Prajna Capital

Birla Sun Life Tax Plan - Invest Online
Claiming benefits under DTAA
Reliance Education Plan

Birla Sun Life Tax Plan - Invest Online

Posted: 02 Sep 2015 05:10 AM PDT

Birla Sun Life Tax Plan

A fund which has alternated between periods of exceptional and modest returns in the last 15 years, Birla Sun Life Tax Plan has shown a sharp improvement in its show in the last three years. Since 2011, the fund has shown an ability to outpace both its benchmark and category by big margins, earning it a four-star rating in 2015. The fund is managed in a growth style with a flexi-cap strategy, with tactical changes to market-cap weights based on markets.
Birla Sun Life Tax Plan's fifteen- year record looks patchy, but its five- year record compares extremely well to the category. The fund's one-, three- and five-year returns are among the highest in the ELSS category and have also beaten benchmarks by a big margin. This has helped lift its overall CAGR since launch to about 22 per cent. A look back at the past shows that the fund has fared very well in bull markets but has taken a hard knock in bear markets like those of 2001 and 2008. But it broke this pattern in 2011, doing better than its benchmark and category. Portfolio allocations show the fund to be more small-cap oriented than its peers, with a 15-22 per cent allocation to this segment. Large caps have made up to 50-60 per cent of the assets at most times. Small-cap stock choices, however, are far from risky and tilt towards engineering and auto-component MNCs, pharma, etc. The fund has a strong quality bias.
This fund is a good fit for tax-saving investors who seek high returns even if the ride is somewhat bumpy.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

Invest in Tax Saver Mutual Funds Online -

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

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Leave your comment with mail ID and we will answer them

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

Leave a missed Call on 94 8300 8300

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Claiming benefits under DTAA

Posted: 02 Sep 2015 04:53 AM PDT

Claiming benefits under DTAA

Double Taxation Avoidance Agreement or DTAA is an agreement between two countries which aims to avoid taxation of the same income in both countries. India has signed the DTAA with several countries. During assessment of an assessee to whom DTAA applies, the provisions of the Income Tax Act apply only to the extent they are more beneficial to the assessee. Provisions of the DTAA prevail over the statutory provisions. Non resident Indians residing in any of the DTAA countries can avail of tax benefits provided under DTAA by timely submission of the following documents.

Tax residency certificate

The Tax Residency Certificate (TRC) can be obtained from the government of the country in which the NRI resides. Certain information in the TRC is mandatory. They have to be furnished to make a valid submission of TRC to the Indian tax deductor. Name, status (individual , company, firm etc), address, nationality, country, tax identification number of the person in that country, tax status, period for which the tax certificate is issued should all be mentioned in the TRC. The TRC containing details mentioned above should be duly verified by the government of the country or the specified territory of which the NRI claims to be a resident for the purposes of tax.

Self declaration-cumindemnity form

This form is to be submitted in the format prescribed by the particular bank.Information such as account number, country of residence, period for which TRC is submitted, tax rate applicable under DTAA needs to be mentioned in the form.

Other documents

The NRI is required to submit a selfattested copy of PAN card and a selfattested copy of his passport and visa. If the passport has been renewed during the financial year, a copy of PIO card will also have to be submitted.

The documents listed above must be furnished on an annual basis for claiming DTAA tax benefits each year.

If the TRC is not submitted within the timelines required by the deductor, the deductor (eg. Bank) will deduct tax on NRO deposits at the presently applicable rate of 30.9%.

Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015

1.ICICI Prudential Tax Plan

2.Reliance Tax Saver (ELSS) Fund

3.HDFC TaxSaver

4.DSP BlackRock Tax Saver Fund

5.Religare Tax Plan

6.Franklin India TaxShield

7.Canara Robeco Equity Tax Saver

8.IDFC Tax Advantage (ELSS) Fund

9.Axis Tax Saver Fund

10.BNP Paribas Long Term Equity Fund

You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds

Invest in Tax Saver Mutual Funds Online -

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

---------------------------------------------

Leave your comment with mail ID and we will answer them

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

Leave a missed Call on 94 8300 8300

---------------------------------------------

Invest Mutual Funds Online

Invest Any Mutual Fund Online

Download Mutual Fund Application Forms from all AMCs

Download Mutual Any Fund Application Forms

Reliance Education Plan

Posted: 02 Sep 2015 04:12 AM PDT

Reliance Life Insurance Company has launched Reliance Education Plan. The payout can be a lump sum at maturity as seed capital if one plans to start a business; or in two instalments if one opts for post graduation; four instalments for a professional degree or five instalments if one opts for an integrated course.