India has truly become a tax haven. If you are willing to take market-related risks, you can arrange your affairs in such a fashion that you don't have to pay even one single rupee as tax, irrespective of the extent of your gains.
And, it's all perfectly above board and legal! Here's how.
With a view to giving a boost to the Indian equity market, successive recent finance ministers have doled out many tax concessions to the income and gains from:
Shares traded on a recognised stock exchange in India, and Equity-based mutual fund schemes (equity funds).Now, all you have to do is to park all your investible funds in either of these two avenues -- and relax.The dividends are tax-free, and so are all long-term capital gains. The only question that needs an answer is -- which of the two avenues should you choose?
Read rest of it here...
http://www.rediff.com/money/2007/jun/22tax1.htm
Friday, August 3, 2007
Subscribe to:
Posts (Atom)
