Page 11 - Value Plus Jan 2016
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ELSS–Equity Linked 2 IN 1
BENEFIT
Savings Scheme
Create Wealth Save Taxes
Create your wealth in a tax-efficient manner
Does the tax filing deadline of
31st March haunt you? Tax
planning is not a last minute
exercise. If you as a taxpayer
want to do your tax planning, the
time is NOW. Do not worry, we
at Arihant will provide you with
various tax saving investment
options to help you in making
the right tax saving investments.
Superior Returns WHAT IS AN
Since ELSS invests in equity related instruments, ELSS?
it helps you to grow your money when the stock
market grows over a period of time. ELSS is a type of diversified
equity mutual fund that invests
Tax advantage primarily in equity markets. It
qualifies for tax deduction under
Investment in ELSS is eligible for tax deduction section 80C of the Income Tax
up to Rs 1.5 Lakh under section 80C of the Act, where investments upto Rs
Income-tax Act, 1961 1.5 lakhs are eligible for
Dividend received is tax-free in the hands of deduction from total income. It
investors offers twin-advantage of capital
Long-term capital gains is not applicable on sale appreciation and tax benefits. It
of ELSS as investment is held for over an year comes with a lock-in period of
three years.
Shorter lock-in period
NEXT STEPS
ELSS offer the advantage of one of the lowest
lock-in period as compared to other tax saving Visit www.arihantcapital.com/
instruments knowledge centre/taxsavings
to get more tax tips
11 ARIHANT CAPITAL ¡ JANUARY 2016
