Don't evade tax, save tax! there is nothing like a relaxed mind and happy soul!

There are many way of looking at a single topic. The currency exchange is definitely tedious with the limit on transactions and long cues. But we salaried and tax payers need not worry much, it i just the currency crunch and loose change crisis, which will eventually solve and change our currency management habbits.

As law abiding taxpayers of India, we can take some learnings from the situation and do some introspection. You may say, I am paying taxes on salary, goods as well as services, then what kind of introspection we need to do?

We create the blackmoney pool with our hard earned taxed money

1. To avoid paying high amounts of taxes on gold jewellery purchase, often encourage cash transaction paving a way to make the whole white money into black by the jeweller

2. To stay away from high fee and taxes we partner with real estate developers to transact in part cash

So, basically our fear of paying taxes create the option for creation of black money.


Apart from avoiding these transactions in future, we should take Tax saving instruments

seriously to get higher, less taxed or complete tax free returns. Apart from the 80c instrument, there are many investment instruments which are tax efficient.

• Debt Funds - More efficient for the hiher tax bracket segment
• Equity - Return on equity shares as well as mutual funds investments n long term (more than 1 year) period is cmpletely tax exempted, whatever the amount is.
• Dividend on equity, equity mutual funds are tax free in the hands of the investors
• D-mat Gold - Handling cost, making charges are nil, making it much efficient investment compared to the physical gold. So, it is advisable to go for gold ETFs, or the sovereign gold funds

#save tax #black money #invest in Equity mutual funds

Be a smart investor, stay clutter free, there is nothing like a relaxed mind and happy soul!

The 17 special and secured features of the new Rs. 2000 note

The new #Rs. 2000 is in circulation. Here we welcome it with all love and respect. Chances are nil that the note is a fake, as it is just 2 days old, however, there is no harm in understanding the special and security features to get to know the new denomination.

Here's introducing the new Rs. 2000

Obverse

1. see through register with denominational numeral 2000 can be seen when the note is held against light.

2. Latent image with denominational numeral 2000 which can be seen when the bank note is held at 45 degree angle at the eye level

3. Denominational numeral 2000 in Devnagri

4. Potrait of Mahatma Gandhi in the centre

5. Micro letters 'RBI' and 2000

6. Colour shift windowed security thread with inscription '' भारत", RBI and 2000. Colour of thread changes green to blue when the note is tilted

7. Guarantee clause, governor's signature with promise clause and RBI emblem towards right

8. Mahatma Gandhi potrait and electrotype (2000) watermarks

9. Number panel with numerals growing from small to big on the top leftside and bottom rightside. 

10. Denominational numral with the Rupee symbol, Rs. 2000 in colour changing ink (green to blue) on bottom right

11. Ashoka Pillar emblem on the right

For visually impaired 

Intaglio or raised printing of Mahatma Gandhi potrait, Ashoka Pillar emblem, bleed lines and identification mark

12. Horizontal rectangle with raised print on the right

13. Seven angular bleed lines on left and rightside in raised print

14.  Year of printing of the note

15. Swachh Bharat Logo with Slogan

16. Language panel towards the centre

17. Motif of Mangalayan - reflecting country's first venture in the interplanetary space.

Source - Advertisement by Ministry of Finance