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5 investment strategies that can help you avoid tax legally, improve your investment returns
A person living in her parents’ house can pay them rent and claim exemption for the HRA.
Synopsis
Earning higher returns is not in the hands of investors. However, they can take steps to minimise their tax outgo. In this cover story, ET Wealth identifies five investment strategies that can help you save tax without violating the law and improve your returns.
If you invest in stocks and equity funds, you must have earned healthy returns in the past few years. But while the going has been good on the investment front, there is bad news flowing from the tax department. In the past few years, the tax monster has spread its tentacles and started moving into what were considered safe havens till now. In 2018, the tax exemption for long-term capital gains from stocks and equity-oriented funds was removed.