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Tax Saver Fund vs Unit Linked Equity Schemes
by nag_sunny
According to the prevailing tax laws, one can save tax on the investments in noted mutual funds, insurance, ULIPs upto Rs. 1 Lakh.
ULIPs are work as mutual funds exception, they provide insurance also. However linking the insurance with the investment is debatable. In my view insurance should be taken by everyone but at the same time it should not combined with investment. Investments are something different to the insurance.
Another point to be noted here is all the ULIPs charge 20% to 40% of the investment as administration and other charges at the initial stages. So we cannot expect the high returns until and unless we continue investing atleast 5 years. For instance the ULIP companies charges 20% for the first year, around 12% in the next year, 4% afterwards (Applicable for some schemes only, may vary for each scheme).
Coming to the mutual funds, the total charges must not cross 2.5% of the total investment. The investments may have to keep for 2-3 years. Tax saver funds provide the advantage of investing in equity apart from the tax benefit with much lesser administration charges. So I believe the tax saver funds beat the ULIPs.
I believe the invester should make wise decision when starting his investment in the equity. Both have their own advantages and disadvantages.
We Know Who Pays The Most Taxes…Who Benefits Most?
by flaw101
Quite a few studies show us who pays taxes in the U.S.. How about we have a look at who gets the most government spending. A report put out by the Tax Foundation, whose mission is to educate taxpayers about sound tax policy, reveals some interesting if unsurprising answers.
Let’s Abolish The IRS!
by flaw101
Oh goody…..it’s tax time. April 15 looms as those of us who choose not to let the government benefit from our money throughout the year prepare to pay our “fair” share. Some dimwits actually look forward to this time of year. “I like getting a refund”, they say. Do you not realize the government has been earning interest on your money while you wait for that “refund”? Shouldn’t you rightfully be earning that interest?
Statistics Tax Ecommerce
by bl100bec
& 1 other
Information on statistics tax ecommerce. Reviews and recent news.
TaxCut Online & TaxCut Software - Premium Tax Software | H&R Block | Taxes, Tax Software, File Taxes, Tax Preparation
by joenad
& 52 others
TaxCut by H&R Block is a quick and easy way to file your taxes online. Complete your income tax return the quick and easy way with TaxCut Software or TaxCut Online.
Income Tax Preparation, TaxBrain Online Tax Filing
by joenad
& 52 others
Online income tax preparation service from TaxBrain. Prepare and e-file state & federal income taxes online starting $19.95. It's Easy, Fast, Secure, and IRS authorized.
