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Rajiv Gandhi Equity saving skim & Home loan Intrest

Dear Sir,

1. Before 10-12 yrs, I was trading in shares. But today I had not working in that field. Can I take benefit of rajiv gandhi equity skim. Because in that guidelines they had mentioned- new investor .

In rajiv gandhi equity saving skim when shares rate will be down, that investor will lose his money. Please suggest perfect mutual fund or any other option of shares for this skim. Investor will try to reduce his tax burden with safe side.

2. For home loan Rs.150000 is last limit for intrest. If I take home loan & my home I will give on rent, can I get intrest deduction more than 150000 which I will pay in actual.

3. I had seen many peoples are making family trust. Can we save incometax after creating family trust? (While doing charity we can save our money)

Please guide me on above points.

Thanks.

 

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