How do I avoid tax on mutual funds? Do we need to show mutual funds in the ITR? Are mutual fund taxes payable every year? Is it possible to avoid the capital-gains tax? Are wealth taxes applicable to mutual fund investments? What are tax-saving mutual funds?
Advance tax is one of the major tools used by the Govt. to collect tax from the assesses all over India. This prepaid form of tax is designed in such a way that an assessee is made to pay tax to the Govt. in a ‘Pay as You Earn Scheme’. This mainly aims at reducing the last...