Dear Friends,
Now, I understood Govt has given lot many clarifications on RGESS scheme. Also Mutual Funds are allowed to trade under this.
Hence, I hope this is beneficial to all. For tax payers under 20% slab, about Rs.5,150/- can be saved under this scheme with an investment of Rs. 50K. This about 10% upfront income on investment.
Under these situations, I would like to invest in the same during next week. I would love to have all of your comments on the same. Am I correct in investing under RGESS. Or am I taking a great Risk for avoiding 5K tax. Pl. suggest me.
Regards, Jha