Aa_somani
Accounts & Finance
+1 Other

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Hello Friends
I need help regarding Tax Saving...
My Friend is Earning 3.5 Lac PA
His accountant has advised to show an saving of around 60 Thousand PA in order to pay minimum Tax.
He is just married and all of us know about the Expenses in Tier 2 City.
There are couple of Options like NSC, PPF , FD but for these he cannot withdraw amount before 5 Years i.e his money will be Blocked for 5 Years.
He is looking for an Investment option where he if needed he can withdraw some amount after 2 Years .
Plz suggest him any of the investment option.
Regards
SV

From India, Jaipur
Hello Shruti Help regarding Tax Saving... As per Income Tax Act, there is no option available where you can withdraw amount after 2 years. All are fixed at least for 5 years.
From India, Pune
Hello Atul, Thanks for Replying Could you suggest , which investment plan he should opt for...??? What about LIC plans are they helpful..... Regards SV
From India, Jaipur
Hello Shruti I think there was an option in ICICI Mutual Fund an Tax saving plan, but which has 3 years block periods.
From India, Bangalore
Hello Shruti I can plan your investment on the basis of your requirment and needs. Give me details of previous Investments so I can plan accordingly...
From India, Pune
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