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Mutual fund distributors wish for higher deduction in budget 2023
As the union budget 2023 approaches, Indian mutual fund distributors are hoping for a deduction in the tax rules. Currently, investors in mutual funds are eligible for a deduction under section 80C of the Income Tax Act. However, the maximum limit for this deduction is only Rs 1.5 lakhs, which is considered inadequate by many mutual fund distributors in relation to the inflation. The mutual fund industry has been growing rapidly in recent years, with a significant increase in
Adv. Siddharth Sachan
Apr 12 min read
Options vs. Futures: Which to Choose?
Introduction Options and futures are two types of derivative products in the stock market. Since they derive their values from an...
RAJKUMAR DAS
Nov 16, 202310 min read
Expectations from Union Budget 2023
It's almost time to turn the page on 2022 and start a new chapter, and taxpayers are counting down to the Union Budget 2023, amid high...
CA Pratik Bharda
Dec 27, 20221 min read
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