortunately the people that pay the highest taxes are employees and self employed people because they don’t have many deductions. They don’t have money deductions they can take to offset their income against the taxes so the people that benefit are buisness owners and investors who pay alot in lessContinue reading “GAME OF TAXES”
