How to Choose between Growth or Dividend Reinvestment while Investing in Arbitrage Fund:?

Arbitrage mutual funds are good investment option for short term, especially for someone in higher tax bracket. The reason being their pre-tax return is comparable to the bank fixed deposits but is tax free if invested for more than 1 year and taxed at 15.45% if redeemed before 1 year of investment. interest on FDs are taxed […] Continue reading →

Did Number of Taxpayers Increase Massively after Demonetization?

Did Demonetization lead to massive increase in Number of Taxpayers Below is the Press Release by Government of India on the controversy surrounding Did Number of Taxpayers Increase Massively after Demonetization? “Clarification regarding number of Taxpayers added after Demonetization “ Various news reports/articles have appeared in the media regarding inconsistency in the estimates of the number of taxpayers added after demonetization. It has been commented that […] Continue reading →