Choose Sovereign Gold Bonds Over Physical Gold!

by PlanMoneyAdmin | Jan 23, 2024 | SERVICES

Unlock the brilliance of investing with Sovereign Gold Bonds (SGBs), the ultimate alternative to traditional physical gold investments. Elevate your financial strategy with these exceptional features:

Noteworthy Features:

1. Tenure: Enjoy the flexibility of an eight-year tenure, with the freedom to exit from the bond starting from the fifth year and sixth month onward.
2. Asset Appreciation opportunity plus assured interest issued by the Government of India.
3. Holding Certificate: Receive an official holding certificate as proof of your valuable investment in these bonds.
4. Online Convenience: Seamlessly manage your investments with the ease of online transactions.
5. Earn 2.5% assured interest per annum on the investment.
6. No TDS Applicable
7. No Capital Gains Tax on redemption.
8. Indexation Benefit if the bond is transferred before maturity.

To minimize taxes on your equity Mutual Fund profits, consider a strategy called Harvesting.

by PlanMoneyAdmin | Jan 23, 2024 | SERVICES

Here’s how it works:
Invest Rs 50,000 in equity Mutual Funds.

Hold the investment for more than a year.

When you redeem, you receive Rs 1,50,000, resulting in a profit of Rs 1,00,000.

The key benefit: The profit of Rs 1,00,000 is entirely tax-free. According to the rule, if you hold equity Mutual Funds for over a year, you can redeem them annually without paying taxes on profits up to Rs 1,00,000.

To make the most of this, remember to reinvest the redeemed amount immediately. This ensures you save on taxes and continue progressing toward your financial goals.