With a potential change in the direct tax code from the forthcoming budget, everyone should understand the impact on the change of the taxable status of investments.
There will be a change in the status of investments from the EEE tax rule to EET.
What this means today - as an example ppf or insurance is tax free at every stage, at investment, returns and at maturity. However going forward, the plan is to make the entire returns taxable.
One point in this is that the eet will be applicable to those investments which have occurred post the implementation of the DTC.
So go ahead- make the insurance investment now.. Its your last chance in the EEE framework
Smart investing
There will be a change in the status of investments from the EEE tax rule to EET.
What this means today - as an example ppf or insurance is tax free at every stage, at investment, returns and at maturity. However going forward, the plan is to make the entire returns taxable.
One point in this is that the eet will be applicable to those investments which have occurred post the implementation of the DTC.
So go ahead- make the insurance investment now.. Its your last chance in the EEE framework
Smart investing
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