Stay updated with breaking news from Tax Saving Instruments. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Since the financial markets are closed for three days, mutual fund houses will not be able to process the transactions during these days.
Harshvardhan Roongta advises on tax-saving investments, emphasizing the importance of insurance coverage and evaluating product merit beyond tax benefits. He highlights key insurances and suggests considering ELSS for tax savings.
Fulfilling one's financial obligations like registering tax-saving investments and updating returns by the financial year's last day to avoid penalties is a must.
These investments may help lower your taxed income. Check top tax-saving instruments here.
Success in ELSS investment is primarily a function of time rather than timing, Gagrani said, advising investors to opt for a systematic investment plan (SIPs) in ELSS to mitigate the impact of market timing on long-term returns.