2007-08-21 03:04:04 · 5 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ India
firstly you must understand why you are saving. If the purpose is only to save tax.. then you need to rethink. Other wise you need to spread the investment between short, mid and long term. Also see if you need the investment to give you immediate results. For mid and long term you can chose between postal RD, mutual funds and FDs. For short term you can look at commodity or forex trading. The forex and commodity trading is risky, but with expreienced traders i'm sure it will be worthwile.
I can help you with more information on all the above,
Just let me know what exactly you need to know.
You can mail me at madgowkar@yahoo.co.in
2007-08-21 03:50:28 · answer #1 · answered by madhu s 2 · 0⤊ 0⤋
invest in tax free or tax efficient savings plans
2007-08-21 03:06:40 · answer #2 · answered by itsmeee 3 · 0⤊ 0⤋
Buy municipal securites and hold to maturity. No capital gains that way and tax free.
2007-08-21 03:08:12 · answer #3 · answered by OC Boarder 5 · 0⤊ 0⤋
open PPF a/c, NSC LIC or insurance policies, mutual funds etc.I suggest to invest partials amount in all category.
2007-08-21 10:05:32 · answer #4 · answered by Big_Boss 1 · 0⤊ 0⤋
If I knew, I wouldn't tell anyone else.
2007-08-21 05:08:52 · answer #5 · answered by Bibs 7 · 0⤊ 0⤋