Want to save Taxes 💸 on your Profits?
Here are "7 Ways" to get tax exemption on stock market returns.
[A Thread] 👇 ...
#stockmarket #investing #profit #taxex
Here are "7 Ways" to get tax exemption on stock market returns.
[A Thread] 👇 ...
#stockmarket #investing #profit #taxex
1/ Reinvest your capital gains 📌
If you reinvest the capital gains from the sale of shares in another eligible investment.
Such as a mutual fund or a pension plan,
You can claim a deduction under Section 54EC of the Income Tax Act.
#investing #funds
If you reinvest the capital gains from the sale of shares in another eligible investment.
Such as a mutual fund or a pension plan,
You can claim a deduction under Section 54EC of the Income Tax Act.
#investing #funds
2/ Invest for the long term 📌
If you hold equity shares or equity-oriented mutual funds for more than one year, the gains are considered long-term capital gains.
Now, LTCG up to Rs. 1 lakh in an FY is exempt from tax. Any gains above that limit are taxed at 10%.
#taxes
If you hold equity shares or equity-oriented mutual funds for more than one year, the gains are considered long-term capital gains.
Now, LTCG up to Rs. 1 lakh in an FY is exempt from tax. Any gains above that limit are taxed at 10%.
#taxes
3/ Invest in ELSS 📌
ELSS are mutual funds that invest in equity shares.
You can invest up to Rs. 1 lakh in ELSS every year and claim a deduction of up to Rs. 1 lakh under Section 80C
ELSS are mutual funds that invest in equity shares.
You can invest up to Rs. 1 lakh in ELSS every year and claim a deduction of up to Rs. 1 lakh under Section 80C
4/ Invest in tax-free bonds 📌
Govt-issued tax-free bonds are an attractive investment option as the interest income is exempt from income tax.
By investing in these bonds, you can earn tax-free returns.
Govt-issued tax-free bonds are an attractive investment option as the interest income is exempt from income tax.
By investing in these bonds, you can earn tax-free returns.
6/ Invest in a residential house 📌
If you invest the #capitalgains from the sale of shares in a residential house,
You can claim a deduction under Section 54F of the Income #Tax Act.
If you invest the #capitalgains from the sale of shares in a residential house,
You can claim a deduction under Section 54F of the Income #Tax Act.
7/ Diversify your portfolio 📌
Don't put all your eggs in one basket. By diversifying your #portfolio, you can reduce your risk and minimize your tax #liability.
Don't put all your eggs in one basket. By diversifying your #portfolio, you can reduce your risk and minimize your tax #liability.
📌 So, These are some of the strategies you can get tax exemption on stock market returns.
BTW, Are you a Long -Term investor or Short Term?
BTW, Are you a Long -Term investor or Short Term?
Hope you get my Point !!
That's all 📌
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Do Like + RWT 💖
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on Finance & Stock Market.
That's all 📌
If you find it Insightful,
Do Like + RWT 💖
Do Follow me for more Such Content
on Finance & Stock Market.
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